Financial Markets Dealers Association

Announcements

May 10, 2012

ACI DEALING CERTIFICATE WORKSHOP (JUNE 25 - 28, 2012)

The ACI dealing certificate qualification is recognised worldwide as an entry-level qualification for dealers’ active in the unregulated financial markets. This intensive workshop gives delegates insight into the workings of the Money, Repo, Forex, and Derivative Markets and prepares them for the online examination. ...more

INTERMEDIATE TREASURY MANAGEMENT COURSE (JUNE 21-22, 2012)

Treasury is the nerve centre of the Bank or any other organization. With the recent developments in the Nigerian Financial Sector, financial institutions’ funds must be managed effectively to generate the kind of returns that the stakeholders are expecting in the face of global financial crisis, stiff competition, regulatory operations and inherent risk exposures. ...more

UNDERSTANDING THE BONDS MARKET (JUNE 7 - 8, 2012)

The Nigerian FGN Bond market is fast recovery from depression, and opening new opportunities for investments and risk management strategies. The volatility that started gradually mid- 2010, got to its peak in the last quarter of 2010, and resulted to incessant closure of the Two Way Quote market for FGN Bond due to lack of in-depth understanding of the complexity and technicalities of the pricing methodologies and the emerging risk management techniques. ...more

Nigeria Interbank Foreign Exchange Rate (NIFEX Yield Curve)

Tenor	Swap	Forward Fixings	Date
Spot		159.2125 / 159.3125	18 May, 2012
7 Day	0.4676 / 0.4679	159.6801 / 159.7804	18 May, 2012
14 Day	0.9408 / 0.9414	160.1533 / 160.2539	18 May, 2012
21 Day	1.4207 / 1.4216	160.6332 / 160.7341	18 May, 2012
30 Day	2.0469 / 2.0482	161.2594 / 161.3607	18 May, 2012
60 Day	4.1420 / 4.1446	163.3545 / 163.4571	18 May, 2012
90 Day	6.2780 / 6.2820	165.4905 / 165.5945	18 May, 2012
180 Day	12.5800 / 12.5879	171.7925 / 171.9004	18 May, 2012

Nigeria Interbank Offered Rate (NIBOR Yield Curve)

Tenor	Rate	Chng	Date
Call	14.9583	-0.04	18 May, 2012
7 Day	15.2917	-0.04	18 May, 2012
30 Day	15.6667	-0.04	18 May, 2012
60 Day	15.9583	-0.08	18 May, 2012
90 Day	16.2500	-0.12	18 May, 2012

Nigeria Interbank T-Bills True Yield Fixing (NITTY Yield Curve)

Tenor	Rate	Chng	Date
1 Month	13.9848	0.06	18 May, 2012
2 Months	14.5435	0.46	18 May, 2012
3 Months	14.6417	0.02	18 May, 2012
6 Months	15.6676	0.12	18 May, 2012
9 Months	16.3278	0.04	18 May, 2012
12 Months	16.6374	0.12	18 May, 2012