March 2, 2024
Suit 25, Mangal Plaza, Nouakchott Street, Wuse Zone 1, Abuja- Nigeria.
OIL & GAS RENEWABLE ENERGY

Floating of Naira, Subsidy Removal: Challenges and Opportunities for Investment Banking

The floating of naira by the Central Bank of Nigeria (CBN) and the removal of fuel subsidy by the federal government, have presented both challenges and opportunities to the Investment Banking Industry.

The immediate past President, Association of Issuing Houses of Nigeria (AIHN), Ike Chioke, who disclosed this during the Investment Banking Awards Night in Lagos, said the free floating of the naira and removal of fuel subsidy have impacted on key sectors of the economy, according to Opera News.

Chioke said that despite the hardships caused by the implementation of the policies, they have given opportunities to investment banking, urging investors to put in there best efforts and expertise to make the most use of the opportunities.

“As you know, the investment banking industry is a critical one for the Nigerian economy and we represent the best brains and the best expertise in that space,” he said.

The award night held at Civic Centre Lagos, was attended by top and middle players in the financial market industry. Many players in the industry recieved awards of excellent performance.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.