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Stakeholders unveil strategies to deepen Nigeria’s debt market

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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.

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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.

 

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

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ASR AFRICA SET TO COMMENCE THE CONSTRUCTION ABDUL SAMAD RABIU HOSTEL BLOCK FOR THE FEDERAL UNIVERSITY OF TECHNOLOGY, MINNA, NIGER STATE

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ASR AFRICA SET TO COMMENCE THE CONSTRUCTION ABDUL SAMAD RABIU HOSTEL BLOCK FOR THE FEDERAL UNIVERSITY OF TECHNOLOGY, MINNA, NIGER STATE

 

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Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa) is set to commence the construction of a state-of-the-art hostel block for the Federal University of Technology, Minna. The project, which is being executed under the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), will provide contemporary hostel accommodation for undergraduate students within the university’s main campus. The proposed hostel facility will accommodate 108 students with other auxiliary facilities such as laundries, kitchenettes, common rooms, and the warden’s room.

 

 

 

 

ASR AFRICA SET TO COMMENCE THE CONSTRUCTION ABDUL SAMAD RABIU HOSTEL BLOCK FOR THE FEDERAL UNIVERSITY OF TECHNOLOGY, MINNA, NIGER STATE 

 

 

 

 

Speaking at the groundbreaking event, the Vice Chancellor of the University, Prof Faruk Adamu Kuta, expressed joy for having the University as one of the beneficiaries of the ASR Africa Tertiary Education Grant Scheme. He extended the University’s appreciation to the Chairman of ASR Africa and the BUA Group, Abdul Samad Rabiu and added that upon completion, a large number of students will have access to hostel accommodation thereby reducing the number of students that are exposed to insecurity and other vices outside the university campus.

 

 

 

 

 

 

 

 

 

 

 

 

In his response, Dr. Ubon Udoh, the Managing Director of ASR Africa, affirmed the excellent reputation of the University of Minna which ranked amongst the top 10 Nigerian universities and top 2500 in the world by Webometrics. He applauded the management of the university for prioritizing the security of their students amidst the institution’s quantum of needs. In his words, “The choice of this project will facilitate the relocation of the university’s temporary accommodations back into the main campus”. Dr Udoh urged the student to ensure proper use of the building which is constructed with state-of-the-art facilities.

 

 

 

 

ASR AFRICA SET TO COMMENCE THE CONSTRUCTION ABDUL SAMAD RABIU HOSTEL BLOCK FOR THE FEDERAL UNIVERSITY OF TECHNOLOGY, MINNA, NIGER STATE 

 

 

 

 

 

The hostel accommodation is designed to have an apartment styled accommodations with each room having an en-suite bath and water closet facilities. This model of each room having its independent convenience and shower has been found to engender hygiene and a sense of responsibility amongst the students which is what the university aim to achieve among its students.

 

 

 

 

 

 

 

About ASR Africa

 

 

ASR Africa is the brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

 

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Emerging Nollywood Actress, Lawrence Valerie Ebere, is an entertainer per excellence, she is also a model, dancer, and content creator

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Emerging Nollywood Actress, Lawrence Valerie Ebere, is an entertainer per excellence, she is also a model, dancer, and content creator.

 

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Sahara Weekly Reports She graduated from the university of Benin city, studied Mathematics and economics. She had her primary Education in Chris flourish children School, Alakuko-Alagbado, Lagos state. She had her Secondary Education at Lord’s college, Casso, Alagbado Lagos, she later completed her secondary education at Adeoye international College, Off idiroko road, sango Otta, Ogun state.

 

 

 

Emerging Nollywood Actress, Lawrence Valerie Ebere, is an entertainer per excellence, she is also a model, dancer, and content creator. 

She graduated from the university of Benin city, studied Mathematics and economics. She had her primary Education in Chris flourish children School, Alakuko-Alagbado, Lagos state. She had her Secondary Education at Lord’s college, Casso, Alagbado Lagos, she later completed  her secondary education at  Adeoye international College, Off idiroko road, sango Otta, Ogun state.

 Lawrence Valerie was born  into the family of Mr and Mrs Lawrence Otabor, and she’s the last child  of a family of 6.

