AIHN interfaces with market regulators over operators' debt issue

RESPITE may have come the way of capital market operators as the Association of Issuing Houses of Nigeria, (AIHN), last week announced that it has entered into discussions with regulators of the capital and financial markets over their huge debt burden.Speaking at its yearly general meeting in Lagos, Chairman, AIHN, Mr. Bolaji Balogun, said the association has made significant progress in the deliberations and is confident that within the next couple of weeks, the regulators will make definite pronouncements geared towards addressing the huge debt overhang borne by capital market operators.According to him, the Association has consistently played a vital role in ensuring a conducive environment for the investment and the issuance of different asset classes in the Nigerian capital market.He said, 'some of our initiatives this year include, working with government, regulators and other stakeholders to get capital market issues on the front burner and we are delighted with the support we have received from the Securities and Exchange Commission (SEC), Nigerian Stock Exchange (NSE), Central Bank of Nigeria (CBN), Debt Management Office (DMO) and the Asset Management Company of Nigeria (AMCON).'We have also worked consistently supporting other trade groups, most notably, the brokerage community in lobbying for the acceptance of a strategy to fast track market recovery and long term sustainability in the market.'He said the Association is aware of the impact of the policies of the CBN, SEC and Finance ministry on the capital market; hence it is working towards constantly engaging key policy makers, so as to ensure that their policies do not affect the market negatively.
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