Debt Management Office Says Subscriptions For FGN Bonds Rose From N100 Million To Over N1 Billion In Months- Nigeria.

The Debt Management Office (DMO) stated that subscription to FGN savings bonds has increased from about N100 million to over N1 billion in the last few months.

This was said in an interview with the News Agency of Nigeria (NAN) on Tuesday in Ibadan by Mr. Monday Usiade, Director, Business Development Department of the DMO.
The DMO urged more Nigerians to invest in the various Federal Government securities to diversify their investment portfolios. The DMO stated that it is specifically targeting retail investors.

What the DMO is saying
Usiade asserted that it was incorrect to assume that the DMBs and their partner stockbroking firms were in direct rivalry with the DMO.
Usiade claimed that the awareness campaign was a component of DMO’s market expansion effort.
He said, “We are taking awareness about advantages of fixed-income investment, and we are specifically targeting the retail investors.

-NAIRAMETRICS.