CBN Reforms Present Opportunities For Investment Bankers, Says Chioke

By Clement Alphonsus
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Ike Chioke (Past President of the Association of Issuing Houses of Nigeria)

The immediate past President of the Association of Issuing Houses of Nigeria, Ike Chioke, has noted that the ongoing currency reforms of the Central Bank of Nigeria presented both challenges and opportunities for the investment banking industry.

According to a statement on Monday, this was disclosed by Chioke during the Investment Banking Awards Night held in Lagos recently.

He said, “Nigeria is bracing up to the impacts of the new government and they are already making changes to what I will call non-unorthodox policies. These policies had also introduced pain and hardship with the free-floating of the naira and removal of fuel subsidy forcing their weaknesses on various sectors of the economy."

Chioke further advised members to apply their best skills and expertise to make the best of the opportunities.

He said, “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."