SEC says capital market can fund the government
The Securities and Exchange Commission (SEC) has reaffirmed the capital market’s ability to fund the government’s development objectives by providing the required infrastructure. Mr Lamido Yuguda, the Director-General of the Commission, revealed this when a team from the Nigerian Economic Summit Group (NESG) visited him, according to a statement released by the SEC management. Yuguda […]
Retail investors with as low as N5,000 can now invest in FG Bonds
Retail investors can now purchase FG Bonds for as little as N5,000 thanks to the FGN bond’s design by the Debt Management Office, which caters to inexperienced, retail investors.
This was disclosed Mr Abiodun Fagbohun, the Chief Executive Officer of a stockbroking firm, who stated that the current arrangement was a departure from the past, according to the News Agency of Nigeria.
FGN products were historically used by organizations like banks and pension fund administrators. Now, the Federal Government Securities Issuance Awareness Program, which is being run by DMO and CSL Stockbrokers Limited in different parts of the nation, encourages more Nigerians to diversify their investment portfolios by purchasing different Federal Government securities
