Newsexpress place banner advert Yudala genuine products
BRANDish to discuss way forward for Nigerian banks at maiden “Meeting-of-Minds” on March 30

By News Express on 28/02/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 332

•BRANDish Analyst-in-Chief Ikem Okuhu.
•BRANDish Analyst-in-Chief Ikem Okuhu.

In the light of the debilitating challenges that has been facing banks operating in Nigeria of recent, especially since the current economic recession, a forum will on March 30, 2017, at the White House Hotel, GRA, Ikeja, assemble experts and industry leaders to discuss a way forward for players in the financial services industry.

Tagged, the “Meeting of Minds” the forum is put together by BRANDish, Nigeria’s leading marketing and brands communication publication, has as its theme; “What Should Nigerian Banks do Differently” and is part of contributions to conversations geared towards lifting businesses in Nigeria off the recession by changing the way businesses are conducted, especially by the banks.

Banks in Nigeria have been facing tough times since the current recession hit the Nigerian economy with shrinking deposit liabilities that was worsened by the implementation of the Treasury Single Account regime which took public sector deposits and Federal Government revenue collections from the banks.

The consequence of this has been massive job losses in the industry as banks, no longer able to cope with huge wage bills in the face of thawing revenue, have had to ask many of its employees to go.

Speaking Monday on the reasons behind the “Meeting of Minds,” Ikem Okuhu, Analyst-in-Chief, BRANDish, said the event, billed to hold every quarter will seek to aggregate expert views on what banks in Nigeria should do differently, not just to enable them remain in business but also to ensure they provide the needed support to enable the economy grow.

“Everybody is in agreement that banks in Nigeria are currently facing very difficult times.
Businesses that should be the critical drivers of growth for this sector are shrinking as a result of the economic slowdown and banks, which, on their part, should be supporting businesses are finding it hard to survive. This calls for urgent rethinking and rejigging of what banks do and how they do it,” he stated.

Okuhu also drew attention to the fact that apart from the introduction of technology that has smoothened banking business over the last 10 years, the approach of bankers to the business of engagement and marketing has virtually remained unchanged the beginning of banking business in Nigeria.

“I will not hold brief for the experts that will be speaking on that day, but you will agree with me that there is need to tweak, or altogether alter the approach of banks to the business of banking. The current mode has outlived its usefulness and there is urgent need to fashion a new way for the business, otherwise, the economy will continue to be beleaguered and banks, as a result will continue to slide,” he explained.
  

Source News Express

Posted 28/02/2017 08:30:04 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
What are friends for?, By Segun Adeniyi

Ughelli South PDP exco reconciles differences

Today’s Weather: Expect sunshine, clouds and localised thunderstorms:...

Hundreds to strip naked for nude photograph

Kwara local council workers oppose use of consultants...

Infamous drug lord 'Chapo' Guzman Nabbed

Academy hails Oloyede’s appointment; NUC, JAMB vow to...

New Ooni of Ife gets staff of office...

Oprah Winfrey donates $100,000 to girl-focussed Nigerian NGO...

More trouble for NIPC Boss: Staff Union accuses...

Borno community in unholy alliance with Boko Haram...

Apple jet black iPhone 7 sold out before...

 

Latest News What Ikpeazu must do for Abia to grow: Alex Otti It will be a cloudy Sunday with chances of isolated thunderstorms: NiMET NAHCON announces 2017 Hajj fares Plateau marks Children’s Day for the first time in 5 years Edo adopts use of computers, tabs in classrooms Departing war chief gives Boko Haram charge Parents want teachers, security in schools UNICEF to Governors: Launch campaigns to end violence against children FG warns on harmful practices against children Groups demand public holiday to honour Biafran heroes Violence mars Lagos APC primaries FG approves $470 million for Abuja water project

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (246,848 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (223,279 views) Shameless Genevieve Nnaji exposes breasts in public (184,994 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (165,483 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (158,625 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (138,547 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (121,000 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (118,285 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (106,322 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (102,661 views) Lagos plane crash: Journalist releases victims’ names (101,358 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (95,573 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,563) Business Verdict (16) Columnists (685) Complaints & Requests (90) Enterprise & Opportunities (153) Entertainment (323) Features (448) Global Business Monitor (152) International (1,378) Interviews (122) Live Commentary (28) Love Matters (54) News (24,775) Opinion (721) Pidgin (8) Politics (3,701) Religion (535) Sports (1,267) Stock Watch (18) AMA & Al Jazeera Global Update

 

Words on marble

 

UBA Wise Savers Promo

 

Machester United vs Ajax

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!