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  • Business - Economy
  • Updated: March 28, 2022

FG Securities Guarantees Decent Return On Investment - Stockbroker

An Abuja-based stockbroker, Kayode Olayemi, has urged Nigerians to invest in Federal Government of Nigeria (FGN) securities, to guarantee a decent return on their investments.

Olayemi, who is the Head, of Business Development, CSL Stockbrokers Limited, said this on Monday, in Abuja.

He said the FGN securities were a benchmark for other private institutions to issue securities, so as to enhance savings and investment opportunities for citizens.

“The existence of securities serves as a benchmark for other private institutions to be able to issue their securities.

“You invest your funds and have the assurance that you will get your return on investment.

“It also attracts foreign investment into the domestic financial market, to refinance maturing domestic debts and to diversify sources of funding for the federal government,’’ Olayemi said.

The stockbroker said that the FGN securities were risk-free by default, as they enjoyed the backing of the Nigerian state, and came with several other investment incentives.

“They are backed by the full faith of and credit of the FGN.

“You can use them as collateral to obtain loans from banks and other financial institutions and they diversify investment portfolios,’’ he said.

Olayemi said the FGN securities were also tradable on the stock market and guaranteed steady income to investors, as interest is paid every three to six months.

He cited the existing FGN securities to include FGN Bonds, FGN Savings Bonds, FGN Eurobond, FGN Sovereign Sukuk and FGN Green Bond.

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Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

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