Connect with us
Advertisment

news

Stakeholders unveil strategies to deepen Nigeria’s debt market

Published

on

Advertisment

 

 

Advertisment

Critical steps required to deepen Nigeria’s debt market was the focus of discourse in Lagos as the Annual Bonds, Loans and Sukuk Nigeria Conference was held in the Nigerian commercial capital on November 6, 2018, at the Eko Convention Centre.

 

The conference, with Stanbic IBTC as gold sponsor, brought together over 300 participants comprising government officials, corporates, Banks, fund managers, investors and advisors. It is the premier event connecting fund raisers with lenders and investors active within the Nigerian capital market space. The event featured over 30 key industry speakers who shared views on local asset management, developments in the pensions and alternative asset management space, and issues affecting institutional investors; as well as providing insights on the capital market strategies of leading sovereign, corporate and project companies. The conference also facilitated networking meetings with the region’s most active issuers, offering a sneak peek into proposed new innovative financing structures.

Advertisement

 

Chairman of the event and Chief Executive, Stanbic IBTC Bank PLC, Demola Sogunle, in his welcome address, said the conference is growing in stature as a major platform to glean useful information on capital market developments, especially at a time that access to capital has become imperative for Nigeria in the wake of global market volatility.

 

“The bond market plays a central role in the deepening of financial markets not only for the diversity of products it offers the market but essentially its role in improving diversification of funding sources and increasing access to credit markets. It is therefore the right time to ensure that proper structures are in place to ensure the development of a deep and expansive bonds, loans and derivatives market in Nigeria,” Sogunle stated.

 

He said by throwing its weight behind the event, Stanbic IBTC hopes to trigger the inflow of foreign direct investment into Nigeria by highlighting the country’s huge potential and growth opportunities. This, he said, is in line with the group’s tradition of facilitating must-attend forums where critical insights on the Nigerian economy and the opportunities therein are provided.

 

Headline speakers at the event included Director-General, Debt Management Office, Patience Oniha; Senior Resident Representative in Nigeria, International Monetary Fund(IMF), Amine Mati; Acting Director-General, Securities and Exchange Commission of Nigeria, Mary Uduk; General Manager/Corporate Treasurer, MTN Nigeria, Ishmael Nwokocha; and Managing Director and Chief Executive Officer, Sigma Pensions Ltd., Dave Uduanu.

 

Oniha, who spoke on the topic “Understanding Islamic Finance: what are the requirements, processes and benefits of tapping into this market”, enumerated the impact of Islamic finance in the growth trajectory of many countries across the world. While making a case to harness this very important source of funding, she also highlighted government’s key funding requirements and where the funds will come from and the role of government in delivering infrastructure projects.

 

The forum had panel discussions which featured in-depth analysis of case studies, as well as examining Africa’s use of debt products, and what is required to sustain the continent’s growth story.

 

A panel session on ”Bringing issuers and traders to the NGN bond markets: Boosting liquidity and trading volumes” featured as discussants; Mary Uduk, Vice President, Financial Markets Dealers Association, Adetoun Dosunmu; and Head of Global Markets, Stanbic IBTC, Sam Ocheho. It was moderated by Konrad Reuss, Managing Director, South Africa and Sub-Saharan Africa, S&P Global Ratings.

 

Executive Director, Stanbic IBTC Capital Ltd, Kobby Bentsi-Enchill, who moderated the session on ”Diversifying financing options for repeat issuers and assessing the practicalities for first time issuers and issuances in new sectors”, described the conference as a great platform for hearing from and networking with the industry key players in the Nigerian bonds and loans markets. The overall objective is to provide long-term financing for the country’s economic development. He emphasized that the development of an organized bond, loans and debt market would help diversify investment options and boost economic activities in the country. “Whether you are looking to become more involved in the Nigerian debt markets, or expand your existing business, the annual Bonds, Loans & Sukuk Nigeria Conference provides a prime opportunity for you to meet key market players and develop your knowledge, ”Bentsi-Enchill added.

 

Other top-level institutions that participated inthe conference, organized by the GFC Media Group, included Financial Derivatives Company Limited, Debt Management Office Nigeria, International

Monetary Fund (IMF), International Islamic Liquidity Management Corporation (IILM), Federal Ministry of Finance, Federal Ministry of Environment, Access Bank and Central Bank of Nigeria, amongst others.

 

The GFC Media Group organizes over a dozen financing and investment conferences, bringing together capital markets and structured finance professionals with borrowers and investors throughout the emerging markets.

 

Advertisment

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

news

SHALINA CELEBRATES 40 YEARS OF TRUST, REITERATES COMMITMENT TO QUALITY HEALTHCARE DELIVERY IN AFRICA

Published

on

 

Advertisment

 

In celebration of its 40 years in Africa, a leading Afro-focused multinational company, Shalina Healthcare has reiterated its commitment to the delivery of quality healthcare in Africa. Declaring this in Lagos on Friday at the event to wrap up the company’s 2023/24 financial year and celebrate its 40 years of its existence, the Chief Commercial Officer, West Africa of the company, Arun Raj said the company “is determined to continually fulfill its corporate mission of making quality products available to every African at affordable prices.

Advertisment

According to him;  ” It has been 40 years of trust in Africa and these 40 years,  the people of the continent have also reciprocated the trust in our quality products and healthcare delivery.”

Also, in his corporate presentation as well as new financial year projection, the Head, Corporate Marketing of the Company, Folorunso Alaran said; “the Company is building on the trust Africans have in its products and services over the year and is committed to healthy Africa.  It has been forty years of available, affordable and quality products for Africans.”

