NSE, DMO, others list benefits of fixed income market

The Nigerian Stock Exchange has held a two-day webinar on fixed income in line with its commitment to further enhance the capacity of capital market players across available asset classes,

The webinar, held in partnership with the Debt Management Office and CSL Stockbrokers, on Thursday focused on dealing firms and the investing public.

Speaking at the webinar, the Chief Executive Officer of NSE, Oscar Onyema, stated, “The exchange continues to be the foremost platform creating new types of debt instruments in Nigeria with a market capitalization of about N16.4tn.”

According to him, by offering capital raising opportunities and secondary trading to all classes of issuers including sovereign, subnational, corporates and supra-national bonds, the NSE 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, the NSE 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.

On her part, the DMO Director General, Patience Oniha, expressed her delight to partner NSE on the webinar saying, “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, corporates and multilateral.”

She noted further; “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 at the finance, budget and deepen capital market activity, we remain committed to using the fixed income platform to support various aspects of the economy.”

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