Stock brokers turn to feasibility studies writers to survive

For stockbrokers in Lagos, the commercial capital of Nigeria, creativity is the watch word as the dependence on commission earning from transaction consummated on behalf of clients can’t pay the bills. Obviously, clients-investors are not in a hurry to approach the stock market in this perilous time. As most stockbroking firms downsize to remain afloat, some more creative have had to diversify source of income by engaging in financial advisory service to clients.

Many top notch stock broking houses are now engaged with writing feasibility studies and generally counseling clients on how to put their business on strong financial standing.

Capital market followers said time has indeed change because when the market was boisterously bullish, the top level brokerage firms that had descended to the deep to writing feasibility studies wouldn’t have given it a thought, especially, when big budgets public offerings and private placement were the order of the day.