Jimoh: Stock Prices Depressed Because of Uncertainty in the Economy

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The Managing Director/Chief Executive Officer of Coronation Merchant Bank, Mr. Abubakar Jimoh, in this interview speaks about opportunities in the merchant banking sub-sector as well as how developments in the economy are affecting stocks listed on the Nigerian Stock Exchange. Obinna Chima presents the excerpts:

What is the state of merchant banking in Nigeria presently?

You know that historically, merchant banks or investment banks generally are designed to operate in the wholesale sector of the economy and also to help significantly with capital market development and in the advisory space. That was what used to be the case even before the exit of most of the merchant banks in the past. Now that the merchant banks are back, we are playing that role. It is a sector that takes time to develop. It is not something that will bring about massive…



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