The total turnover for the month of January 2018 on the FMDQ OTC platform amounted to N11.71 trillion, according to the management of the exchange.
Trading activities in T.bills contributed the largest to overall turnover, accounting for 39.24 per cent of the market. FX market transactions (Foreign Exchange and Foreign Exchange Derivatives) accounted for 37.50 per cent whilst Repurchase Agreements (Repos)/Buy-Backs product categories (Repos/Buy-backs) accounted for 15.87 per cent, with Bonds and Unsecured Placement & Takings representing 6.63 per cent and 1.03 per cent respectively, of overall market turnover.
The top ten Dealing Members (Banks) accounted for 75.36 per cent (N8.82trn) of the overall turnover in the market, with the top three accounting for 67.05 per cent (N5.92trn) of this sub-section of the market.
Stanbic IBTC Bank Plc, Access Bank Plc and Standard Chartered Bank Nigeria Limited commenced the year as the leaders in the value traded for the overall over-the-counter (OTC) market, ranking 1st, 2nd and 3rd respectively.
Meanwhile, on Wednesday, February 28, 2018, the 20th OTC FX Futures contract, NGUS FEB 28 2018, with notional amount $353.26 million, matured and settled on FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange).
This maturity brings the total value of matured Naira-settled OTC FX Futures contracts on FMDQ, since the inception of the market in June 2016, to approximately $8.03 billion.
In line with the guidelines stipulated in the FMDQ OTC FX Futures Market Operational Standards, the NGUS February 28 2018 contract stopped trading eight days before its maturity and was valued against the NAFEX – the Nigerian Autonomous Foreign Exchange Fixing – the FMDQ reference spot FX rate published on Wednesday, February 28, 2018.
The associated clearing/settlement activities were effected accordingly, in line with the standards.
The Central Bank of Nigeria (CBN), as observed over the last nineteen maturities, introduced a new contract, NGUS FEB 27 2019 for $1.00 billion at $/N362.09 to replace the matured contract. The apex bank also refreshed its quotes on the existing one to eleven month contracts.
Meanwhile, wholly owned by the Federal Government of Nigeria (FGN) through the Ministry of Finance (MoF) and incorporated by the Debt Management Office (DMO), the N100.00 billion Federal Roads Sukuk Company 1 Plc 7-Year 16.47 per cent IjarahSukuk due 2024, was formally listed on FMDQ’s platform this month.
Similar to the historic listing of the FGN Eurobonds on domestic exchanges, this is yet another commendable feat for the FGN, with the MoF and DMO, in their respective roles, championing development in the Nigerian debt capital markets.
Being the pioneer sovereign Sukuk, this issuance will serve as a benchmark for the pricing of subsequent Sukuk issuances and provide a boost for other arms of government and the private sector to issue non-interest-bearing securities.
Holgura mecanica
Sistemas de balanceo: importante para el operación estable y óptimo de las máquinas.
En el entorno de la avances avanzada, donde la productividad y la seguridad del dispositivo son de máxima significancia, los dispositivos de ajuste desempeñan un papel crucial. Estos dispositivos adaptados están desarrollados para ajustar y regular piezas dinámicas, ya sea en herramientas industrial, vehículos de desplazamiento o incluso en equipos domésticos.
Para los profesionales en soporte de aparatos y los ingenieros, operar con sistemas de balanceo es crucial para promover el funcionamiento fluido y fiable de cualquier mecanismo giratorio. Gracias a estas herramientas innovadoras avanzadas, es posible minimizar considerablemente las oscilaciones, el zumbido y la tensión sobre los soportes, prolongando la duración de elementos caros.
Igualmente significativo es el tarea que desempeñan los sistemas de equilibrado en la servicio al comprador. El soporte técnico y el conservación constante utilizando estos aparatos permiten dar asistencias de gran calidad, aumentando la satisfacción de los usuarios.
Para los dueños de emprendimientos, la financiamiento en estaciones de calibración y medidores puede ser importante para mejorar la efectividad y rendimiento de sus dispositivos. Esto es principalmente significativo para los inversores que administran pequeñas y medianas empresas, donde cada elemento vale.
Por otro lado, los dispositivos de equilibrado tienen una extensa uso en el área de la fiabilidad y el monitoreo de excelencia. Permiten encontrar posibles fallos, evitando reparaciones elevadas y daños a los dispositivos. También, los información recopilados de estos equipos pueden emplearse para perfeccionar sistemas y aumentar la visibilidad en plataformas de consulta.
Las áreas de utilización de los equipos de balanceo incluyen múltiples áreas, desde la producción de ciclos hasta el control de la naturaleza. No interesa si se refiere de grandes elaboraciones manufactureras o limitados talleres hogareños, los sistemas de ajuste son esenciales para asegurar un desempeño eficiente y sin paradas.
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