L
LequteMan
Guest
The SEC Director-General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh,on Saturday said that market capitalisation of the domestic bond market hit N5.65 billion in 2013.
She said that the growth was as a result of increased interest by corporations and state governments in the bond market.
She said that state governments had issued bonds worth over N421 billion from 2010 to 2013.
"The amount of corporate bonds raised from 2010 to date is more than two and a half times all the bonds issued by corporations from 1960 to 2009."
She said that the Nigerian debt market was meeting up with the stock market, with domestic debt stock of over N12 trillion.
She said that the growth was as a result of increased interest by corporations and state governments in the bond market.
She said that state governments had issued bonds worth over N421 billion from 2010 to 2013.
"The amount of corporate bonds raised from 2010 to date is more than two and a half times all the bonds issued by corporations from 1960 to 2009."
She said that the Nigerian debt market was meeting up with the stock market, with domestic debt stock of over N12 trillion.