Debt Management Office trains Journalists on financial markets

DMO Director-General, Patience Oniha

Financial and business reporters of various media organisations in Abuja, were on Thursday taken through a one-day training on the activities of the fixed income and securities market.

The Director-General, Debt Management Office (DMO), Ms Patience Oniha, in her opening remarks said the training was organised to give the journalists a better understanding of the financial markets and its products.

She advised the participants to take to heart the knowledge acquired and put it to proper use.

“Whatever knowledge and skill you acquire helps you with whatever you are doing presently, but in reality it resides within you and can always apply and deploy it wherever you may be.

“What we have done with this programme is about understanding financial products and markets.

“The reason being that it is the market the DMO operates in, so you need to understand that market to be able to analyse what goes on and the things we do so you can do more in-depth analysis of our activities,” the Director General explained.

Oniha said that the training was carried out in collaboration with the Financial Market Dealers Association (FMDA), formerly known as the Money Market Association.

According to her, the body, a professional association, began operations many years ago as an umbrella body where treasurers of banks meet, discuss and agree on practices.

She added that it was very well recognised by the Central Bank of Nigeria (CBN), and covered all products and dealers of the financial market.

The training covered issues relating to fixed income securities and the role of the Federal Government securities in the domestic market.

Participants at the training said it had enabled them get a better understanding of products obtainable at the financial markets and would relay the knowledge gained through better reportage of its activities.

Peace PIAK