In line with our vision and objectives of providing quality content for our numerous online visitors, we have developed a strategic relationship with First Securities Discount House Limited (FSDH).

FSDH has given AllNairaPros authority to reproduce their Weekly Nigerian Money and Capital Market Report.

FSDH is the pioneer discount house and a leading provider of financial services in Nigeria. FSDH was incorporated in June 1992 but commenced operations in March 1993 and has quickly established a reputation for providing high quality financial services to business enterprises, the various tiers of government in Nigeria and High Net Worth individuals.

They are a major player in the Nigerian money market. On a weekly basis, they trade an average volume of N33.2billion in Treasury Bills and N7.1billion in Commercial Bills. Furthermore, with an asset base of N29.1 billion and a pre-tax profit of N658.4 million for the year ended June 2001, FSDH is the largest and most profitable discount house in Nigeria. They advise on financial and capital structure and strategy, raise capital, make markets in money market instruments and manage investment assets for a carefully selected clientele.

Their shareholders include a diverse group of reputable institutions including the International Finance Corporation (the private sector arm of the World Bank) and Intermarket Services Limited (parent company of Intermarket Discount House of Zimbabwe). These two shareholders have a total shareholding of 13% in the company. Their local shareholders include top-ranking Nigerian banks and other financial service providers.

They have a reputation of meeting obligations as and when due. They are rated “Aa” by Agusto & Co., a pioneer rating agency widely recognized within and outside Nigeria. This translated means FSDH is ‘a financial institution of very good financial condition and strong capacity to meet its obligation as, and when, they fall due’.

They are also rated “A“ by Global Credit Rating company (GCR) formerly known as Duff & Phelps Credit Rating Company, an internationally renowned rating agency. This rating describes FSDH as possessing very high credit quality supported by good fundamental factors.