Primary Dealer Market Makers in Nigeria: Their Functions and List of PDMMs
Primary Dealer Market Makers (PDMMs) are banks or other financial institutions that are appointed by the Debt Management Office (DMO) to act as authorized dealers in selling bonds of the Federal Government of Nigeria (FGN bonds). Understanding PDMMs in Nigeria PDMMs is a system put in place by DMO whereby some financial institutions are given an exclusive right to purchase/underwrite all government securities issued … Read more