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OTC market records N9.75tri turnover

OTC market records N9.75tri turnover

Over-The-Counter  (OTC) market, last month, recorded a turnover ₦9.75 trillion. This figure, according to FMDQ OTC Securities report was 23.49 per cent (₦2.99trn) lower than the value recorded in the month July. 2016.

 

A breakdown of activities in OTC last month showed that Treasury Bills (T.bills) transactions accounting for 33.02 per cent of the total value while turnover in the Foreign Exchange (FX) market, accounting for 23.29 per cent of total turnover, settled at $7.12 billion.

 

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