About Us

The Financial Markets Dealers Association of Nigeria (FMDA) formerly known as Money Market Association of Nigeria (MMAN) is a self regulatory body in Nigeria; initially registered in 1989 under land (Perpetual succession) Act of 1962 and registered later under the Incorporated Trustees on 11th March 2010 as FMDA; to develop financial market infrastructure, human capital and promote professional and ethical standards in treasury activities in Nigeria.

Objectives

Our objectives include:

·         Providing a forum for members: To facilitate networking and discussion among financial institutions and professionals.

·         Promoting market awareness: To increase public awareness and demand for financial market instruments.

·         Representing member interests: To present views and opinions on matters affecting the financial markets.

·         Contributing to market development: To promote education, best practices, and technical advice in the financial markets.

·         Collaborating with regulatory bodies: To work with government and regulatory agencies to formulate policies and guidelines for the financial markets.

Membership

We welcome corporate membership from financial institutions, non-bank financial institutions, and multinationals involved in naira, foreign exchange, and government securities trading. To apply, prospective members can complete the membership application form. The application will be circulated to existing members for feedback, and upon approval, the organization will be required to make relevant payments to confirm its admission.

Corporate Membership Categories

1.      Banks

2.      Non-Bank Financial Institutions

3.      Payment Service Banks

4.      Others

Eligibility Criteria

·         Must be a registered financial institution

Required Documents for registration

·         Application letter on company letterhead

·         Certificate of Incorporation

·         Memorandum and Articles of Association

·         Reference letter from one of its Bankers

·         Regulatory approval for trading/investment activities

·         Corporate brochure

Fees

Application Fee: N100,000 (non-refundable)

Annual Subscription Fees:

·         Banks: ₦15 million

·         Non-Bank Financial Institutions: ₦7.5 million

·         Payment Service Banks (PSBs): ₦5 million

·         Others: ₦5 million

Membership Benefits

As a member of the Financial Markets Dealers Association, you can leverage:

·         Relationships with Policy Makers/Regulators: Influence public opinion and government policies through our established relationships with key stakeholders.

·         Capacity Building: Enhance skills and competencies through our training programs, workshops, and conferences.

·         Market Development: Contribute to market development and deepening through our Market Development Committee.

·         Authorized Dealers' Directory: Get listed in our directory and stay connected with financial market dealers and members.

·         Networking: Exchange information and network with industry professionals at local and international events.

·         Access to FMDA Committees and Working Groups: Stay informed about regulatory developments and best market practices.

Additional Benefits:

·         Logo display on our website with a direct link to your corporate website

·         Publicity through sponsorship of our events

·         Discounted rates for training facilities and events

·         Discounted rates for corporate brand view in our calendar.