Top 10 Best Nig. Investment Banks In This Meltdown Period?

Jarus, i was at Vetiva yesterday and i met the boss and the other peeps

clean place. but why are they in that hideout?

Rrreaalllly?

@Babalawo
Just come back home and submit your cvs in the organisations you would like to work. Things are on the low presently but you can still nick an offer from the inv. Banking outfits around

@EMUEJEV
Though am not an expert in IB, am just an ACA with a knowledge of finance(hopefully to make a career in IB soon), but from from your post,i can deduce that u need to run a short test about what u really want to do, the idea is that most of us more often than not,get it wrong in choosing our courses of discipline at the JAMB entry pnt, but it shdnt be so again after graduating from that course, in looking for a job or charting a career path.

now,the ques are;
1-what is your course of study,bsc level? (tho it doesnt really matter these days again)
2-what do u really want to do, that wont 'suck' to you,for d next 6-10 yrs.
3-what steps are u taking to improve yourself towards achieving a slot in that career path?
4-how deep and consistent are your information researching and networking efforts as regards that career inwhich u really love to do.
5-how often do u change your mind on a particular 'chosen' path,only to fall for d new in thing, and dump the former.

 NB, dont forget, nobody reallly in the strict sense of the word, attended a nigerian university at Bsc level, to study investment banking, guys there either found themselves there and developed a passion;or developed the requisite skills to function in the industry and secured a place; or just tagging along in the name of 'doing a job'.so if u can see urself in it,then u can achieve it, just believe and work towards it!!
I hope this helps out a little,peace.   

@ all
with respect to the NIB-Nigerian Investment Banks,do they provide Liquidity in the secondary fixed income market?How deep is the fixed income/Bond market in Nigeria.

The global Bond  market has seen a lot of activities as a result of the equity meltdown is it the same in Nigeria?.

I dont really hear Nigerians talk about investing in Bonds,but the effects of the current financial crises has  shown that Fixed income asset class is key for a diversified portfolio.

Do the Nigerian corporates  raises money through Bond sales or is it only through the Equity market alone?

I will like to know which of these companies have a stronghold in bond trading.any Nigerian PRIMCO?

I also read in the financial times of the government intension of floating some billion naira bonds, any update on this will be appreciated

Anyone used to the DMO-debt management office here?

Thanks
Babalawo

Ol boi, the Nigerian fixed Income market i can say is developing. Just like you know, the whole financial market is just evolving whilst we are at trying to pick one or 2 things from our developed folks. The government debt instruments are already a GIVEN in the 9ja fixed income market.

Presently, some state Govts in 9ja have been raising cash through the issuance of bonds and ill say the Lagos state bond that was raised were snapped up in a record time. The govts of Rivers, Delta and i think Enugu are also in the process of completing their bond issuance. These activitie are already deepening the market. Its just a gradual process, we'll get there.

yes o, just like i just explained. State Govts are taking the initiatives and the ball has already been set rolling

Ii dont have updates but a lot of corporate organisations are into debt. ive done quite a bit of this in the past 7 months.


one of ma friend worked there b4 moving to a commercial bank. Office is in Abuja
what about them? you can read up on the net i think

How are this state governments going to coup up the funds to repay this investors the attractive interests that will be placed on the loans?  

I just hope this governors are not going to inadvertedly turn Nigeria into a tax-heavy state, leading to the stress and unhappiness seen in the West.

Not everything being done in the West is good and must be copied. Especially their ridiculous philosphy on economic empowerment and growth.

Sagamite
I dont see anything wrong in State Govts issuing bonds for developmental projects
Like we all know, Govts are not set up to run for profits so they defintely will be able to meet up with their repayment obligations

and on a serious note, i was at an infrastructural summit last year in Abuja where i happened to be one of the human resources used. The summit had in attendance the who is who in the private and public sector. Private organisations like ARM, Rencap, Vetiva, Phillips Consulting, BGL, Olaniwun Ajayi, Udo Udoma and co, Zenith Bank, UBA and co had their MDS or their CEOs in attendance. (The list goes on). On the Public side, we had Fashola, The Federal Ministers and some other state governors in attendance.

