Sequel to the launch of its Green Exchange initiative, Nigeria’s FMDQ Securities Exchange Limited (FMDQ Exchange), a subsidiary of FMDQ Holdings PLC, (FMDQ Group), and the Luxembourg Stock Exchange (LuxSE), have signed a Listing Agent and Cooperation Agreement.
The institutions said the move is to facilitate the dual listing of securities issued by financial institutions and corporates domiciled in Nigeria on both FMDQ Exchange and LuxSE markets.
Mondovisione reports that the signing ceremony took place during a special hybrid event held jointly in Luxembourg and Lagos, which marked the official launch of the premier Green Exchange in Nigeria by Africa’s first vertically integrated financial market infrastructure group.
Commenting, Managing Director, FMDQ Exchange, Ms Tumi Sekoni, said: “Indeed, we are excited to be executing a Listing Agent & Cooperation Agreement with LuxSE, and hopeful that this partnership will birth an avenue for FMDQ Exchange and LuxSE to achieve formidable market cooperation and promote even greater information symmetry for the benefit of the Nigerian and global financial markets.”
As part of the cooperation agreement, the two institutions will work together to enable Nigerian issuers with securities listed on FMDQ Exchange, to tap into international capital markets and access the international investment community by providing a secondary listing venue at LuxSE.
On her part, LuxSE CEO, Julie Becker, said: “We are pleased to enter into this cooperation agreement with FMDQ Exchange and work together to create synergies and connections across our markets. 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.”
Uniting capital markets
As part of the cooperation agreement, the two institutions will work together to enable Nigerian issuers with securities listed on FMDQ Exchange, to tap into international capital markets and access the international investment community by providing a secondary listing venue at LuxSE.
Working towards global goals
Against the backdrop of COP26 in Glasgow, Scotland, the signing ceremony coincided with the launch of the FMDQ Green Exchange, an information platform dedicated to promoting green and sustainable debt securities listed on the FMDQ Exchange, as well as facilitating transparency, good governance and the growth of sustainable finance in Nigeria.
LuxSE, home to the Luxembourg Green Exchange (LGX), the world’s first and leading platform dedicated to sustainable securities, supports the growth of sustainable finance in Nigeria and other emerging markets through capacity building, educational programmes and the sharing of best practices.
