Investors Now To Trade Bond On Secondary Market - DMO
December 20, 2013 / leadership
Retail investors who are interested in the Federal Government Bond can now do that through the secondary market, with the appointment of Stanbic IBTC Stockbrokers to manage the bonds, the Director-General of Debt Management Office (DMO), Dr. Abraham Nwankwo, has said.
Nwankwo disclosed this at the presentation of Stanbic IBTC Stockbrokers to the Nigerian Stock Exchange(NSE), as government stockbrokers to its bonds.
He said, “Since 2003, we have been trying to develop the sovereign bond market in Nigeria and we have been taking various steps to do that.
Recently, JP Morgan included the Nigerian Bond market in its index. “That shows that in their independent assessment, our bonds market is growing, though we still have some more challenges to deal with, but it is appreciated all over the world that we are doing the best to develop the bond market.