Parthian Capital has launched two new investment funds, the Parthian Money Market Fund and the Parthian Dollar Fund, to enhance Nigeria’s financial markets. The funds aim to support the federal government’s $1 trillion economy vision and provide high-yield investment options amidst fluctuating interest rates. Regulatory authorities have confirmed compliance and both funds will be listed on the Nigerian Exchange.
Parthian Capital has recently launched two investment funds aimed at enhancing Nigeria’s financial landscape while supporting the federal government’s ambition of achieving a $1 trillion economy. The newly established Parthian Money Market Fund and Parthian Dollar Fund provide investors with diverse, high-yield opportunities amid the challenges posed by fluctuating interest rates.
During the launch event, Olusoga, the Chief Executive Officer of Parthian Partners, emphasized the vital role these funds play in promoting capital formation. He stated, “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.”
Olusoga expressed confidence in the money market fund’s potential for providing a secure investment option with appealing yields, especially in light of the current interest rate spikes ranging between 20% to 23%. He projected that these elevated yields are likely to persist in the foreseeable future.
Additionally, he commented on broader global economic factors impacting investment approaches. He remarked, “The tariffs imposed by the U.S. and the countermeasures from Canada and China will have inflationary consequences worldwide. I don’t see interest rates dropping significantly in the near future.”
Representatives from the Securities and Exchange Commission (SEC) and the Nigerian Exchange (NGX) confirmed that both funds have passed thorough regulatory assessments. John Briggs, SEC’s Lagos Head, affirmed, “The approval granted was based on a thorough regulatory review, which was followed diligently before the final approval was issued.”
Femi Shobanjo, Chief Executive Officer of NGX Regulation Limited, highlighted that the funds will be listed on NGX, which will strengthen their integration into Nigeria’s capital markets. He noted, “The two funds being launched today are in the process of being listed, further strengthening their connection to our ecosystem.”
In summary, Parthian Capital’s introduction of the Parthian Money Market Fund and Parthian Dollar Fund reflects its commitment to enhancing Nigeria’s investment landscape. These funds not only align with national economic goals but also address the challenges posed by the current interest rate environment. With regulatory approval secured and support from key financial institutions, the funds are poised to contribute significantly to capital formation and market innovation in Nigeria.
Original Source: www.thisdaylive.com
