BABALOLA, SANUSI, OTHERS FOR STANBIC IBTC INVESTORS FORUM
Remi Babalola
Minister of State for Finance, Mr. Remi Babalola, Central Bank of Nigeria (CBN) Governor, Mr. Sanusi Lamido Sanusi, Director General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh, the Director General of the National Pension Commission (PenCom), Mr. M K Ahmad and the Director General of The Nigerian Stock Exchange (NSE), Professor Ndi Okereke-Onyuike will headline the list of experts and industry leaders that have confirmed they will attend the Stanbic IBTC 2010 Investors' Conference scheduled to hold in Lagos.
The conference, which takes place at the Federal Palace Hotel Victoria Island from Monday 1st to Wednesday 3rd March, brings together captains of industry from different sectors of the economy to discuss the next stages of development of the Nigerian stock market.
Institutions that have signed to be part of the event include Access Bank, First Bank, GTBank, Zenith Bank, FCMB, Skye Bank, UBA, Diamond Bank, UACN, Dangote Sugar, Flour Mills Nigeria Plc, Dangote Flour. Others are; Nestle Foods Nigeria, Standard Allied Insurance, Benue Cement Company, Custodian and Allied Insurance, Oando Plc, AIICO Insurance, Starcomms plc, Unilever Plc, Nigerian Breweries Plc, Guinness Nigeria and Cornerstone Insurance, etc.
According to Mr. Akeem Oyewale, Chief Executive Officer, Stanbic IBTC Stockbrokers Limited, the major objective of the conference is to undertake a comprehensive review of Nigeria's economic fundamentals in the wake of the global economic meltdown, and to harness the efforts of all stakeholders in nurturing the economy, especially the pivotal financial services sector, back to the path of growth and development in 2010. The conference will also provide participants an enhanced understanding of investment issues in Nigeria and create a platform for players from across sectors to network.
Stanbic IBTC Stockbrokers is Nigeria's largest stockbroking firm with over 20% market share in 2009. The format of the three-day conference will consist of expert panel discussions comprised of regulators, operators and investors and will provide opportunities for one-on-one meetings with prominent Nigerian companies on a wide range of issues including their expectations for growth.
The first session will have Mr. Remi Babalola and Mr. Stephen Bailey-Smith (Head of Standard Bank's CEEMEA Research) make presentations on the Economic Outlook for Nigeria in 2010, while the second session looks at the Regulatory Outlook for Nigeria in 2010 with Mr. Sanusi Lamido Sanusi, Ms Arunma Oteh, Mr. M. K. Ahmad and Professor Ndi Okereke-Onyiuke as discussants.
The event, which is one in the series organized by Stanbic IBTC, a member of the Standard Bank Group, fits into a strategic goal of leveraging its international expertise and global reach to advance the development of emerging markets across the globe. The Standard Bank Group, Africa's largest banking group, is focused on emerging markets globally. It has been in banking business for 147 years. As at December 2008, the group had total assets of over US$162 billion, and market capitalization of approximately US$14 billion. The Group employs over 50,000 people worldwide, with a network in 17 countries across the African continent. Its international expansion has taken it to 20 countries outside Africa including USA, Brazil, Russia and China.