Parthian Partners Limited

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Parthian Partners Limited
Company typeFinancial services
Founded2012 in Nigeria
HeadquartersOsborne Foreshore Estate, 22A Udi St, Ikoyi 101233, Lagos.
Key people
  • Oluseye Olusoga (MD/CEO)
  • Adedotun Sulaiman (Board Chairman)
  • Adebayo K. Adeola (Board Member
  • Bismarck J.Rewane (Board Member)
  • Rilwan Belo-Osagie (Board Member)
  • Dr. Abraham Nwankwo (Board Member)
SubsidiariesParthian Securities Limited

Parthian Partners Limited (PPL) is a Nigerian capital market conglomerate based in Lagos, Nigeria. The company was incorporated as a Private Limited Liability in Nigeria in 2012.[1] PPL is licensed and regulated by the Securities and Exchange Commission (SEC)[2] and an FMDQ Exchange associate member.[3][4] The company was awarded the Best Brokerage Service Award by the FMDQ Gold Awards in 2018.[5] Parthian Partners is rated as a company with a stable financial outlook.[6]

History[edit]

Parthian Partners Limited (PPL) was incorporated as a Private Limited Liability 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.[7]

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.[8][9] In 2018, Parthian Partners launched the first digital platform to access treasury bills in Nigeria in partnership with Sterling Bank.[10][11][12] 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.[13][14]

Parthian Securities Limited[edit]

Formerly PSL Capital,[15] Parthian Securities Limited is an independent subsidiary of Parthian Partners Limited. The company operates under full licensing by the Securities and Exchange Commission(SEC)[2] in Nigeria and is a member of the Nigerian Stock Exchange (NSE). PSL Capital Limited provides securities trading services to Retail Investors as well as the Wholesale Market.[7]

I-invest[edit]

The 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 (6) months into its launch, i-invest generated Two (2) Billion Naira worth of investments on the platform.[16][17] By 2021, the application became an integrated platform for finance management with added features for savings, and payment collection.[18][19]

Corporate leadership[edit]

  • Board Chariman - Adedotun Sulaiman (MFR)
  • Managing Director & CEO - Oluseye Olusoga[20]
  • Non Executive Directors - Engr. Kadiri Adebayo Adeola, Rilwan Belo-Osagie,[21] Bismarck J. Rewane, Dr. Abraham Nwankwo

Awards[edit]

Awards & Recognitions
Year Event Category Received by Status
2018 FMDQ Gold Award[5] Best Brokerage Service Parthian Partners Limited Won
2021 FMDQ Gold Award[22] Best Brokerage Service Parthian Securities Nominated
2021 Business Day Banks and other Financial Institution (BaFI) Awards Online Securities Platform of the Year[23][24] i-invest Won
2022 Business Day Banks and other Financial Institution (BaFI) Awards Interdealer Broker of the Year[25] Parthian Partners Won

See also[edit]

References[edit]

  1. ^ "CAC - Nigerian Corporate Registry". search.cac.gov.ng. Retrieved 2021-11-20.
  2. ^ a b "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. ^ a b "fmdqgroup.com/2018goldawards/members-clients-choice". FMDQ. 2018. Retrieved 21 November 2021.
  6. ^ "Agusto & Co. assigns a 'Bbb' rating to Parthian Partners Limited with a Stable Outlook". Agusto & Co. Ltd. Retrieved 2021-11-20.
  7. ^ a b "Parthian-Partners-Limited-Rating-Report" (PDF). FMDQ. Retrieved 20 November 2021.
  8. ^ "Parthian Partners Limited N20b Commercial Paper Admitted Into FMDQ Exchange". Parthian Partners Limited N20b Commercial Paper Admitted Into FMDQ Exchange. Retrieved 2021-11-20.
  9. ^ "DEAL: FMDQ Exchange admits Parthian Partners Limited's Commercial Paper worth N20 billion - Nairametrics". 2021-02-23. Retrieved 2021-11-20.
  10. ^ "I-invest open equities market to millions of Nigerians". Vanguard News. 2020-08-11. Retrieved 2021-11-21.
  11. ^ "I-invest will herald Nigeria's evolution into a high-savings society - Nairametrics". 2018-09-18. Retrieved 2021-11-21.
  12. ^ "West Africa's First Treasury Bills App Launches In Lagos". Punch Newspapers. 2018-05-31. Retrieved 2021-11-21.
  13. ^ "PSL Capital Limited Changes Name to Parthian Securities Limited". Businessday NG. 2021-10-18. Retrieved 2021-11-21.
  14. ^ "PSL Capital changes name to Parthan Securities". Punch Newspapers. 2021-10-17. Retrieved 2021-11-21.
  15. ^ "PSL Capital Limited announces rebranding, changes name to Parthian Securities Limited - Nairametrics". 2021-10-18. Retrieved 2021-11-20.
  16. ^ "Nigerian Fintech startup, I-invest, generates approximately 2 Billion Naira in 6 Months". TechCabal. 2019-01-29. Retrieved 2021-11-21.
  17. ^ "Money mobile app gets over 70 thousand patronage in 10 months". Vanguard News. 2019-01-29. Retrieved 2021-11-21.
  18. ^ "Parthian Partners upgrades i-invest app". The Guardian Nigeria News - Nigeria and World News. 2021-11-22. Retrieved 2021-11-30.
  19. ^ 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.
  20. ^ "Oluseye-Olusoga-Profile". Bloomberg. Retrieved 21 November 2021.
  21. ^ "Rilwan-Osagie-Belo-Profile". Bloomberg. Retrieved 21 November 2021.
  22. ^ "Voting – FMDQ GOLD Awards". Retrieved 2021-11-21.
  23. ^ Trust, Daily (2021-02-05). "i-invest wins Online Securities Platform of the Year Award". Daily Trust. Retrieved 2023-01-09.
  24. ^ Correspondent, Our (2021-02-07). "i-invest wins online securities platform of the year award". New Telegraph. Retrieved 2023-01-09.
  25. ^ "Parthian Partners wins Inter *Dealer Broker of the year, lauded for". 2022-12-01. Retrieved 2023-01-09.
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