CBN, FMDQ introduce long-dated FX futures

T he Central Bank of Nigeria (CBN) in collaboration with FMDQ Holdings Plc (FMDQ) has introduced long-dated FX Futures, extending the maximum contract tenor to up to five years. This implies that 47 new monthly OTC FX Futures contracts, in addition to the existing 13 contracts have been introduced from February 13, 2020, bringing the total number of open OTC FX Futures contracts at any point to 60. FMDQ in a statement made available to newsmen noted that as the pioneer and sole seller of the
Click here to read full news..