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Nigerian financial market: Standard Chartered Bank identifies key concerns

06/10/2022
Categories: Index/Markets

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Standard Chartered Bank Nigeria Plc recently organized the Global Research Briefing to identify the main concerns of the Nigerian financial market, bring together solutions from a & Eacute; a sample of financial and oil sector experts, and chart a path to reverse the negative situation as the world continues to deal with the effects of the COVID pandemic.

Standard Chartered Bank Nigeria CEO Lamin Manjang noted that the session took place at a time of great uncertainty and volatility, both globally and locally, brand& high; by the specter of high inflation and slow growth. Thus, “we have seen a very aggressive tightening of monetary policy in almost every central bank in the world. In Nigeria, we have seen the same phenomenon of high inflation. But it's not all gloomy. We went through similar challenges in the past and finally got through them.”

When it came to challenges in the oil industry, Khan moderated an oil and gas roundtable that included Leke Ogunlewe, former head of Global Banking/Corporate and Institutional Banking, SCB; Chikezie Nwosu, MD/CEO, Waltersmith Petroman Oil Limited; and Femi Ogunbi, Treasurer, ExxonMobil.

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