LuxSE and Nigeria exchange sign dual listing agreement

Julie Becker, CEO LuxSE Luxembourg Stock Exchange

Julie Becker, CEO LuxSE Luxembourg Stock Exchange

The Luxembourg Stock Exchange (LuxSE) and Nigeria’s FMDQ Securities Exchange, on Monday announced a cooperation agreement facilitating the dual listings of securities issued by the two financial institutions.

The FMDQ Securities Exchange is a subsidiary of the FMDQ group, Africa’s first vertically integrated financial market infrastructure.

“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”, declared Julie Becker, LuxSE CEO.

Tumi Sekoni, managing director at the FMDQ Exchange, in a statement 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.”

The two institutions pledged to work towards enabling Nigerian issuers with securities listed on the FMDQ Exchange, and the secondary listing venue at LuxSE will provide access to the international investment community.

The signing ceremony coincided with the launch of Nigeria’s first Green Exchange, an information platform dedicated to promoting green and sustainable debt securities, facilitating transparency, good governance and the growth of sustainable finance in Nigeria.