The Financial Markets Dealers Quotations Group Plc (FMDQ) has announced the appointment of Muhammad Musa Abdullahi as the new Group Chairman. Abudullahi currently serves as the Deputy Governor of the Central Bank of Nigeria in charge of Economic Policy.
The Group is the pioneer vertically integrated Financial Market Infrastructure institution on the continent, providing a broad range of services including debt capital, foreign exchange, and equity markets
The Group noted in its statement that Abdullahi had bestrode both the banking sector and public service, serving as the Commissioner of Economic Planning and Budget in Kaduna State, and subsequently as the Chief of Staff to the Governor. He also chaired the state’s Infrastructure Council.
Abdullahi also had stints at the World Bank and the United Nations.
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Responding to his appointment, the CBN Deputy Governor said he is fully committed to further entrenching FMDQ Group’s legacy of innovation and excellence.
“FMDQ Group has established itself as a beacon of innovation and excellence in the Nigerian financial markets over the past decade,” he stated.
“It is an absolute honour for me to join this significantly important financial market infrastructure, and I am committed not only to maintaining this legacy but also enhancing it to meet the evolving demands of our time,” he added.
He succeeds Dr. Kingsley Obiora as the fifth Chairman of the Board. Dr Obiora was Abdullahi’s predecessor as Director of Economic Supervision at the country’s apex bank.