RMB Nigeria Wins FMDQ Compliance Award

RMB Nigeria Wins FMDQ Compliance Award

Rand Merchant Bank Nigeria has bagged the FMDQ Member Compliance, Secondary Market award for its remarkable achievements in the Nigerian financial market for the period of October 2022 to August 2023.  This prestigious award  was presented by FMDQ, a leading Nigerian financial market infrastructure group.

The FMDQ GOLD Awards are designed to honour and acknowledge the resilience and agility of key players within the Nigerian financial market. These awards are underscored by FMDQ’s GOLD principles, which stand for “Global Competitiveness, Operational Excellence, Liquidity, and Diversity.” The GOLD Agenda encompasses various facets of the financial market, ranging from securities exchange, central counterparty services, and depository services, to private markets.

The award specifically recognises RMB Nigeria as the Exchange Dealing Member with the least number of infractions, which is  a clear testament to consistent adherence to market rules and guidelines.

Chief Executive Officer (CEO) of RMB Nigeria,  Dalu Ajene, expressed the institution’s pride and gratitude for this remarkable accomplishment.

 “This accomplishment is a testament to RMB Nigeria’s dedication and unwavering commitment to the Nigerian economy and maintaining the highest standards of compliance and performance. RMB Nigeria’s contributions have been instrumental in promoting stability and growth within the Nigerian financial market and, by extension, the broader economy,” he said.

He explained that the significance of RMB Nigeria’s achievement is particularly relevant in a market where heightened regulatory engagement is evident. “Coupled with a challenging environment masked by global geopolitical shocks and record-high levels of inflation, it becomes imperative to recognise the pivotal role played by financial market participants such as RMB Nigeria,” he added.

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