NSE seeks increased liquidity in fixed income securities

The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional and retail investors to continue to access increased liquidity in fixed income securities.

Speaking at a webinar at the weekend, the Chief Executive Officer (CEO), NSE, Oscar Onyema, said with a market capitalization of about N16.4 trillion, the Exchange would continue to be the foremost platform creating new types of debt instruments in Nigeria.

He said “The Exchange continues to be the foremost platform creating new types of debt instruments in Nigeria with a market capitalization of about N16.4trillion. By offering capital raising opportunities and secondary trading to all classes of issuers including sovereign, sub-national, corporate and supra-national bonds,

“The Exchange facilitates the interaction between borrowers and lenders in Nigeria driving efficient allocation of capital. With fixed income markets representing one of the largest subset of global financial markets, NSE reiterates its commitment to providing a hybrid market for dealers as well as institutional and retail investors to continue to access increased liquidity in fixed income securities,” he said.

The Director-General, Debt Management Office (DMO), Ms. Patience Oniha, expressed delight partnering with the NSE, adding that: “While we have always had the money market and the capital market, the fixed income market has also grown to become active today with capital raising from government, corporate and multilaterals.

“This shows that our market is capable of attracting both domestic and international players for the overall good of the economy. In meeting our objectives to finance the budget and deepen capital market activity, we remain committed to using the fixed income platform to support various aspects of the economy.

“We will also remain responsive to investors’ needs for portfolio diversification by expanding our fixed income market with more sophisticated debt instruments.”
Equity Analyst, CSL Stockbrokers, Olakayode Olayemi, highlighted the investment opportunities and benefits available for investors in the NSE debt market.

He said the Exchange would continue to deliver on its mandate to not only provide the Nigerian economy with a reliable, multi-asset hub, but also facilitate financial literacy programmes that help investors gain an in-depth understanding of opportunities in various asset classes.

Through frequent communications across its touch points and engagements such as this webinar, the Exchange is working assiduously to ensure that investors understand the characteristics of various securities and how they are issued or traded to maximize their benefits.

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