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  • Business - Companies
  • Updated: October 07, 2022

Experts Proffer Solutions To Business Challenges

Experts Proffer Solutions To Business Challenges

In a bid to reverse the negative situation as the world continues to contend with the effects of the COVID-19 pandemic, the Standard Chartered Bank Nigeria Plc has said it has hosted a global research briefing to identify the key concerns for the Nigerian financial market and pool solutions from a cross-section of financial and oil sector experts.

The event which took place in Lagos on Thursday provided room for discussions on economic issues, expected implementation of foreign exchange, monetary policy reforms, and interventions needed to address the challenges in the oil and gas sector.

During the event, Lamin Manjang, the Chief Executive Officer of Standard Chartered Bank Nigeria, noted that the session right time

“We have seen a very aggressive tightening of monetary policy across almost all central banks worldwide.

"In Nigeria, we have seen the same phenomenon of high inflation. But it’s not all doom and gloom.

"We have been through similar challenges in the past and we eventually came out of it.”

SCB’s Regional Head of Research, Africa and the Middle East, Razia Kahn, highlighted the need for greater reassurance on FX and other policy reforms in order for Nigeria to attract foreign investor participation.

“In terms of the policy response, Nigeria has perhaps been more tested than many other economies.

"A lot of the transmission of the different pressures into the great slowdown has been exacerbated by the policy decisions in Nigeria.

"Still, Nigeria stands apart from many of its African counterparts simply because it is seen to be an economy that has scale.”

 

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