• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

FGN securities aids national development, says DMO

DMO

The Matters Press by The Matters Press
May 19, 2023
Reading Time: 2 mins read
0
DMO raises N615bn Sukuk fund for roads

Benin, May 18, 2023:The Debt Management Office (DMO) says investment in Federal Government of Nigeria (FGN) Securities is a way of contributing to national development.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

The Director-General of the DMO, Patience Oniha, said this on Thursday at the FGN Securities Issuance Awareness Programme in Benin, Edo State.

The awareness programme is a collaborative effort between the DMO and CSL Stockbrokers Limited, the stockbroking firm for the Federal Government.

According to Oniha, who was represented by Elizabeth Ekpenyong, Head Strategic Programme DMO, the success of the awareness programme so far encouraged the DMO to take it further across the country.

She said that investing in FGN Securities was the safest place for Nigerians to grow their investments.

“The safest place to grow your investment is through the FGN Securities. They help to fastrack national development, ” she said.

She said that the various FGN security instruments, which constitute the local component of country’s public debt, also contributes to developing the local financial market and deepening financial inclusion.

“The federal government has various investment platforms like the FGN Bond, FGN Savings Bond, Treasury Bills, the Green Bond, the Sovereign Sukuk and Eurobond.

“One function of these FGN Securities is to raise capital to finance deficits in the budget, and also to raise funds to execute critical infrastructure projects.

“FGN Securities also contribute to the development of the domestic capital market, and they they serve as a benchmark for other private institutions to issue their own securities.

“They are backed by full faith and credit of the Federal Government of Nigeria, and are default risk-free,” she said.

Mr Abiodun Fagbulu, Managing Director, CSL Stockbrokers Limited, FGN Securities are designed to accommodate all categories of Nigerians.

Fagbulu, who was represented by Mrs Foluke Samuel, Lead Sales, Northern Region, CSL Stockbrokers Limited, said that government securities also enhanced the saving and investment opportunities of the populace.

He described FGN Securities as financial instruments issued by the DMO on behalf of the Federal Government.

“They are mostly fixed-income securities under which the government is obliged to make payments of a fixed amount on a fixed schedule, once or twice a year, and repay the principal amount on maturity.

“Investors in fixed-income securities are, therefore, guaranteed a constant and secure return on their investments,” he said.

Tags: DMO
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
PENCOM launches radio programme

PenCom recovers N24.53bn pension contributions from defaulters

Make cash accessible, remove obstacles —stakeholders plead

Federal, states, Councils share N655.932bn for April

Recommended Stories

Strike puts Nigeria in darkness

Minister seeks support of engineers to achieve stable electricity supply

October 8, 2023
Central Bank, MTN resolve crisis

MTN lauds NGX for democratising access to securities

February 1, 2023
Tobacco, nicotine industry tactics addict youth for life – WHO

Tobacco, nicotine industry tactics addict youth for life – WHO

May 24, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us