{
  "id": 13053616,
  "title": "FMDQ CEO pushes hedging products development before the next market shock",
  "url": "https://urgent.news/2026/10/09/fmdq-ceo-pushes-hedging-products-development-before-the-next-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T06:50:02.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/09/fmdq-ceo-pushes-hedging-products-development-before-the-next-market-shock/"
  },
  "original_language": "en",
  "account": "Managing Director and CEO Zeal Akaraiwe of FMDQ Group has urged Nigerian regulators and market institutions to build robust hedging markets while foreign exchange conditions are stable, ahead of possible future market shocks. Addressing investors at a meeting in Singapore, Akaraiwe likened market preparedness to buying an umbrella before a rainstorm. The Central Bank of Nigeria (CBN) has been proactive in supporting market development, according to Akaraiwe, who praised its efforts in enhancing market credibility and predictability. However, he emphasized that market stability should lay the groundwork for innovation, particularly in products that help investors and businesses manage financial risks like currency fluctuations. Akaraiwe called for technology-driven exchange-control monitoring, stronger professional competency, and a focus on market participants, infrastructure, credibility, and product development over the next five to ten years. He assumed his role as FMDQ Group CEO in June 2026, continuing the focus on market innovation, risk management, and capital-market development. The recent comments follow FMDQ's introduction of the USD/NGN Non-Deliverable Forwards market in 2016, laying groundwork for foreign exchange hedging activities. The company's broader program also includes planned engagements in Beijing with international investors and financial institutions. Current FMDQ market data shows that spot transactions make up 96.19% of total FX turnover, while derivatives account for only 3.81% during the week ended October 2, 2026. This highlights the need for deeper hedging activity while exchange-rate conditions remain stable.",
  "summary": "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 exchange conditions remain stable, rather than waiting for another market shock. The post FMDQ CEO pushes hedging products development before the next market shock appeared first on Nairametrics .",
  "key_points": [
    "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."
  ],
  "editors_take": "FMDQ's push for hedging products development signals a strategic shift towards risk management and market innovation, positioning the market to better withstand future shocks and currency fluctuations.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}