Event Overview
Agenda
Date: 6 May 2021
Event overview
Nigeria’s repo market is fairly established, featuring a continual flow of short-term funds with periods of high and low activity in response to macro-economic conditions and regulatory activities. Banks dominate the repo market as a primary funding source for treasury activities, while pension funds have yet to actively join and improve the inclusivity of the country’s repo market.
However, many significant achievements have been made over the years to change this. Most notably the introduction of an SRO to improve transparency in the money markets and the very recent adoption of close-out netting in default scenario as captured in the Companies and Allied Matters Act - 2020 (CAMA). Market experts discussed these developments and the expectations of opening up the Nigerian repo market to more investors – local and globally – to build a deeper local market, while also addressing the impact of the COVID-19 pandemic.
Event overview
Nigeria’s repo market is fairly established, featuring a continual flow of short-term funds with periods of high and low activity in response to macro-economic conditions and regulatory activities. Banks dominate the repo market as a primary funding source for treasury activities, while pension funds have yet to actively join and improve the inclusivity of the country’s repo market.
However, many significant achievements have been made over the years to change this. Most notably the introduction of an SRO to improve transparency in the money markets and the very recent adoption of close-out netting in default scenario as captured in the Companies and Allied Matters Act - 2020 (CAMA). Market experts discussed these developments and the expectations of opening up the Nigerian repo market to more investors – local and globally – to build a deeper local market, while also addressing the impact of the COVID-19 pandemic.
| CEST |
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| 14.30 |
Welcome remarks Martin Scheck, Chief Executive, ICMA |
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| 14.35 |
Panel discussion Moderator: Lisa Cleary, Senior Director, Associate Counsel, ICMA Panellists: Hugh Friel, Vice President, Structuring, Africa, Frontclear Onyinye Okafor, Partner, Udo Udoma & Belo-Osagie Jumoke Olaniyan, Vice President, Market Architecture, FMDQ Securities Exchange Limited Sunmbo Olatunji, Group Head, Treasury, Access Bank |
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| 15.15 |
Q&A | |
| 15.30 | Event close |
** Please note this agenda is subject to change.