FMDQ launches first African Green Exchange

As part of its financial market mechanism to support sustainable development in the country, and in an effort to tap into the opportunities in the green and sustainable finance market, FMDQ Exchange has launched Africa’s maiden green stock exchange on Monday.

The launch of the Green Exchange also came on the heels of the collaboration between Luxembourg Stock Exchange (LuxSE) and FMDQ Securities Exchange Limited, as the Exchanges signed a listing and cooperation to facilitate the dual listing of securities issued by financial institutions and companies domiciled in Nigeria on the FMDQ Exchange and LuxSE markets.

By this agreement, the two institutions would work together to allow Nigerian issuers whose securities are listed on the FMDQ Exchange to access international capital markets and the international community of investors by offering them a secondary listing location on the FMDQ Exchange. LuxSE.

At the virtual event held jointly in Luxembourg Stock Exchange (LuxSE) and FMDQ Securities Exchange Limited (FMDQ Exchange), LuxSE CEO, Julie Becker noted that cooperation between global capital markets is crucial, and partnership is needed for developing countries to mitigate and adapt to climate change.

“I would like to congratulate FMDQ Exchange on the launch of the FMDQ Green Exchange and I look forward to further exploring new fields of cooperation in the area of green finance,” Becker said.

Speaking at the event, the Governor of Lagos State, Mr Babajide Sanwo-Olu, said that the launch of green exchange was a step in the right direction for mainstreaming finance and development in Africa and is a huge win for Nigeria especially as it is happening in this period of COP26.

Sanwo-Olu believed that the launch of the green exchange would open up options especially unlocking sustainable investment opportunities for investors.

Expressing optimism, he noted, “as of August 2020, the LGX displayed 796 green, social and sustainable securities totalling $356 billion and as the first exchange to be launched in Africa, we see the potential impact that the FMDQ green exchange can also have in solving our most pressing problems and we urge them to deliver no less than a similar level of leadership and a greater success story for the region.”

Also speaking on the development, the Chief Executive Officer, FMDQ Group, Mr Bola Onadele, expressed that the group recognizes the imperative role it plays in the Nigerian financial market.

According to the CEO, this includes the opportunities its business represents in its ability to promote sustainable economic growth and development and as such understands that the delivery of long term business success, value creation and prosperity is not only hinged on financial but also on environmental and social performance.

Mr Onadele assured that the FMDQ green exchange which is Africa’s foremost green exchange will provide a one-stop depository for all green and sustainable debt securities listed on FMDQ which will, in turn, afford issuers with increased visibility throughout the life of these securities via the publication of relevant information and data.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Viral Voice Note On WhatsApp Billing False

Claim: A viral WhatsApp voice note, purportedly made by the director and CEO of WhatsApp, claims users will have to start paying for WhatsApp services.

Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been circulated as a broadcast message several times in the past.FMDQ launches first African Green Exchange

FMDQ launches first African Green Exchange