 Originally from Delta state, ika-south local government, Agbor, but born and brought up in Lagos state, Alakuko-Alagbado and later her family moved to Sango Otta, Ogun state.  

Ebere completed her National youth Service Corp in March, 2023.

 This beautiful and talented act joined the theatre industry in 2018 in Benin city while schooling when she performed on stage at different indoor and outdoor school events, She started featuring on Tv screen in the year 2020 in Lagos, She is a member of the 2nd intake of Ebony life creative Academy for the 2023 batch, where she received extensive formal training. She won the award of Best supporting female Actress from their short film “IMOLE”. She has always had passion for acting from a very young age, She finds herself re-enacting a scene she just saw from a movie in front of the mirror in her house, One of Her favorite hobby is being in front of the Camera and her Favorite line to hear is “ACTION”. She has featured in movie  projects like the award winning Amvca movie “Leaked”, Netflix movie like Shanty town, Cinema movies like Battle on Buka street, Movies that appeared on African magic like Dilemma, Mr wonderful, My siblings and I, Rok movies like Love lace, Single ladies and YouTube movies like A mother’s lie, Visa on Arrival, My dad and I, just us, chilled revenge, three of us, and so many more. She has done a commercial for Zenith bank, Modelled for some big clothing brands like House of Sota, She is committed to achieving the highest standard of performance and she's always willing to listen and learn from others, She is every producer’s and director’s delight. She is energetic, prepared to go the extra mile and is sure to make a real difference to any project she is involved in.  

 She looks forward to achieving greater things and being on every Big Screen.

 

 

 

Lawrence Valerie was born into the family of Mr and Mrs Lawrence Otabor, and she’s the last child of a family of 6.

 

 

 

 

 

 

 

 

 

Originally from Delta state, ika-south local government, Agbor, but born and brought up in Lagos state, Alakuko-Alagbado and later her family moved to Sango Otta, Ogun state.

 

 

 

 

 

 

 

 

 

 

Ebere completed her National youth Service Corp in March, 2023.

 

 

 

 

 

 

 

 

 

This beautiful and talented act joined the theatre industry in 2018 in Benin city while schooling when she performed on stage at different indoor and outdoor school events, She started featuring on Tv screen in the year 2020 in Lagos, She is a member of the 2nd intake of Ebony life creative Academy for the 2023 batch, where she received extensive formal training. She won the award of Best supporting female Actress from their short film “IMOLE”. She has always had passion for acting from a very young age, She finds herself re-enacting a scene she just saw from a movie in front of the mirror in her house, One of Her favorite hobby is being in front of the Camera and her Favorite line to hear is “ACTION”. She has featured in movie projects like the award winning Amvca movie “Leaked”, Netflix movie like Shanty town, Cinema movies like Battle on Buka street, Movies that appeared on African magic like Dilemma, Mr wonderful, My siblings and I, Rok movies like Love lace, Single ladies and YouTube movies like A mother’s lie, Visa on Arrival, My dad and I, just us, chilled revenge, three of us, and so many more. She has done a commercial for Zenith bank, Modelled for some big clothing brands like House of Sota, She is committed to achieving the highest standard of performance and she’s always willing to listen and learn from others, She is every producer’s and director’s delight. She is energetic, prepared to go the extra mile and is sure to make a real difference to any project she is involved in.

 

 

 

 

 

 

 

 

 

 

She looks forward to achieving greater things and being on every Big Screen.

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Nigerian Prophet, Tomi Arayomi Heals Man Who Has Been Deaf For 47 Years (VIDEO)

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Popular Nigerian prophet and founder of Rig Nation, Tomi Arayomi has healed an ex-naval officer who has been deaf for 47 years.

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In a video shared on the prophet’s social media page, the ex-naval officer was seen jubilating after he was miraculously healed by God through the hands of Prophet Tomi Arayomi.

The Ex-naval officer confirmed that he had been deaf during his navy days in 1977 and couldn’t hear with one of his ears until God healed him through the ministry of Prophet Tomi Arayomi.

In the video, he was asked to cover the good ear with his finger to further confirm that he could properly hear with the previously bad one and once again, he heard everything that was said clearly.

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