Debt Management Office Nigeria
Request for Proposal for the Appointment of a Government Stockbroker
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria seeks to engage the services of a stockbroker to serve as the Government Stockbroker for Federal Government of Nigeria Securities (FGN Securities) listed (and to be listed) on the Nigerian Stock Exchange (NSE or the Exchange). The functions of the Government Stockbroker are listed below:
i. To ensure, at all times, that the FGN Securities included in the NSEs Official List are accurate.
ii. To engender and facilitate trading in FGN Securities on the Exchange, especially by retail investors by providing Bid and Ask Prices on the Exchange and acting as a Buyer and Seller of last resort where transaction counterparties are not available for trades.
iii. To submit reports to the DMO as may be required of activities in FGN Securities on the Exchange.
iv. To act as a liaison between the DMO, NSE, other Stockbrokers and any relevant stakeholder as may be required from time to time, as mandated by the DMO.
v. To perform any other functions relating to the promotion of active secondary market trading in FGN Securities on the Exchange as may be directed by the DMO.
Proposals are hereby invited from eligible organizations subject to the following qualifications:
a. Applicants must be members of The Nigerian Stock Exchange that have operated on the Exchange for a period not less than five (5) years.
b. Applicants must have achieved a minimum turnover of N20 Billion in transaction value and handled a minimum of 50,000 transactions on the Exchange in each of the following years:2009, 2010 and 2011.
Interested organizations should download the Request for Proposal from the website of the DMO at www.dmo.gov.ng and comply with all instructions therein. Any proposal that does not fully comply with the instructions will be rejected. Proposals must be submitted 11th July 2012. In line with the Public Procurement Act, Bidders are expected to be present at the opening of Bids on the date specified in the Request for Proposal.
Debt Management Office
The Presidency,
Plot 447/448, Constitution Avenue,
Central Business District,
P. M. B. 532 Garki, Abuja, Nigeria.
Email: enquiries@dmo.gov.ng
Website: www.dmo.gov.ng
