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FMDQ CEO pushes hedging products development before the next market shock

The Managing Director and Chief Executive Officer of FMDQ Group, Zeal Akaraiwe, has urged Nigerian regulators and market infrastructure institutions to develop deeper hedging markets while foreign…

  • Central Bank of Nigeria (CBN) supports market development and credibility, per Akaraiwe's praise.
  • FMDQ introduced USD/NGN Non-Deliverable Forwards in 2016, laying groundwork for forex hedging.

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