Finance journalistsÂ Â under the aegis of Finance Correspondents Association of NigeriaÂ (FICAN) will examine the prospects of the proposed Asset Management Corporation (AMC) as aÂ solution to the problem of huge non-performing loans in the banking industry and the illiquidity in the nationâ€™s stock market.
The AMC is designed to take over the non-performing loans of banks and thereby boost their liquidity and improve their balance sheet. The February bi-monthly Public Discuss of FICAN, which holds on Friday at the Nigeria Stock Exchange building, will focus on the phenomenon of the AMC vis-a-vis the methodology and mechanics of its operations as well as experiences of other countries in this regard.
For this purpose, Guest Lecturer for the maiden Public Discuss, Dr. Emmanuel Abolo, Head of Research/Chief Economist, Access Bank PLC, will speak on: Banking Reforms and the Prospects of Asset Management Corporation. The purpose of the public discuss is toÂ enhance the knowledge and understanding of finance journalists on topical issues in the finance sector and the economy in general and hence effective and quality coverage of the sector and the economy.