Parthian Capital Launches Funds to Strengthen Nigeria’s Investment Market
Parthian Capital has launched two investment funds: the Parthian Money Market Fund and the Parthian Dollar Fund. These funds are designed to provide high-yield investment opportunities in Nigeria’s volatile interest rate environment. The SEC and NGX have confirmed full regulatory compliance for the funds, which will be listed on the Nigerian Exchange.
Parthian Capital has launched two new investment funds, namely the Parthian Money Market Fund and the Parthian Dollar Fund, enhancing its role in Nigeria’s financial market while aiming to align with the federal government’s aspiration for a $1 trillion economy. These funds present diversified and high-yield investment opportunities, particularly in a fluctuating interest rate environment.
During the launch, the Chief Executive Officer of Parthian Partners emphasized the significance of these funds for capital formation, stating that “Parthian Capital launching two funds today is a testament to the company’s growth and its contribution toward achieving President Bola Tinubu’s vision of a $1 trillion economy. We firmly believe that capital formation is essential for building a strong economy…” He noted that the Money Market Fund serves as a secure investment option with higher yields, given the current interest rates ranging between 20 to 23 percent, which are expected to stay elevated for an extended period.
Addressing external factors, Olusoga pointed out that global macroeconomic trends, including tariffs by the U.S. and retaliatory measures from countries like Canada and China, could lead to inflationary pressures affecting global interest rates. He expressed skepticism about a substantial decrease in interest rates soon: “I don’t see interest rates dropping significantly in the near future…”
The newly launched funds have received endorsements from representatives of both the Securities and Exchange Commission (SEC) and Nigerian Exchange (NGX). John Briggs, the Lagos Head at the SEC, stated, “I want to reconfirm that two funds have been lodged with the Commission…the approval was granted based on a thorough regulatory review.”
Femi Shobanjo, Chief Executive Officer of NGX Regulation Limited, also confirmed that the funds will be listed on NGX, further solidifying their integration into Nigeria’s capital markets. He remarked, “The two funds being launched today are in the process of being listed, further strengthening their connection to our ecosystem.”
In conclusion, Parthian Capital’s launch of the Parthian Money Market Fund and Parthian Dollar Fund reflects a strategic move to enhance Nigeria’s investment landscape while supporting the government’s economic ambitions. The funds aim to provide secure and high-yield investment opportunities amidst a challenging interest rate environment. Regulatory approvals from the SEC and upcoming listings on NGX underline the credibility and potential impact of these initiatives. Together, these efforts signify a commitment to foster capital formation and drive market innovation in Nigeria.
Original Source: www.thisdaylive.com
