The total debt market size of the FMDQ Securities Exchange Limited has reached a historic milestone, hitting N118.29tn, according to data released by the exchange on Tuesday.
The official market report, which captured trading activities as of 26 May 2026, underscores the rapid expansion of the domestic fixed-income market as corporate institutions and the Federal Government increasingly leverage the local debt capital market to navigate macroeconomic realities and plug infrastructural funding gaps.
Market analysts attribute the steady growth of the FMDQ platform to a combination of aggressive sovereign borrowing, central bank liquidity management tools, and an influx of commercial papers and corporate bonds from private sector operators seeking stable long-term capital amid persistent banking reforms.
A review of recent trading data shows that short-term instruments, particularly commercial papers and treasury bills, have dominated market participation, driven by high-yield appetites from institutional investors, including pension fund administrators and asset managers.
The exchange has also benefited from its tech-driven infrastructure and transparent price discovery mechanisms, which have continued to boost local investor confidence despite volatile interest rates and inflationary headwinds in the broader economy. Related News FG pushes ranching to end farmer-herder conflict N105bn cash returns to banks after February rate cut Dangote refinery reduces forex pressure on Nigeria — Report
