Wikipedia

Parthian Partners Limited

Parthian Partners (PPL) is a Nigerian stock brokerage firm based in Lagos, Nigeria. The company is a member of the Nigerian Stock Exchange and provides wholesale and retail brokerage services. It acts as a broker-dealer for traders and Investors including Pension Fund Administrators, Fund Managers, Banks, and International Financial Institutions.

Parthian Partners Limited
Company typePrivate limited company
IndustryFinancial services
Founded2012; 12 years ago (2012) in Nigeria
Headquarters
Lagos
,
Nigeria
Key people
  • Oluseye Olusoga (MD/CEO)
  • Adedotun Sulaiman (Chairman)
ProductsStockbroking
SubsidiariesParthian Securities Limited
Websiteparthianpartnersng.com

The company was incorporated as a private limited company in 2012.[1] PPL is licensed and regulated by the Nigerian Securities and Exchange Commission (SEC) and an FMDQ Exchange associate member.[2][3][4] As of 2021, Parthian Partners is rated as a company with a stable financial outlook.[5]

History

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Parthian Partners Limited (PPL) was incorporated as a Private Limited company in Nigeria in 2012. Subsequently, In 2013, PPL obtained a license to operate as an Inter-Dealer Broker, making the company the first of the six FMDQ Securities Exchange Limited (FMDQ Exchange) registered Inter-Dealer Brokers in Nigeria.[6]

PPL provides wholesale brokerage services for transactions among Market Dealers and between Market Dealers and Investors including Pension Fund Administrators, Fund Managers, Banks, and International Financial Institutions. PPL also facilitates trading in Federal Government of Nigeria (FGN) Bonds and Treasury Bills, State Government Bonds, Local Contractor Bonds, Corporate Bonds, and Eurobonds.[7][8] In 2018, Parthian Partners launched the first digital platform to access treasury bills in Nigeria in partnership with Sterling Bank.[9][10][11]

In 2016, PPL acquired a Broker/Dealer License for its subsidiary, PSL Capital Limited to provide securities trading services to Retail Investors as well as the Wholesale Market. In 2021, PSL changed its name to Parthian Securities Limited.[12][13]

I-invest

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The I-invest trading platform was developed by Parthian Partners and launched in 2018 as a mobile application to give individuals direct access to buy treasury bills in Nigeria; the first mobile solution for Treasury bills in Nigeria. Six months into its launch, i-invest generated Two Billion Naira worth of investments on the platform.[14][15]

By 2021, the application became an integrated platform for finance management with added features for savings, and payment collection.[16][17]

Corporate leadership

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  • Board Chariman - Adedotun Sulaiman (MFR)
  • Managing Director & CEO - Oluseye Olusoga[18]
  • Non Executive Directors - Engr. Kadiri Adebayo Adeola, Rilwan Belo-Osagie,[19] Bismarck J. Rewane, Dr. Abraham Nwankwo

See also

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References

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  1. ^ "CAC - Nigerian Corporate Registry". search.cac.gov.ng. Retrieved 2021-11-20.
  2. ^ "SEC Capital Market Operator Search". sec.gov.ng. Retrieved 2021-10-14.
  3. ^ "FMDQ-Associate-Members-November" (PDF). FMDQ. 10 November 2020. Retrieved 20 November 2021.
  4. ^ "Parthian Partners Limited". FMDQ Group. Retrieved 2021-11-21.
  5. ^ "Agusto & Co. assigns a 'Bbb' rating to Parthian Partners Limited with a Stable Outlook". Agusto & Co. Ltd. Retrieved 2021-11-20.
  6. ^ "Parthian-Partners-Limited-Rating-Report" (PDF). FMDQ. Retrieved 20 November 2021.
  7. ^ "Parthian Partners Limited N20b Commercial Paper Admitted Into FMDQ Exchange". Parthian Partners Limited N20b Commercial Paper Admitted Into FMDQ Exchange. Retrieved 2021-11-20.
  8. ^ "DEAL: FMDQ Exchange admits Parthian Partners Limited's Commercial Paper worth N20 billion - Nairametrics". 2021-02-23. Retrieved 2021-11-20.
  9. ^ "I-invest open equities market to millions of Nigerians". Vanguard News. 2020-08-11. Retrieved 2021-11-21.
  10. ^ "I-invest will herald Nigeria's evolution into a high-savings society - Nairametrics". 2018-09-18. Retrieved 2021-11-21.
  11. ^ "West Africa's First Treasury Bills App Launches In Lagos". Punch Newspapers. 2018-05-31. Retrieved 2021-11-21.
  12. ^ "PSL Capital Limited Changes Name to Parthian Securities Limited". Businessday NG. 2021-10-18. Retrieved 2021-11-21.
  13. ^ "PSL Capital changes name to Parthan Securities". Punch Newspapers. 2021-10-17. Retrieved 2021-11-21.
  14. ^ "Nigerian Fintech startup, I-invest, generates approximately 2 Billion Naira in 6 Months". TechCabal. 2019-01-29. Retrieved 2021-11-21.
  15. ^ "Money mobile app gets over 70 thousand patronage in 10 months". Vanguard News. 2019-01-29. Retrieved 2021-11-21.
  16. ^ "Parthian Partners upgrades i-invest app". The Guardian Nigeria News - Nigeria and World News. 2021-11-22. Retrieved 2021-11-30.
  17. ^ Correspondent, Our (2021-11-20). "Parthian Partners Upgrades App With New Features". Leadership News - Nigeria News, Breaking News, Politics and more. Retrieved 2021-11-30.
  18. ^ "Oluseye-Olusoga-Profile". Bloomberg. Retrieved 21 November 2021.
  19. ^ "Rilwan-Osagie-Belo-Profile". Bloomberg. Retrieved 21 November 2021.
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