The Capital Market Correspondents Affiliation of Nigeria (CAMCAN) has concluded preparations for its 2024 annual workshop, a pivotal gathering aimed toward fostering dialogue and proffering options to challenges dealing with the Nigerian capital market and the broader economic system.
The workshop with the theme: “Banks’ Recapitalisation: Bridging the Hole Between Buyers and Issuers within the Nigerian Capital Market,” will happen on December 7 and 8, 2024, at Orchid Resorts, Lekki, Lagos.
The theme highlights the crucial want for collaborative efforts to strengthen Nigeria’s {financial} ecosystem amidst ongoing {economic} headwinds.
CAMCAN, in an announcement, stated the workshop seeks to bridge the understanding hole between traders and issuers, a cornerstone for sustainable progress within the capital market, because the banking sector navigates regulatory pressures, {economic} uncertainties and evolving market calls for.
It famous that the theme displays the strategic significance of banks in driving {economic} improvement and their vital position throughout the capital market.
“Recapitalisation has turn out to be a urgent challenge as Nigerian banks face the necessity to bolster their capital base to satisfy regulatory necessities, face up to world {financial} shocks, and assist the economic system’s financing wants.
“The Central {Bank} of Nigeria (CBN) has applied stringent capital adequacy requirements to make sure {financial} stability.
“These reforms require banks to lift vital capital, usually by means of the capital market, making the connection between traders and issuers extra crucial than ever.
“Efficient recapitalisation methods hinge on strong investor confidence. A transparent understanding of how funds will likely be deployed, coupled with clear communication, is important to draw funding and drive profitable capital raises,” the affiliation stated.
CAMCAN stated that the banking sector’s capability to assist different sectors corresponding to manufacturing and agriculture would rely on its {financial} power.
“Recapitalisation efforts are integral to empowering banks to offer the long-term financing wanted for Nigeria’s {economic} diversification agenda,” the affiliation stated.
It said that the two-day occasion would convey collectively regulators, {financial} consultants, {bank} executives, capital market operators, and coverage stakeholders.
The Director-Common of the Securities and Alternate Fee, Dr Emomotimi Agama, would be the particular visitor of honour.
The Chairman of the Nigerian Alternate Group Plc., Alhaji Umaru Kwairanga, will chair the workshop, whereas the Managing Director/Chief Government Officer of Cowry Asset Administration, Mr Johnson Chukwu, would be the visitor speaker.
Additionally, the Chief Government Officer of the Nigerian Alternate (NGX) Group, Mr Temi Popoola, and the Chief Government Officer of FMDQ Group Plc, Mr Bola Onadele, will likely be friends of honour.
The workshop will characteristic a panel dialogue from representatives of regulatory organisations and operators within the capital market, who will convey insightful views to the visitor speaker’s presentation.
Over time, CAMCAN has constantly championed initiatives to advance the Nigerian capital market by means of analysis, advocacy and dialogue.
The 2024 workshop underscores its dedication to addressing urgent {economic} points and fostering collaboration amongst key stakeholders.
Because the Nigerian economic system seeks pathways to stability and progress, the workshop’s outcomes are anticipated to offer actionable insights, form insurance policies and methods for a stronger {financial} system and a extra vibrant capital market.
The FMDQ Group Plc will likely be main different sponsors to the workshop.
The opposite sponsors embody: Oando Plc, NGX Group, Securities and Alternate Fee, Seplat Power, Central Securities Clearing System, United {Bank} for Africa, Zenith {Bank}, the Nigerian Inter-{Bank} Settlement System, GTCO, Entry Company, FBN Holdings, Union {Bank}, United Capital, FCMB, Constancy {Bank} and Nestle Nigeria, amongst others.
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