Financial Markets Dealers Association
Financial Markets Dealers Association (FMDA) is Nigeria's self-regulatory industry association for financial market dealers, providing training, certification, advocacy, and facility services to banks, financial institutions, and treasury professionals across Nigeria.
- Company typePrivate
- Founded1989
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Financial Markets Dealers Association does
Financial Markets Dealers Association (FMDA) is a self-regulatory, non-profit industry association serving Nigeria's financial market dealers. Founded in 1989 as the Money Market Association of Nigeria (MMAN), it was re-registered under its current name on March 11, 2010, broadening its mandate from money markets to the full scope of dealer activity. It is headquartered in Victoria Island, Lagos, and operates with a lean staff of 11 employees under the leadership of President Bayo Adeyemo and Vice Chairman Steve Amangbo.
FMDA's core offerings are organized around five revenue streams: membership dues, training programs, certification services, facility rental, and conference/event fees. Its training catalog spans foundational treasury courses, securities trading simulation, AML compliance (delivered with Refinitiv), interest rate derivatives (delivered with Bloomberg), and the ACI Dealing Certificate. The association also provides market research, advocacy, and member facility services, and operates as a convening body between dealers and regulators including SEC, DMO, CSCS, NGX, and FMDQ Group. Its brand is anchored by the motto "Our Word is Our Bond," and its stated vision is to be the leading financial market association driving advocacy, market development, professionalism, and capacity development for stakeholders.
FMDA's business model is that of a member-funded industry association: corporate members (banks, financial institutions, regulators) pay dues, while training and certification generate fee-based, transactional revenue at per-course price points ranging from N145,500 to N1,990,500. FMD operates with no proprietary technology stack and no disclosed AI/ML capabilities; its differentiation rests on institutional standing, partnership-validated content, and convening power within Nigeria's dealer ecosystem.
Financial Markets Dealers Association firmographics
Firmographics- Name
- Financial Markets Dealers Association
- Legal name
- Financial Markets Dealers Association of Nigeria (FMDA)
- Website
- https://fmda.com.ng
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Financial Markets Dealers Association (FMDA) is Nigeria's self-regulatory industry association for financial market dealers, providing training, certification, advocacy, and facility services to banks, financial institutions, and treasury professionals across Nigeria.
- Ownership category
- akta.pro rank
Financial Markets Dealers Association industry classification
Industry- Product category
- Financial Markets Self-Regulatory Association
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Services-Membership Organizations (8600)
- akta.pro primary industry
- Finance, Accounting & Risk (CFA/CPA/FRM) Certifications (EDAAANAD)
- akta.pro secondary industries
- Financial Compliance & Regulatory (AML/KYC, Sanctions, Market Conduct) (EDABAJAG), Project, Quality & Operations (PMP PDUs, Six Sigma, Quality CE) (EDAAALAM)
Keywords
Where Financial Markets Dealers Association is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
Financial Markets Dealers Association business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Membership Dues: Corporate and individual membership fees from financial institutions and professionals in Nigeria's treasury and financial markets sector.
- Training Programs: Fee-based training courses including Treasury Management, Asset and Liability Management, Fixed Income & FX Trading, and specialized workshops offered to members and non-members.
- Certification Services: Treasury Management Certification programs at Basic, Intermediate, and Advanced levels generating certification fees.
- Facility Rental: Auditorium, seminar rooms, executive meeting rooms, and event spaces available for hire at Moneymart Centre, Victoria Island, Lagos.
- Conference and Event Fees: Annual Financial Markets Conference and specialized seminars with registration fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard Training Courses (Members/Non-members) |
| Unit Pricing | Pay-as-you-go | Advanced Residential Training |
| Unit Pricing | Pay-as-you-go | International Certification |
| Unit Pricing | Pay-as-you-go | Fixed Income & FX Trading Simulation |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
Financial Markets Dealers Association product offering
Product offeringCore offering
FMDA is Nigeria's self-regulatory association for financial market dealers that delivers professional certification programs (Treasury Management Certification at Basic, Intermediate, and Advanced levels, plus the ACI Dealing Certificate), fee-based training courses (Fixed Income & FX Trading Simulation, Asset and Liability Management, Treasury & Cash Management, Interest Rate Derivatives), weekly and monthly market research publications, advocacy services, and rented training facilities at Moneymart Centre, Victoria Island, Lagos. Membership is offered to both corporate institutions and individual professionals across Nigeria's banking and financial markets ecosystem.
