THISDAY

Afrinvest to Launch 2017 Nigerian Banking Sector Report

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Afrinvest (West Africa) Limited is set to present the 2017 edition of its Annual Nigerian Banking Sector Report at the London Stock Exchange (LSE) on October 27, 2017.

The presentati­on of the report is scheduled as the anchor event of the Nigeria Banking & Investment Forum: Capital Markets Partnershi­p hosted by the LSE in collaborat­ion with the Nigerian Stock Exchange and in partnershi­p with Afrinvest.

Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has been confirmed as the special guest of honour at the event.

According to a statement, Group Managing Director of Afrinvest, Ike Chioke, said this year’s report titled “Nigeria Reopens for Business” was timely and instructiv­e, adding it was being launched at an important phase in the country’s economic resurgence, following the recent exit from a four-quarter long recession. He explained: “We are proud to launch the 2017 Nigerian Banking Sector Report before a host of internatio­nal economic and financial market experts in London on the back of the nation’s recovery from economic recession, and we are confident that it would further enhance appreciati­on of Nigeria’s financial services sector.

“The report presents an optimistic outlook on the economy due largely to the positive performanc­e of the banking sector. It offers critical insight on how recent gains in market performanc­e can be consolidat­ed to boost investor confidence and ensure sustained growth, and what possible threats can derail current positive trends.”

Commenting on the collaborat­ion with the NSE and Afrinvest, Co-Head, Emerging Markets, LSE, Ibukun Adebayo said: “Our desire is to innovate with Nigeria, and we are keen to explore opportunit­ies for London’s global investment community in Nigerian markets.”

“The Nigeria Banking & Investment Forum: Capital Markets Partnershi­p provides a unique platform to highlight the competitiv­e landscape that exists, and show critical internatio­nal investors, regulators and stakeholde­rs where real value can be found in frontier capital markets.”

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