• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Coronation Merchant Bank Report  Foresees Opportunities To Unlock New Economic Growth

by Zaka Khaliq
2 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Coronation Merchant Bank, in its 2023 Economic Review and Outlook report, said there will be opportunities to unlock new economic growth, particularly in the second half of the year 2023 despite the impact of recent global economic shocks on the Nigerian economy.

Advertisement

The report focuses on trends for core macroeconomic indicators and relevant emerging policy themes that will shape 2023.

Themed Baton Hand-Off: Economic Headwinds and Expected Resilience, covers global economic headwinds and growth trends, inflationary pressures and expectations, dynamics in the domestic oil market, exchange-rate expectations, thoughts around monetary and fiscal policies and sectorial trends, among others.

The report also takes a deep dive into potential implications of the imminent change in administration.

Commenting on the report, the managing director/CEO of Coronation Merchant Bank,  Banjo Adegbohungbe, stated that, “the impact of recent global economic shocks on the Nigerian economy were prevalent in 2022 and are expected to persist in 2023. However, there will be opportunities to unlock new growth, particularly in the second half of the year.”

RELATED

Dangote Refinery’s Completion To Make Naira Stronger

US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

16 hours ago
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

16 hours ago

This report, he added, is a potent tool for decision makers which would assist clients, investors and stakeholders to  better navigate the current economic environment and achieve their respective strategic goals.

The chief economist of Coronation Merchant Bank,  Chinwe Egwim, in her remarks, opined that “2023 brings with it a mix of economic conditions. We expect the current inflation trend to persist in both advanced and emerging economies.

“The resultant effect of monetary policy tightening is also expected to continue but at a reduced pace given the inflation outlook across markets which points towards gradual moderation in H2 2023.”

For Nigeria, she said, FX liquidity constraints are likely to continue in the near-term, adding that, being an election year, there are concerns around demand-pull inflation on the back of expected spending (naira circulation) associated with electioneering.

“However, implementation of the recent naira redesign policy could assist with abating this inflation risk. There are also concerns around policy continuity post-election, as well as an expected lull in economic activity on the back of the transition phase.  Nigeria’s GDP growth is expected to maintain its growth trajectory but at a relatively slower pace in 2023,” she pointed out.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

Atiku, Tinubu, Obi, Kwankwaso Differ On Loan Repayment

Next Post

Naira Swap: Bank Chiefs Challenge CBN On Quantity Of New Notes

Zaka Khaliq

Zaka Khaliq

You May Like

Dangote Refinery’s Completion To Make Naira Stronger
Business

US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

2025/06/08
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations
Business

Consumer Goods Sector Drives NGX Growth With 40.65% Increase

2025/06/08
JUST IN: Nigerian Stocks End 8-Day Gains As Banks Slide
Business

‘Dangote Petrochemicals Listing To Boost Nigeria’s Stock Market’

2025/06/08
NLNG Ties 2023 Science Quiz Competition To Net Zero Emission
Business

NLNG Launches Human Capital Devt Programme Under Train 7 Project

2025/06/08
SEC Warns Nigerians Against Unregistered Investment Schemes
Business

New Meme Coin, PUNISHER COIN, Not Registered – SEC

2025/06/08
AMMC Begins Intensive Traffic Control On Airport Road
Business

Lagos, Abuja Top Nigeria’s 2025 Global Startup Index

2025/06/08
Leadership Conference advertisement

LATEST

Gov Ododo Hails Prince Olatunji’s Humanitarian Gestures In Kogi

Lewandowski Vows Not To Play For Poland Again Under Coach Michal Probierz

Portugal Beat Spain 5-3 On Penalties To Win UEFA Nations League Title

22 PDP Govs Endorsed Jonathan In 2015 Yet He Lost Re-election, Ndume Warns Tinubu About 2027

‘No Discord Between Us’, Sanwo-Olu Breaks Silence Over Alleged Rift With Tinubu

Community Begs Gov Makinde For Intervention Over Death Of APC Chieftain On Dilapidated Bridge

Alcaraz Beat Sinner In Epic French Open Final

Why We Buried ‘Gwo Gwo Ngwo’ Crooner Ejeagha Within 24 Hours — Eldest Son

Thieves Stab Senior Naval Officer To Death In Kaduna

Edo South Senator Imasuen Speaks On Planned Defection To APC, Achievements

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.