Product overview
The Financial Markets Dealers Association (FMDA) of Nigeria is a self-regulatory body for financial market professionals that offers a portfolio of services organized around five core areas: (1) Training and Certification Programs including Treasury Management Certification at Basic, Intermediate, and Advanced levels, along with specialized workshops on Fixed Income Derivatives, Interest Rate Derivatives, and ACI Dealing Certificate; (2) Market Research and Reports providing weekly, monthly, and quarterly analytical coverage of Treasury Bills, monetary statistics, inflation forecasts, and capital importation data; (3) Advocacy Services for policy advocacy, sound market practice promotion, and market deepening; (4) Facility Management offering professional conference and training facilities for hire; and (5) Webinars and Seminars covering economic outlook, corporate bonds, and compliance topics. The association also provides membership services for both corporate institutions and individual professionals.
Differentiator
Problem solved
Functional benefit
Products and services
- Training and Certification Programs Professional development programs for treasury and financial market professionals in Nigeria, including the Treasury Management Certification (Basic, Intermediate, and Advanced modules), ACI Dealing Certificate Workshop, Asset and Liability Management, Fixed Income & FX Trading Simulation, Fixed Income Derivatives Workshop, Interest Rate Derivatives Training, and Treasury & Cash Management courses. Delivered in virtual, in-person, and residential formats to members and non-members.
- Market Research and Reports
- Facility Management and Rental
- Webinars and Seminars
- Corporate and Individual Membership
Companies that use Financial Markets Dealers Association
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles1 record
Financial Markets Dealers Association technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Financial Markets Dealers Association partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Securities and Exchange Commission (SEC)coreSEC Director General Lamido Yuguda participated in the DMO Engagement Meeting with PDMMs and Capital Markets Stakeholders organized by FMDA, demonstrating regulatory collaboration and market oversight engagement.
- Central Securities Clearing System Plc (CSCS)coreCSCS Managing Director/CEO Haruna Jalo-Waziri participated in FMDA's DMO Engagement Meeting, contributing to discussions on capital markets infrastructure and clearing system developments.
- Nigerian Exchange Limited (NGX)coreNGX CEO Temi Popoola participated in FMDA's stakeholder engagement meeting, discussing exchange operations and market development initiatives.
- RefinitivcoreRefinitiv collaborated with FMDA to deliver a two-day virtual AML (Anti-Money Laundering) workshop titled 'Spotlight on Nigeria.' The workshop covered CFT & proliferation trends, global PEP oversight, cybercrime, and digital onboarding. Refinitiv provided subject matter experts and content for the compliance training program.
- Debt Management Office (DMO)coreDMO Director General Ms. Patience Oniha delivered the keynote address at FMDA's Bonds Workgroup webinar on 'Growing a Liquid Market for Corporate Bonds.' The DMO collaborates with FMDA on market development initiatives and stakeholder engagement.
- FMDQ GroupcoreFMDQ Group CEO Bola Onadele Koko presented at FMDA's Bonds Workgroup webinar, discussing market development and the role of stakeholders in growing liquidity for corporate bonds.
- Access Bank PlcminorAccess Bank hosted the September 2019 Quarterly Meeting of the FMDA, demonstrating support for FMDA's regular industry gatherings and professional networking events.
- BloombergcoreFMDA collaborates with Bloomberg to organize market development training programs. Bloomberg provides content expertise and market development support for interest rate derivatives training workshops held at FMDA's Moneymart Centre. The partnership aims to develop human capital within Nigeria's financial markets through international-standard training.
Scale indicators2 records
Recent moves7 records
Expansion highlights5 records
Financial Markets Dealers Association competitors and assessment
Company assessmentBroad incumbents
- Association for Financial Markets in Europe (AFME): European trade association for wholesale financial markets. Comparable role to FMDA in advocacy, training, and capacity building for dealers, though broader in scope and serving a different (European) market.
- Securities Industry and Financial Markets Association (SIFMA): US-based trade association representing securities firms, banks, and asset managers. Comparable as a large-scale financial markets industry association offering training, certification, advocacy, and market intelligence, though US-focused and broader in scope.
