news

Stakeholders unveil strategies to deepen Nigeria’s debt market

Published

6 years ago

November 8, 2018

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.

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.

news

Director General NSC, Bar. Bukola Olopade Extends Christmas Greetings to Christians in Abeokuta South and Across Nigeria

Published

1 day ago

December 21, 2024

Sahara Weekly

Director General NSC, Bar. Bukola Olopade Extends Christmas Greetings to Christians in Abeokuta South and Across Nigeria

By Solanke Ayomideji Taiwo

In a heartfelt message, The Director General of the National Sports Commission (NSC), Honourable Bukola Olopade, has extended warm festive greetings to Christians in Abeokuta South, Ogun State, and across Nigeria as the nation embarks on the joyous celebration of Christmas.

Recognizing the significance of this time of year, Olopade emphasized the essence of unity, love, and gratitude that the Christmas season embodies. He urged citizens to reflect on the virtues of compassion and generosity, which are particularly vital in fostering peace and harmony in communities.

“Christmas is a time for joy, reflection, and togetherness. It reminds us of the values of love and kindness, which are fundamental to our social fabric,” said Olopade. “As we celebrate this festive season, let us remember those in need and extend a hand of support to one another.”

The Director General of the National Sports Commission (NSC), Honourable Bukola Olopade, acknowledged the challenges that many have faced over the past year, including economic hardships and social unrest, yet he expressed optimism for the future. “In the spirit of Christmas, let us embrace hope and look forward to a brighter tomorrow. Our unity and resilience can overcome any challenges we face.”

Olopade also highlighted the importance of sports in promoting peace and national unity, noting that the NSC is committed to fostering an inclusive environment where all Nigerians can participate in sports and recreational activities. He encouraged communities to engage in sports events during the festive period as a means to strengthen bonds and celebrate togetherness.

As part of his Christmas message, Olopade called on everyone to prioritize the welfare of others, particularly the less fortunate. He urged individuals and organizations to consider charitable acts that can uplift those in need during this season of giving.

In closing, Bar. Bukola Olopade wished all Nigerians a Merry Christmas filled with love, peace, and joy. He expressed hope that the spirit of the season would inspire a renewed commitment to community service and cooperation among citizens.

As the festivities continue, the Chairman’s message resonates with the values of compassion, unity, and hope, encouraging all to celebrate the true meaning of Christmas.

Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

1 day ago

December 21, 2024

Sahara Weekly

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

religion

Prophecy for 2025: A Year of Vengeance, Harvest, and Divine Shifts By Pro. Kingsley Aitafo

Published

1 day ago

December 21, 2024

Sahara Weekly

Prophet Kingsley Aitafo's Prophecy Fulfilled: Alhaji Muyideen Bello Passes Away

Prophecy for 2025: A Year of Vengeance, Harvest, and Divine Shifts By Pro. Kingsley Aitafo

Sahara Weekly Reports That Prophet Kingsley Aitafo, under the grace and spiritual leadership of His Eminence Rev. Pastor Samuel Belehou Oshoffa, founder of the Celestial Church of Christ, has unveiled 25 prophecies for the year 2025. These revelations call for vigilance, prayer, and alignment with divine purpose. Below is the detailed list of the prophecies:

1. A Year of Divine Justice

2025 will be a year of vengeance upon the wicked and a season of abundant harvest for the righteous. This is a time for reflection and spiritual alignment.

2. Weather Disasters to Pray Against

The world must unite in prayers against severe weather disasters, including excessive winds, water overflow, floods, earthquakes, and tsunamis. These natural calamities threaten to disrupt lives and properties globally.

3. A Major Technological Advancement

WhatsApp is predicted to receive a significant upgrade, potentially integrating email functionalities. This innovation will redefine digital communication.

4. Nigeria’s National Football Team

The Nigerian national football team should be prayed for, as a painful defeat could occur.

5. A Great Man of God in Danger

One of the most celebrated men of God is at risk of sudden death. Prayers are needed to avert this tragedy.

6. Sunday Igboho

The activist should be prayed for to avoid heart-touching news that could cause widespread concern.

7. Nnamdi Kanu

Freedom is within reach for Nnamdi Kanu, but prayers are needed to ensure he lives to see it.

8. Fire Disasters Worldwide

Serious fire disasters are foreseen and must be prayed against to protect lives and properties globally.

9. NYSC and PHCN Reforms

The National Youth Service Corps (NYSC) and the Power Holding Company of Nigeria (PHCN) will be empowered and reshuffled for greater effectiveness.

10. Global Police Forces

The police worldwide are warned of potential brutal revolts from the masses. Prayers are needed to prevent such events.

11. African Nations and Coups

Several African countries are advised to pray against unexpected coup plots.

12. Goodluck Jonathan’s Political Path

Former President Goodluck Jonathan is encouraged to follow God’s leading and refrain from contesting future elections.

13. Changes in EFCC

The Economic and Financial Crimes Commission (EFCC) will be more empowered, but significant transformations will occur within the agency.

14. Passing of Aged Leaders

Several aged ex-presidents, traditional rulers, and military leaders will pass on in 2025.

15. New Religious Leaders

New leaders will emerge in white garment denominations and the Catholic Church, marking significant transitions.

16. Churches in Danger of Scandals

Great churches like RCCG, Winners Chapel, Christ Embassy, Mountain of Fire, and COZA are urged to pray against confusion and scandals that could lead to divisions.

17. Exposure of False Churches

Churches that operate under the guise of Christ without genuine faith will be exposed.

18. Protection of Yoruba Entertainers

Yoruba actors and actresses should pray against strange illnesses, while English-speaking entertainers must pray against sudden deaths.

19. Plane Crashes

A major plane crash could occur, causing widespread pain. Prayers are needed to prevent this disaster.

20. National Unity in Nigeria

Despite ongoing agitations, Nigeria will remain undivided.

21. The Monarch and Pope’s Seat

Prayers are required to prevent sudden vacancies in the monarchy of England and the papal seat.

22. Deadly Disease and Global Conflict

A new, more deadly ailment than COVID-19 and the potential of a mini-war loom on the horizon. The world must unite in prayer to avert these crises.

23. Rising of True Last-Day Churches

The emergence of last-day churches will bring forth spiritual giants and miraculous powers reminiscent of the apostles of old.

24. Business Tycoons in Nigeria

Successful Nigerian business magnates should seek divine protection against untimely death.

25. Christ’s Return is Near

Finally, Prophet Kingsley reminds the world that the return of Jesus Christ is near. Embracing holiness and righteousness is the only path to prepare for His coming.

Prophet Kingsley’s prophecies serve as a divine reminder for individuals, nations, and institutions to seek God’s guidance and protection. Let 2025 be a year of faith, reflection, and readiness for what lies ahead.

Let us watch, pray, and align with God’s will.