Banks, stockbroking firms are our partners in progress – DMO

Written by on June 22, 2022

The Debt Management Office (DMO) says Deposit Money Banks (DMBs) and Stockbroking firms are integral to delivering its national mandate of debt management.

Mr Monday Usiade, Director, Business Development Department of the DMO, said this in an interview with the journalists on Tuesday in Ibadan.

He spoke against the backdrop of the the Federal Government Securities Issuance Awareness programme being organised by the DMO and CSL Stockbrokers Limited in different parts of the country.

Usiade said that the impression that the DMO and its partner stockbroking firms were in competition with the DMBs was not correct.

Usiade said that the awareness programme was part of DMO’s market development initiative.

He added that the response had been encouraging, adding that there is a gradual increase in investment in the FGN savings bond, which was specifically designed for the retail investors.

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