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Title: Towards developing a vibrant bonds market in Nigeria
Authors: Odoko, F.O
Keywords: Bond market
Treasury bonds
Corporate bonds
Macroeconomic stability
Issue Date: Mar-2002
Publisher: Central Bank of Nigeria, Research Department.
Citation: Odoko, F.O, (2002). Towards developing a vibrant bonds market in Nigeria. Economic and Financial Review, 40(1), 1-24.
Series/Report no.: Vol. 40;No.1
Abstract: Sustained long-term economic growth development requires investment which, in turn, is dependent on long-term finance. However, the bulk of finance available in Nigeria has been short-term bank finance. Finance from the capital market, though rising, has been low. The paper reviews the performance of a segment of the capital market, the bonds market, in order to understand its poor performance and put forward suggestions for its revitalization. Macroeconomic as well as structural factors have been responsible for the poor performance. The major suggestions for revitalizing the market are improvement in macroeconomic environment, structural and institutional reforms, including providing rediscounting facilities, enhancing government patronage, rating of bonds and improving surveillance of market operators.
ISSN: 1957 - 2968
Appears in Collections:Economic and Financial Review

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