The registration of this CP Programme strategically
positions Providus Bank Limited to raise short-term finance from the Nigerian
DCM easily, through CP issues within its CP Programme and quote same on FMDQ
Exchange for visibility of the issue and desired transparency for the
investors.
Providus Bank is a Nigerian financial services provider,
licenced as a commercial bank to provide banking, investment and wealth
management services to individuals and businesses.
The registration of this CP programme, sponsored by
Greenwich Merchant Bank Limited – a Registration Member (Quotations) of FMDQ
Exchange, validates the Exchange’s conscious drive to support the capital
market needs of corporates and governments and to further deepen the Nigerian
financial markets, and ultimately, the nation’s economy.
FMDQ Exchange will continue to work collaboratively with
market stakeholders to align the debt capital markets with international
standards, and will, through f product and service innovation and the
championing of key market development initiatives, take commendable steps to
ensure that growth and development opportunities abound for the markets under
its purview.
FMDQ Group is Africa’s first vertically integrated financial
market infrastructure (FMI) group, strategically positioned to provide registration,
listing, quotation and noting services; integrated trading, clearing &
central counterparty, settlement, and risk management for financial market
transactions; depository of securities, as well as data and information
services, across the debt capital, foreign exchange, derivatives and equity
markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear
Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.
As a sustainability-focused FMI group, FMDQ Group, through
FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange –
positioned to lead the transition towards a sustainable future.
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