July 22, 2024

Change Of Name from FMDQ Holdings PLC To FMDQ Group PLC

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We are pleased to inform you of our Company’s change of name from FMDQ Holdings PLC to FMDQ Group PLC (“FMDQ” or “FMDQ Group” or “the Group”), effective February 2, 2022.

Launched as FMDQ OTC PLC in 2013, FMDQ Group has evolved over the years from an OTC Market to a full-fledged Securities Exchange, to a budding financial market infrastructure (FMI) Group, now structured as a Securities and Exchange Commission (SEC)-registered Capital Market Holding Company, warehousing five (5) wholly owned subsidiaries, including FMDQ Securities Exchange Limited (Nigeria’s largest Exchange by Market Turnover – with an annual average of c. ₦166 trillion), FMDQ Clear Limited (Nigeria’s only operating Central Counterparty – with over c. $60 billion derivatives contracts cleared), FMDQ Depository Limited (Nigeria’s integrated Securities Depository), FMDQ Private Markets Limited (Nigeria’s Private Capital Marketplace Organiser) and iQx Consult Limited (an Information Technology Services Company).

As a valuable stakeholder of FMDQ Group and the Nigerian financial markets, this update on our change of name is for your information and records. We kindly request that, going forward, you refer to our Company as ‘FMDQ Group PLC’, which can be shortened to ‘FMDQ’ or ‘FMDQ Group’  Please note that there are no changes to our business operations, governance structure, corporate structure, or any other aspect of the business, as a result of this name change.

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