Express Discount Limited Appointed Primary Dealer / Market Maker in Federal Government Bonds

   

The Debt Management Office (DMO) has given approval to Express Discount Limited (EDL) to perform the function of Primary Dealer / Market Marker in Federal Government Bonds. The approval was conveyed via a license issued to EDL on the 7^th of July 2006 at an impressive ceremony in Abuja .

The approval came after extensive review of the operations and technical ability of the company and its staff. EDL leveraged on its specialty as a Financial Services institution with expertise in trading government debt securities to get the approval.

 EDL has also put in place structures for customers to buy and sell FGN bonds via its online financial platform at www.expresson-line.com were investors can bid directly for any of the FGN bonds auctions. Investors can equally dispose the instruments (FGN Bonds) in the secondary market any time through EDL’s market making capability.

In a statement issued from the Bond desk of the company, the FGN Bonds provide solutions for an investor’s three most basic investment objectives i.e. steady returns on investment, capital growth and preservation. It provides a good means of diversification on portfolios. Coupon (Interest) paid to Bondholders is tax free, a major incentive over other taxable investment options. The FGN Bonds can be traded both on the Nigerian Stock Exchange and Over-The-Counter (OTC) thus making the investment very liquid.

To take advantage of these investment outlet contact the Bond Dealers via email

Wunmi  (shitta@expdisc.com)

            Bolaji (Bolaji@expdisc.com)

            Ihuoma (ukachi@expdisc.com)

the marketers team

Tunde (Babatunde@expdisc.com)

Nimi (nimi@expdisc.com)

Kemi (kemiorija@expdisc.com)

Or on telephone numbers +234 01 2641660-7,

+234 01 4707652,

+234 01 4711176,

+234 01 7745896

+234 01 4727889