Cordros Capital Limited has projected that the inflation rate would remain stable around 20 per cent heading to the end of the year.
The firm stated this at its Wealth Summit 2025 held in Abuja.
The summit brought together high-net-worth and ultra-high-net-worth investors, financial experts and thought leaders.
Held under the theme, ‘Reimagining the Future of Wealth’, the event served as a crucial platform for in-depth discussions on mastering and sustaining wealth in a rapidly evolving global and local economic landscape.
Head of Research and Strategy at Cordros Capital, Jolomi Odongahanro, provided a detailed outlook on the Nigerian economy for 2025.
He noted that bold economic reforms and increased fiscal discipline have supported a cautious recovery in 2025.
He projected inflation to stabilise around 20 per cent. The naira is also expected to remain stable, with a year-end forecast of N1,550 to the dollar, supported by strong foreign portfolio inflows.
Odongahanro highlighted the positive impact of new technologies and green transition on trade competitiveness.
However, he warned of significant challenges coming from the U.S. trade tariffs, high trade tension and low confidence, which have impacted global capital flow.
He also noted the volatility in the crude oil market, forecasting an average price of $71 per barrel for the year.
On his part, Acting Chairman of the Nigerian Pension Commission (PenCom), Opeyemi Agbaje, delivered a thought-provoking presentation titled, ‘The Evolving Status Quo: Is Nigeria Rising?’
He referenced the bold reforms implemented by the current administration, including the removal of fuel subsidies and the liberalisation of the FX market.
“My perception of the data is that we are turning in a good direction, data that is speaking to economic stabilisation,” he stated, expressing optimism about the country’s trajectory.
Managing and Group CEO of Cordros Capital Limited, Wale Agbanyangi, expressed gratitude to the clients in Abuja and the northern region, highlighting their significant contribution – 25 per cent of Cordros’s total business.
It was the third edition of the annual summit and the first time it was held in Abuja, fulfilling a long-standing request from clients.
Agbanyangi also shared Cordros’s journey, celebrating 18 years of growth and the expansion to six subsidiaries, attributing the firm’s success to its clients.
The Executive Director of Operations, Securities and Exchange Commission (SEC), Dr Bola Ajomale, delivered a keynote on the transformation of the Nigerian economy and capital market.
He emphasised the market’s role in Nigeria’s stability, noting recent growth, including a N1.7 trillion increase in the commercial paper market and a 16.6 per cent rise in the equity market.
Ajomale stressed the importance of digital security and environmental, social and governance (ESG) principles.
He highlighted Nigeria’s leadership in this area, citing the issuance of N89 billion in green bonds with plans for an additional N300 billion.
