Nigerian Inflation Falls to 17.24% in April

Annual inflation in Nigeria eased for the third straight month in April, inching down to 17.24 percent from 17.26 percent in March, the National Bureau of Statistics (

Lukman Otunuga, a research analyst at FXTM.

FXTM Analysis: UK Inflation Accelerates in April, Sterling Sinks

FXTM Research Analyst Lukman Otunuga comments on UK inflation and the current moods of Sterling, Euro and Dollar. Sterling tumbled lower on Tuesday following reports of

Western Union Digital Service Live in 40 Countries

The Western Union Company, a leader in global payments, has announced that it has further strengthened its global digital money transfer footprint, with the activation

FXTM Analysis: Financial Markets Seeking Inspiration

FXTM Research Analyst Lukman Otunuga comments on the current moods of Sterling, WTI and Gold. An eerie calm shrouded the financial markets last week, with global stocks

 Okechukwu Enelamah (middle), minister of Industry and Trade flanked by visitors from Oxford Business Group (OBG) in his office recently.

Nigeria to Boost Production Via Tax Breaks, Export Incentives- Enelamah

Okechukwu Enelamah, minister of industry, trade and investment during a discussing with Oxford Business Group (OBG), highlighted government’s plan to boost economy. A

Banks, IOCs in Trouble for Defrauding FG of $63Bn

The Senate is investigating some banks for alleged collusion with some international oil companies (IOCs) to defraud the country. It was alleged that over $63 billion

Nigeria Interbank Rate Jumps after CBN Liquidity Mop-Up

Nigeria's overnight interbank lending rate rose sharply to 29.5 percent on Friday, up from 19 percent last week, after the Central Bank of Nigeria (CBN) sold treasury

Wapic Unveils New Product

Wapic Life said it had introduced a product called Wapic smart life+ Plan, to enable individuals to save and meet their targets. A statement obtained from the company

No Sick Bank in Nigeria- NDIC

Alhaji Umaru Ibrahim, managing director and chief executive, Nigeria Deposit Insurance Corporation (NDIC), has dismissed rumours making the round that some banks in the

IFC Invests in Africa Local Currency Bond Fund to Support Capital Markets

IFC, a member of the World Bank Group, has announced that it is investing $20 million in debt in the African Local Currency Bond Fund (ALCB Fund Ltd.) to help develop