DMO reappoints Stanbic IBTC Stockbrokers as government stockbroker

Debt Management Office (DMO) has reappointed Stanbic IBTC Stockbrokers as the government stockbroker to the Federal Government of Nigeria.

The firm said its reappointment underscores its unwavering commitment to excellence; consistency in delivering superior service; and profound expertise in the capital market.

As the Government Stockbroker, the firm will continue to play a critical role in ensuring smooth debt issuances, market operations, enhancing market liquidity, and supporting the DMO’s strategic objectives.

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The reappointment is not merely a renewal of status but a strong vote of confidence in Stanbic IBTC Stockbrokers’ capacity to support the Federal Government in the retail segment of the domestic debt market.

This role is critical for maintaining investor confidence and ensuring effective monetary policy implementation through seamless bond auctions and sales. The firm’s team of seasoned professionals brings a wealth of experience, leveraging deep market insights and strong analytical capabilities to deliver exceptional outcomes.

Bunmi Olarinoye, Chief Executive, Stanbic IBTC Stockbrokers, expressed her delight over the reappointment, stating: “We are honoured by this recognition and reappointment by the DMO. With this appointment, we are reassured of the confidence placed in our competence, integrity, and dedication to supporting Nigeria’s financial markets. As the Government Stockbroker, we remain committed to delivering excellence and contributing to the growth of our economy.”

With this reappointment, Stanbic IBTC Stockbrokers reaffirms its leadership position in the capital market.

The reappointment also highlights Stanbic IBTC Stockbrokers’ alignment with Nigeria’s broader economic agenda. The firm’s role is crucial in facilitating access to capital, helping the government raise funds to finance infrastructure projects, and contributing to national development.

Stanbic IBTC Stockbrokers has built a legacy of trust, demonstrating robust performance in both equity and fixed-income markets. With a market-leading position and a reputation for executing complex transactions seamlessly, the firm has consistently provided liquidity, transparency, and stability to Nigeria’s capital market.

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Beyond its core mandate, Stanbic IBTC Stockbrokers has contributed significantly to market development initiatives. The firm actively supports financial literacy, promotes retail investor participation, and engages in initiatives that enhance market depth and sophistication.