Awareness on FGN securities yielding positive result – Stockbroker
A stockbroker, Ifeoma Ukwunna, says the series of awareness programmes on FGN securities organised by the Debt Management Office (DMO) and CSL Stockbrokers Limited is yielding positive results.
Ukwunna, who is the Lead, Retail Business at CSL said this on Thursday in Umuahia, the Abia State capital.
She spoke on the sidelines of the ongoing FGN Securities Issuance Awareness Programme in the city.
The awareness programme, which was first held in Lagos in March, had also held in Enugu, Ibadan, Kano and Yola.
According to Ukwunna, the feedback has been encouraging as retail investors have been showing increasing interest in the security instruments, resulting to increase in the volume of investment.
“This is the sixth in the series, and the feedback has been very encouraging. We have seen more retail investors subscribe to some of the instruments, which were hitherto, the reserve of high-net as well as foreign investors.
“The awareness programmes have opened the door for many more Nigerians to participate, and we are seeing a movement from hundreds of millions of Naira investments to over one billion Naira,’’ she said.
According to her, the need to cover as many parts of Nigeria as possible informed the locations that have been chosen for the programme.
She, however, said that the choice of Umuahia was informed by the huge volume of business that takes place within the axis.
“The idea is to reach all regions of the country, but Umuahia is known as a commercial centre.
“We want to reach the business people and let them know that it is advisable to diversify their investments, that there are other investment opportunities that reduce the risk of loss of capital,’’ she said.