Advertisement

In the words of Mr. Nirmal Jain CEO Shalina consumer Global,

“At Shalina, we believe that every African must have access to good products.  And for the last forty years, we have been trusted for our quality products. And more so, through our many initiatives and healthcare interventions, Shalina has continually raised the bar in healthcare delivery.”

Speaking further, Mr. Debajeet Mukherjee CEO Shalina Pharma Global, posited that; “despite the prevailing economic challenges, we do not waver in delivering our corporate purposes of available, affordable and quality health products. It is our belief that economic challenges should not hinder people’s access to quality healthcare.  Either the economy is good or bad, it shouldn’t affect the lives of the people in an adverse way. Despite the fact that some companies are leaving Nigeria, we are expanding our team in the country.  This is because we have trust and believe in Nigeria.”

In her own presentation at the event, the Company’s Managing Director, Nigeria ,  Opeyemi Akinyele said the company “is focused to become number one brand in Nigeria and continually promote the best of healthcare delivery in the country. ”

“Through our products, activities and interventions we have been doing greatly to ensure that quality healthcare is available and affordable for every citizen. And this is a promise that will remain unbroken ” She said.

Appreciating the members of staff of the company for their commitment and supporting roles in the company, Akinleye said “without you, your roles and efforts, we won’t be here and the successes recorded in the out gone year won’t be possible.  We also rely on your continuous support and commitment in the new year. ”

Meanwhile as part of the company’s end of year activities, many staff members were given awards of excellence in different categories for 2023/24 financial year.  Amongst them were  Lasisi Abiodun, Best Pharma Delegate,  Lawal Abubskar,  Best Medical Delegate,  Ruth Adesua Adewoye,  Best Regional Manager Pharma,  Ganiyu Lateef,  Best CVD Delegate, Mercy Omoji, Best Regional Manager, Consumer, Uzuma Pascal,  Best Zonal Manager, (Global) and  Juliet Ngozi Edward,  Best Consumer Delegate Global .  Winners in other categories included Sandeep Sahu, Folorunso Alaran, Emeka Adimoha, Chiuba Nwaosu among others.

Shalina Healthcare which began its business in Africa in DR Congo in 1984 made entry to Nigeria 25years ago.  It currently has about 2500 staffs globally out of whom 2000 are in Africa.

 

Advertisment
Continue Reading

news

THE PROPHETIC HALL OF FAME: How I ended “sit at home” in the East, Prophet Godwin Ikuru speaks

Published

on

 

Advertisment

By Collins Nkwocha

One of the major problems of the Eastern region was the “sit at home” menace which crippled business activities in the entire Eastern region; several lives have been lost in the process of enforcing this as the enforcers have always been very cruel and wicked, killing anyone who refuses to obey the order.

Advertisment

Disturbed by the cruelty of the enforcers and how many lives that have been lost through this act, the prophetic Hall of Fame, prophet Godwin Ikuru of Jehovah Eye Salvation Ministry, Lagos,made a public declaration that “sit at home” was going to be over in the East.

People didn’t believe it when he said it, everyone believed that only the release of Nnamdi Kanu was going to end “sit at home” in the East.prophet Ikuru said that it would stop even while Kanu is still in detention.

Today,”sit at home” has ended in the East, people now go about their normal businesses on Monday.Today, the dreaded “sit at home” enforcers are nowhere to be found, you can do anything or carry out any business activity of your choice on monday because God has honoured the word of his prophet.

Advertisement

Prophet Godwin Ikuru is one of the best prophets in Nigeria,he remains a major part of the ruling party in Nigeria.He is the major prophet that brought the president to power .

Advertisment
Continue Reading

news

Ondo Guber: APC Screening Committee Clears Female Aspirant, Funmi Ayinke

Published

on

The only female aspirant in the contest for the APC governorship ticket in Ondo state, Engr. (DR) Oluwafunmilayo Ayinke Waheed-Adekojo has been cleared by the screening committee of the All Progressive Congress (APC) at the party’s national secretariat in Abuja yesterday Friday, 12th of April, 2024.

Advertisment

The screening process which normally involves validation of candidates’ credentials and eligibility to contest was without hassle for Funmi Ayinke as there were no discrepancies in her credentials especially for the fact that she has proven records in the public space confirming her credibility and eligibility for the contest.

When asked about her plans for the people of Ondo state by the committee, Funmi Ayinke expressed the need for Ondo state to evolve using technology and Artificial intelligence which she is very knowledgeable in, narrating how she generated electricity through briquette.

Advertisment

She stated that Ondo state needs an engineer who is vast in the application of technology which would of course; secure a better position for the state internationally.

‘’I am vast in the knowledge of technology and Artificial intelligence, the world is changing and we can’t continue to remain as we are. We need an engineer who is vast and knowledgeable in all of these. I developed the generation of electricity through briquette so when we have this kind of grace in Ondo state, we should not waste it.’’

Continuing, Funmi Ayinke expressed confidence in securing the party’s ticket because all women in the state have thrown their weight behind her. She noted that many women decided to support her ambition because she has been a source of hope for them before she thought of a governorship ambition.

Advertisement

Speaking further on the support she has received so far, Funmi Ayinke recounted the massive crowd that besieged her rally ground in Akure without paying a dime.

‘’Women come to me that they want to pay me back with their support because I have been a source of hope for them. Women vote more in Ondo state and I have that confidence that this is my time, I have sown the seed, it’s time for harvest.’’

‘’In the last rally we did, I didn’t pay any women to attend, It was just an open invitation and we shut down the whole of Akure, this means people know what they want and they appreciate the fact that we have the courage to come out. Without woman, there is no vote, no nation.’’

The screening process ended with cheers from the committee, congratulatory messages from officials at the party’s secretariat and prayers of victory from women in the secretariat premises.

 

Advertisment
Continue Reading

Cover Of The Week

Trending