BUSINESS

As CBN flirts with recapitalization, RMB reassures capacity to stimulate growth

&NewLine;<p>Rand Merchant Bank&comma; RMB&comma; African leading corporate and&NewLine;investment banking service provider &nbsp&semi;has&NewLine;assured customers and stakeholders of its ability to drive the economy by stimulating&NewLine;real sector growth&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>This assurance came at an Economic and Business Conference&NewLine;Overview&comma; organized by the bank which held at Oriental Hotel&comma; Lagos&comma; with a&NewLine;theme&colon; Unlocking Real Sector Growth to drive Sustainable Economic Development&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In his welcome address&comma; the Bank’s Chief Executive&NewLine;Officer&comma; Michael Larbie&comma; established that growing the economy requires all&NewLine;efforts&period; He therefore&comma; urged players in the private sector to support&NewLine;government for the required growth to create jobs&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>He emphasized the bank’s consciousness of client’s&NewLine;expectations and promised its commitment to timely financial service delivery&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Okechukwu Enelamah&comma; immediate past Minister of&NewLine;Industry&comma; Trade and Investment&comma; in his keynote address&comma; maintained that the&NewLine;first tenure of the government of President Muhammadu Buhari has laid the&NewLine;foundation for industrialization with visible evidences in the country’s&NewLine;foreign exchange stability&comma; improved micro enterprises&comma; consumer confidence and&NewLine;consolidated partnership with institutions and governments&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>He however advised that efforts at Buhari’s&nbsp&semi; 2<sup>nd<&sol;sup> tenure should be concentrated&NewLine;at&nbsp&semi; doubling down radical exemption and&NewLine;improvement on the Economic Recovery and Growth Plan&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>&OpenCurlyDoubleQuote;While the country’s infrastructural deficit is over&NewLine;&dollar;200 billion&comma; radical private sector participation is a way to go&comma;” Enelamah&NewLine;stated&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Happening at a time Central Bank of Nigeria’s&NewLine;recapitalization disclosure has triggered apprehension and suspicion of&NewLine;distress in the banking sector&comma; the assurance from RMB seems the needed oxygen for&NewLine;industrial players to survive&period;<&sol;p>&NewLine;

Share This
Openlife Reporter

Recent Posts

Breaking: Deadly Easter Sunday Attack In Benue Leaves Multiple Dead, Homes Destroyed

Breaking: Deadly Easter Sunday Attack In Benue Leaves Multiple Dead   OpenLife Nigeria reports that…

36 minutes ago

Judy Austin’s Ex-Husband Shares Throwback, Drops Cryptic Message That Sparks Reactions

Judy Austin’s Ex-Husband Shares Throwback   OpenLife reports that in what many are describing as…

2 hours ago

Eniola Ajao Explains Why She Took Loans And Sold Assets To Produce Movies

Eniola Ajao Explains Why She Took Loans And Sold Assets To Produce Movies OpenLife reports …

20 hours ago

BLORD Banner Featuring VeryDarkMan Taken Down Days After Arrest

BLORD Banner Featuring VeryDarkMan Taken Down Days After Arrest OpenLife reports that the BLORD banner…

1 day ago

APC National Chairman, Nentawe Yilwatda, Wife, Visit Angwan Rukuba Attack Victims, Donates N15 Million, Calls For Collective Actions To Prevent Recurrence

APC National Chairman   OpenLife Nigeria reports that the National Chairman of the All Progressives…

1 day ago

Zone 5 AIG, Salman Dogo Garba Assures Adequate Security Arrangements In Edo, Delta States During Easter Celebrations And Beyond

Zone 5 AIG OpenLife reports that the Assistant Inspector-General of Police, Zone 5 Headquarters, Benin…

1 day ago

This website uses cookies.