Gurus like Andoaka, Soludo, World Bank Country Rep, the head of DMO, pwC country Rep, Elebute (KPMG managing partner), Foluso Phillips and a lot of people i cant remember gathered at Transcorp for 2-3 days to fashion a way out for the country.
It was a GIVEN that the Government alone cannot solve the infrastructural deficiencies of this country and the Public Private Pratnership initiative was agreed to be the way out.
Lagos State had already taken the front seat in this regard with the number of projects they are running with the private people in order to alleviate the problems in this country. Mind you, the PPP model isnt just about project delivery and management, it also encompasses fund raising!

If the state governments can raise capital from the private sector to fund their developmental projects, why not? Any discerning state government will not wait for any FED allocation to initiatie and execute developmental projects. The issuance of bonds is one of the numerous mechanisms our state governments can take to shore up any allocation from the central. These govts i presume are taking these initiatives for the overall development of this country.

I dont see any wrong in what they are doing yet!
let us laud these moves as these are steps in the right direction.

my opinion tho

hehehehe
ure not serious o

hmm, i was trying to say some of the bonds being used are being deployed to developmental projects that will be run by private entities (not govt officials)
all your questions are relevant and i tell you, the chaps running the projects and the instruments have asked these questions.
This is a new dawn. You need to come to 9ja soon and see how things are moving

"we" are not only looking to line our pockets but we are committed to some CSR in our own capacity. Running compelling business cases is not the only thing that attracts people like us, we are also committed to doing deals that will alleviate the suffering of the people.

The govt. will repay the loans through well thought out identified income streams from these projects and talking about affordable infrastructure; i dunno your defination of affordable but i know its within the reach of those that will make use of the infrastructures
These things are dilapidated and the only way outta it is to tax people to get it revamped and then things can shape up

On the issue of tax, i think its a necessary evil and thier is nothing we can do to it for now

 

I can't see any non-financial benefit analysis or maximising social benefit analysis on the list, which is my point.

Believe me, some incredibly smart people choose not to work in high finance, some are doctors, management consultants and even civil servants.

You need to meet some of the Civil Servants (the senior ones) in the UK and know how smart they are, they are like El-Rufai.

what do u do sef saga?
i know u know Balanced Scorecard in and out.
are you a mgt consultant? i need to know how i can tackle you too

anyway, i totally agree with your sentiments/points
very valid.

I think saga is a socialist and  really not at home with IB and its capitalist posture

But even the so called fall of capitalism as  examplied by the current crises still shows clearly that  total socialism is not an option!

with regards taxes, the early Nigerian are taxed heavily the better-its just the bitter truth I worked five years in Nigeria and I don't even know how much I pay monthly or yearly as tax,  heavy taxation makes the citizens keep an eye on the government, for instance if you pay 20% tax,you will be on alert on how these monies are spent  as opposed petrodollars from heaven knows where!

@saga

and what will u call the bailout of capitalism by  the US government? capitalism riding on the back of socialism?

We all know its a question of Moral Hazards but your cited example of socia-capitalist i.e Scandinavian states hasn't proved  as successful as the US
and even in the socia-capitalist states institutions can become so laden and  bad, rem the banking crises in Sweden ?

I believe in capitalism  but capitalism that is socially responsible!!! survival for the fittest support for the weakest!!! in these frame the govt will act  as the last resort for  socialism

I know u may ask the capitalist makes all the money when its all good  then when all goes soar the  loss is shared by all but where were the socialist when  the boom was on.?,  were they really idle  NO, they sure got some reward even if it was residual.

Thank you 

Capitalism has developed:

1.The Human resources in the US- the most innovative workforce in the world.
2.Investment attractiveness, still the whole world  doesnt  have anywhere as attractive to invest as the US

these are my success index.

@Saga
Ill agree with you that success should be based on the general wellbeing of the citizenry but wait; who says capitalism cannot ensure that? Since I don't live in a strictly capitalist economy, ill say success of the government in Nigeria will be partnering with the private sector to generate wealth and also equitable distribution of the wealth generated amongst all and sundry.
That's my own lil defination of success.

@sagamite
It's an irony that u're economical socialist- a leveller and socially a conservative.