- Global Financial Markets Association (GFMA): Global trade association uniting regional financial markets bodies (SIFMA, AFME, ASIFMA). Comparable as a global convener for financial market dealers, though at a higher umbrella level rather than a single-country self-regulatory body.
Direct peers
- ACI Financial Markets Association: Global self-regulatory trade association for wholesale financial market dealers, offering the ACI Dealing Certificate. FMDA is an ACI partner and offers the same certification in Nigeria, making it the closest direct international peer.
- Chartered Institute of Bankers of Nigeria (CIBN): Nigeria's primary professional body for bankers, providing professional certification, training, and advocacy. Comparable to FMDA in its role as a self-regulatory membership body serving Nigeria's financial sector with similar certification offerings.
- FMDQ Group: Nigerian financial market infrastructure operator (exchange, OTC, data). Partners with FMDA on Bonds Workgroup and market development; serves overlapping stakeholder community of dealers and institutions in Nigeria's fixed income and FX markets.
- Association of Corporate Treasurers (ACT): UK-based international professional body for treasury professionals, offering certification and training. Direct comparable to FMDA's Treasury Management Certification track and treasury-focused educational programs.
Regional players
- South African Institute of Financial Markets (SAIFM): Africa's most established financial markets training and certification body, offering ACI-aligned programs in South Africa. Regional peer covering wholesale financial markets professional development, serving institutional dealers in a more mature market.
- Asian Securities Industry & Financial Markets Association (ASIFMA): Asia-based trade association for financial market participants. Comparable in industry association role and dealer-focused advocacy, though geographically focused on Asia-Pacific markets.
Others
- Nigerian Exchange Limited (NGX): Operator of Nigeria's stock exchange. Strategic partner of FMDA serving overlapping stakeholders in capital markets, but operates as a marketplace rather than a member-driven certification and advocacy body.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Financial Markets Dealers Association social profiles
Digital presenceFinancial Markets Dealers Association financial estimates
Financial estimateRevenue estimate
Valuation estimate
Financial Markets Dealers Association leadership team
Management profileNumber of profiles
Profiles2 records
Financial Markets Dealers Association funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Financial Markets Dealers Association M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Financial Markets Dealers Association
What does Financial Markets Dealers Association do?
FMDA is Nigeria's self-regulatory association for financial market dealers that delivers professional certification programs (Treasury Management Certification at Basic, Intermediate, and Advanced levels, plus the ACI Dealing Certificate), fee-based training courses (Fixed Income & FX Trading Simulation, Asset and Liability Management, Treasury & Cash Management, Interest Rate Derivatives), weekly and monthly market research publications, advocacy services, and rented training facilities at Moneymart Centre, Victoria Island, Lagos. Membership is offered to both corporate institutions and individual professionals across Nigeria's banking and financial markets ecosystem.
Is Financial Markets Dealers Association a public or private company?
Financial Markets Dealers Association is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Financial Markets Dealers Association founded?
Financial Markets Dealers Association was founded in 1989. It employs 11 to 50 people.
Where is Financial Markets Dealers Association based?
Financial Markets Dealers Association is headquartered in Lagos, Nigeria, in the Africa region.
How does Financial Markets Dealers Association make money?
Five revenue lines are on record. Membership Dues are the primary driver. The others are training Programs, certification Services, facility Rental and conference and Event Fees.
Who are Financial Markets Dealers Association's main competitors?
Broad incumbents on record are Association for Financial Markets in Europe (AFME), Securities Industry and Financial Markets Association (SIFMA) and Global Financial Markets Association (GFMA). Direct peers are ACI Financial Markets Association, Chartered Institute of Bankers of Nigeria (CIBN), FMDQ Group and Association of Corporate Treasurers (ACT). Regional players are South African Institute of Financial Markets (SAIFM) and Asian Securities Industry & Financial Markets Association (ASIFMA). Nigerian Exchange Limited (NGX) is listed as an others.
Does Financial Markets Dealers Association have an API?
No public API is recorded for Financial Markets Dealers Association.
What industry is Financial Markets Dealers Association in?
Financial Markets Dealers Association's product category is Financial Markets Self-Regulatory Association. Its primary akta.pro industry code is EDAAANAD, Finance, Accounting & Risk (CFA/CPA/FRM) Certifications, with a secondary code of EDABAJAG, Financial Compliance & Regulatory (AML/KYC, Sanctions, Market Conduct). Its NAICS code is 523 and its SIC code is 8600.