Stanbic IBTC Stockbrokers collaborates with NSE on Retail-Bond
In a bid to promote and plot effective strategies to exploit the huge benefits from the retail bond segment of the Nigerian economy, Stanbic IBTC Stockbrokers Limited, a member of the internationally recognised financial brand, Stanbic IBTC Group, in conjunction with the Nigerian Stock Exchange (NSE), held a workshop in Lagos recently.
The seminar which was graced by the major players in the capital market including stockbrokers, dealers, investors, economic analysts and the Central Securities Clearing System Plc (CSCS) brought to the fore-light extensive issues concerning retail bonds, the problems associated with the misuse of the bonds and how the bonds can be effectively rectified especially with the current economic status of Nigeria.
Speaking at the event, Mr Oladele Sotubo, CEO, Stanbic IBTC Stockbrokers Limited, said the revamping and positioning of Nigeria’s bond market into a vibrant investment window requires the cooperation of all stakeholders. He also re-echoed the organisation’s commitment to facilitating stability and growth of the Nigerian capital market, via confidence-building initiatives and utilisation of investment opportunities in the market.
In Sotubo’s words, “A major objective in organising this workshop is to enlighten investors and stakeholders on the workings of the bond market and the numerous benefits in investing in retail bonds in particular.
“We believe the forum will help in boosting retail investors’ participation in both the primary and secondary markets, and ultimately, help to deepen Nigeria’s bond market.”
Also speaking at the event, Dipo Omotoso, the head of product management at the Nigerian Stock Exchange, who represented the Chief Executive Officer of the Exchange, highlighted some of the measures that have been taken to strengthen the capital market, which includes its derivatives.He described the investment opportunities in the capital market and Nigeria’s economy as huge, and urged investors to become more active in the retail bonds segment.
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