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13 Firms To Manage Govt Bonds - Investment - Nairaland

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13 Firms To Manage Govt Bonds by postbox: 7:05am On Aug 10, 2018
The Debt Management Office (DMO) from the presidency has appointed 13 financial institutions to play the role of primary dealers and market makers in respect of the Federal Government of Nigeria’s bonds.


The financial institutions selected comprised of 10 banks. Bonds are securities issued by the Federal or state governments to raise long-term funds from the capital market for developmental projects. This has taken effect from August 1, 2018.

The 10 banks appointed are:

Access Bank Plc
Citibank Nigeria Ltd
Coronation Merchant Bank Ltd
Ecobank Nigeria Ltd
FBNQuest Merchant Bank Ltd
First Bank of Nigeria Ltd
First City Monument Bank Plc
FSDH Merchant Bank Ltd
Guaranty Trust Bank Plc
Stanbic IBTC Bank Plc
Standard Chartered Bank Nigeria Ltd
United Bank for Africa Plc
Zenith Bank Plc.


SOURCE: https://brandspurng.com/13-firms-to-manage-govt-bonds/

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