The Broadcasting Houses Association of Nigeria has recognized the meritorious contributions of its members as well as key players in the development and growth of the industry over the past year.
One of the highlights of the event, held at the Civic Center in Lagos State, was the panel’s keynote on “The Future of Money: Equity Fundraising Prospects in Nigeria”. Using the MTN List as a case study, Managing Director and CEO of Central Securities Clearing System (CSCS), Mr. Haruna Jalo-Waziri reiterated the critical role of leveraging technology to raise equity capital for businesses.
Speaking on the importance of liquidity on the Nigerian Stock Exchange to facilitate the exit process for equity investors, Mr. Danladi Verheijen, Managing Director of Verod Capital, highlighted the 40% increase in turnover of the market at the end of the second quarter on the NSE compared to the concerns market watchers had in the first quarter after the 20% single-day drop in March 2022.
“The companies of the future will be financed by venture capital”, said Dr. Ola Brown, founder of the Flying Doctors Healthcare Investment Company (FDHIC) and an investor working in venture capital and healthcare infrastructure with a master’s degree in finance and economic policy. She has invested in more than 30 healthtech and fintech startups, with a total investment portfolio worth $500 million.
“Stock market-driven economies that lean toward equities prove to be more innovative and dynamic. Investing in shares is not only important for those present – the Stock Exchange and the issuing houses – but also important for creating wealth for Nigerians and the whole of Africa,” Brown said.
The Investment Banking Awards Dinner is an annual event which brings together members of the Association of Issuing Houses of Nigeria, Managing Directors of all Nigerian Investment Banks, Captains of Industry , investors and political leaders, to recognize their meritorious contributions to the achievements and growth recorded in the industry over the past year.