Ecobank Capital, the investment banking subsidiary of Ecobank Transnational Incorporated (ETI) held its maiden conference themed “Nigerian Economy – Navigating the headwinds of oil prices.”
The forum brought together business and industry thought leaders to discuss the Nigerian economy and how to navigate through the current headwinds.
The event was attended by domestic and international investors, with the panel speakers including representatives from Helios Capital, Dangote Cement, Nedbank, Qatar National Bank and First-EPDC.
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Experts from Ecobank Research reinforced the need for the Nigerian economy to diversify. The team hailed the current Agriculture Transformation Agenda and emphasised the need for Nigeria to continue in its value capture in key soft commodities value chain; on the energy outlook, the need to recalibrate local crude oil funding dynamics was also raised.
Charles Kie, group executive, corporate and investment bank, highlighted the strength of the economy despite the headwinds. He said Ecobank was strategically positioned to provide the required support for industry players given the bank’s scale and industry experience.
As closing remark, Moyo Kamgaing, managing director of Ecobank Capital, said the investment bank recently closed a $1.5 billion landmark deal for Societe Nationale Des Petroles Du Congo (SNPC) for the company’s five-year capital expenditure program and noted that Ecobank Capital was committed to providing innovative solutions for its clients.
