Nigerian Investment Bankers Commit to $1 Trillion Economy Goal

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Olori Uwem

Active Member
Mar 18, 2024
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Nigerian Investment Bankers Commit to $1 Trillion Economy Goal

Key Highlights:

1️⃣ Support for Nigeria's Economic Vision:

Investment bankers have pledged to help the federal government achieve its ambitious $1 trillion economy target.

2️⃣ Major Transactions in 2023:

Heineken acquired a controlling stake in Nigerian Breweries for $24 billion.

Sahara Group invested $1 billion to purchase Egbin Power.

Seplat Energy issued a $650 million bond for energy expansion.

Airtel Africa raised $500 million to boost telecom infrastructure.

3️⃣ Optimism Amid Economic Reforms:

Improved economic policies in 2024 have strengthened the investment banking sector.

4️⃣ Recognizing Excellence:

At the Investment Banking Awards Dinner in Lagos, top performers like Stanbic IBTC Capital and Chapel Hill Denham received accolades.

Awards celebrated outstanding achievements in areas like debt issuance, equity deals, and mergers & acquisitions (M&A).

5️⃣ Voices from the Sector:

‘Kemi Awodein, President of AIHN, highlighted the sector's resilience and its role in driving transformative deals.

Akeem Oyewale, CEO of Marble Capital, praised the behind-the-scenes efforts in raising capital for private enterprises.

✨ Looking Ahead:
2024 has been a year of significant growth, and 2025 is expected to bring even more impactful transactions. This commitment by investment bankers strengthens Nigeria's path toward economic transformation.

What’s your take on this bold target? Let us know!