Proshare, Nigerian's foremost financial information and analyst platform, recently announced its partnership with Dunn Loren Merrifield, the highly regarded full-service investment house with a global focus, to
deliver a strategic and investor engaging information service for the Nigerian Bond Market.
Identifying the huge service and information gap in this economic sector andthe urgent need for hands-on professionals to conduct effective operations, the company finds as undeniably glaring that the bond market in its virgin state compared to the equity market, has not earned enough reportage or necessary exposure that it deserves for investors to engage.
The objective of the engagement therefore are to:
* Create a platform backed by veritable professional competence and market savvy - the provision of daily/weekly/periodical data and market performance information on the Nigerian bond market to a discerning public as a way of bringing attention to and focusing on the key activities in the market - for onward reporting by the media pack to the target audiences.
* Deliver an informed analyst opinion and commentary on developments in the bond market to regulators, government and the investing public with a view to increasing the rigor that goes into decision making related to the bond market and the viability of the market; and
* Maintain the discerning pedigree of this market by ensuring that the participants are able to engage for wealth building in a structured, informed and professional manner through the structured platforms put in place.
The company stressed that the service is primarily positioned as a complement to the investment market in such a way as to enhance the activities of the Nigerian capital market to support a competitive platform for both the equity and bond markets respectively leaving the investor to make intelligent decisions based on their own realities.
In a statement made by the partnership coordinator from 'Dunn Loren Merrifield'; Mr. Tola Odukoya, "This market is hinged on the propeller ofthe Federal Government through the provision of its monthly bond auctions, therefore investors are assured of their periodic interest payments and principal at maturity date. Also, a liquid secondary market exists for investors who want to buy and sell their securities in line with their
respective investment decisions."
Speaking in the same vein, Mr. Taiwo Ologbon- Ori; Senior Analyst, Proshare Nigeria said that, 'this partnership reaffirms the core for the existence of Proshare as an independent platform dedicated to identify world class competence and capacity in the local market and yielding its platform to intelligent sources of data, analysis and service capabilities that would aid the business of investment in the Nigerian Capital Market.
He goes on to add, “I rest assured that both firms will work together to use this
platform as a means of creating awareness, understanding and education to the investing public with respect to the workings of the Bond market in Nigeria, most especially the development of the corporate bond market..
The infusion of the new Bond Market Portal, has necessitated some adjustments to the proshare website which will equally reflect some other local and international partnerships that have been signed on, reflecting our flexibility and adaptability to a changing market place where competence aggregation offers a more inclusive approach to restoring market confidence.