Afrinvest Set to Launch 2016 Banking Sector Report


Afrinvest (West Africa) Limited said it has concluded plans to unveil the 2016 edition of its annual Nigerian Banking Sector Report. The event is expected to take place on September 21st in Lagos.

Managing Director of Afrinvest, Ike Chioke, revealed that this year’s report, which is the 11th edition since its inception in 2006, is titled ‘Searching for Investor Confidence.’

According to him, the report chronicles developments within the global and domestic economy in relation to monetary and fiscal policy responses to shocks while also contextualising the impact of policy decisions on domestic macroeconomic variables.

“Afrinvest Research is of the view that although some appropriate steps has been taken in recent months, the market is yet to respond positively evidencing the lack of investor confidence without which neither the market nor the economy can be rebooted,” he added.

As part of the launch, Afrinvest has lined up a panel of distinguished economists and bankers who will share expert views and opinions about what needs to be done in the face of these challenges in order for Nigeria to regain investor confidence and put its economy back on the path of growth and prosperity.

Among them are a former Deputy Governor, Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu; Senior Fellow – Lagos Business School and Member – Monetary Policy Committee of the CBN, Doyin Salami; Group MD/CEO, Access Bank Plc, Herbert Wigwe; CEO, Economic Associates, Ayo Teriba; Regional Head of Economics, Standard Chartered Bank, Razia Khan; and the Chief Financial Officer, Sterling Bank Plc, Sulaiman Abubakar.