Market Review: Understanding the Key Developments that will Shape Nigeria's Financial Market in 2022 - Johnson Chukwu
This edition of the "Market Review" features Mr. Johnson Chukwu the Group Managing Director, Cowry Asset Management as he speaks on "Key Developments That Will Shape Nigeria's Financial Market in 2022".
According to him the best approach for the Central Bank of Nigeria (CBN) in monetary policy, especially in the area of foreign exchange management is "Managed Float" which will entail "FX Rationing" to the sectors that are productive and will create economic opportunities in the country.
Looking at the Holdco structure in Nigeria with the lessons from First Bank's transition to FBN Holdings, he stressed the importance of effective supervision and an enabling regulatory approach, that gives priority to protecting the interest of minority shareholders.
Speaking on the trajectory of the monetary policy committee of the CBN in 2022, Mr. Chukwu said he expects a normalization of interest rates, to improve liquidity in the market as fiscal disbursements begin.