Nigeria: 'Nigeria Must Grow Reserves to Woo Foreign Investors'

Comercio Partners Limited, an investment and financial advisory company has disclosed that to stimulate activities in the financial market, the country needs to keep growing to attract participation from foreign investors in the fixed income and equities' space.

This was disclosed during a media briefing that had the firm's three Co-Managing Partners in attendance to commemorate the company's fifth anniversary.

The Co-Managing Partner/Head, Trading, Mr. Nnamdi Nwizu, while responding to a question on how to stimulate activities in the financial market, said: "I think we need to keep growing our external reserves again...

"So if we want rates to come back again in the fixed income space to lower levels, which will make it more affordable for corporate investors to come back and start issuing securities again... "

The Co-Managing Partner/ Head, Investment, Tosin Osunkoya, disclosed plans to secure either a commercial or merchant banking licence in the next three years.

"We are looking beyond 2021. The targets we set for ourselves for the next five years is for Comercio Partners to be a one-stop-shop."

MD/CEO, Comercio Partners Capital, Steve Osho, said the company would continue to unfold initiatives to impact its host communities.

"We participated in a crowd-funding company to provide food items, house equipment and materials for the less privileged in the society."

More From: Daily Trust

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

X