30 results
- 26 May 2016
FXTM: Brent Crude Above $50, Is It Sustainable?
Brent crude pushed above the key psychological level to trade above $50 for the first time since November 2015. The 85% rally since Brent hit a 12-year low in January was supported by multiple…
- 15 Feb 2021
Brent crude passes $63 as risk-on sentiment soars
By Hussein Sayed, Chief Market Strategist at FXTM Oil prices kicked off the week on a strong footing, hitting a new 13-month high in early Asian trade. The robust recovery in oil prices and…
- 6 Jun 2016
Stumbling Dollar, Nigeria Sabotage Push Crude Oil $50 P/Barrel
Brent crude oil prices rose to $50 a barrel early this morning, lifted by a plunge in the U.S.-dollar that could spur demand, just as ongoing attacks on oil infrastructure in Nigeria tighten…
- 2 Dec 2014
Nigeria in Big Trouble as Oil Prices Plummet to Record Lows
Brent crude oil price dipped to a five-year low and reached $67.17 on Monday, which is the fastest dive since the year 2008, according to official figures. Prior to Monday’s five-year record low, the…
- 30 Oct 2020
Fresh Concerns in Nigeria as Crude Oil Price Slumps below $40
The price of Brent, the benchmark for Nigeria’s crude oil, fell below $40 per barrel to a four-month low of $37 on Thursday, raising fresh fears of another price collapse as countries in Europe…
- 12 Sept 2019
Oil Bulls Inspired by Lower US Stockpile
By Lukman Otunuga, Senior Research Analyst, FXTM Oil prices rose more than 1% on Wednesday after the US reported a sharp drop in crude stockpiles soothed oversupply concerns. Speculation around OPEC+…
- 26 Jul 2024
Dangote Refinery Forced to Resell U.S, Nigerian Crude Cargoes over Glitches - Report
Dangote oil refinery, indigenous oil refinery owned by Aliko Dangote, Africa’s richest man, is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on…
- 6 Jan 2020
What Will 2020 Hold for the Nigerian Economy?
By Lukman Otunuga, Senior Research Analyst at FXTM, 2019 was a rough year for the Nigerian economy thanks to volatile crude Oil prices and the headwinds not only coming from global recession risks…
- 2 Oct 2019
What the Recent Oil Disruption Means for Nigeria
By Lukman Otunuga, senior,Research Analyst,FXTM The unprecedented Oil disruption in Saudi Arabia in September shocked the markets and triggered multiple financial reactions for investors across the…
- 14 Apr 2025
CBN Pumps in Additional $150m into Forex Market to Safeguard Naira
Central Bank of Nigeria (CBN) has reportedly injected $150 million into the foreign exchange market at the beginning of the week to keep the naira safe under pressure. With sustained forex market…
- 9 Mar 2026
Another Oil Boom: Will Nigeria’s Government Turn Windfall into Growth or Squander it?
By Blaise Udunze The past recurring conflicts on other continents and the current developments in the Middle East are a clear reminder to the world that energy markets are deeply linked to conflict…
- 14 Mar 2013
Nigerian’s Economy Set To Overtake South African’s – Survey
A new poll by Reuter- providers of breaking news, business, financial and investing articles from around the globe found that Nigeria could snatch South Africa’s crown as the continent’s economic…
- 23 Apr 2016
Hope Rises as Crude Hit $46/Barrel High
Crude oil prices hit a year-record high of $46 a barrel yesterday, giving Nigeria a buffer of $8 over its $38 a barrel 2016 budget benchmark, a feat, which it has not attained since January.…
- 1 Mar 2026
Iran-Israel-US Conflict and CBN’s FX Gains: A Stress Test for Nigeria’s Monetary Stability
Blaise Udunze At the 304th policy meeting held on Wednesday, the 25th February, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee cut the rate by 50 basis points to 26.5 percent from 27…
- 30 Apr 2020
What Does Sub-Zero Oil Mean for Nigeria’s Economic Outlook?
By Lukman Otunuga, Senior Research Analyst at FXTM, April 20, 2020 will go down in the history books as the day when WTI crude futures expiring in May plunged more than 300 percent, falling as…
- 8 Jun 2020
Oil, Balance of Trade and Naira in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM, Investors have stormed into the trading week with a renewed sense of confidence after last Friday’s US jobs report fuelled hopes that the worst of…
- 1 Dec 2025
Nigeria’s "Era of Renewed Stability" and the Truths the CBN Chooses to Overlook
By Blaise Udunze At the Annual Bankers’ Dinner, when the Governor of the Central Bank of Nigeria, Yemi Cardoso, recently stated that Nigeria had "turned a decisive corner," his remark aimed to convey…
- 3 Feb 2015
Foreign Investors Pulled $4.5Bn from Nigeria's Stock Market in 2014
Foreign investors sold off Nigerian stocks valued at 846.5 billion naira ($4.5 billion) last year, stock exchange data showed on Monday, 65 percent more than in 2013 as falls in oil prices and the…
- 24 Apr 2015
CBN Orders Lenders to Disclose Bad Debtors
Central Bank of Nigeria (CBN) has ordered banks to publish lists of individuals and companies with non-performing loans to curb a rise in bad debt as the industry stumbles amid low oil prices. The…
- 10 Aug 2015
Buhari Hunts for Stolen Billions @ NNPC after Futile Attempt as Military Ruler
As oil minister during military rule in the 1970s, Muhammadu Buhari oversaw the birth of the Nigerian National Petroleum Corporation (NNPC). Bloomberg reported that, now, as democratically elected…
- 22 Jan 2016
S&P Says Nigeria will Have to Devalue Naira in 2016
Ratings agency Standard & Poor's says that Nigeria will have to devalue its currency, saying it expected this to happen at some stage in 2016 and in gradual adjustments. Investors have seen a…
- 11 Feb 2016
FG Denies Shelving Eurobond Sale, Plans March Roadshow
The federal government has denied that it has shelved a planned Eurobond sale for as much as $1 billion to plug its fiscal deficit and will start meeting investors next month, according to Kemi…
- 6 Apr 2016
50 Tops Notable Leaders To Attend Change Leadership Organisation Executive Roundtable
The Change Leadership Organisation, focused on empowering organisations and leaders across Africa to lead transformational change, has announced its exclusive event, The Change Leadership Executive…
- 13 Apr 2016
Phillips, Agbaje, Others to Lead Discussion On RoIs in Uncertain Times
Foluso Phillips, chief executive officer, Philips Consulting Group Nigeria, Segun Agbaje, chief executive officer of GTbank Nigeria Plc are expected to lead a roundtable on change, experience…
- 17 Jan 2018
AfDB Expects Nigeria’s Economy to Grow at 2.1% in 2018
The African Development Bank (AfDB) has predicted a positive outlook for Nigeria’s economic in 2018. The bank in its 2018 African Economic Outlook projected that Nigeria’s economy would grow at 2.1…
- 10 Oct 2018
IMF casts gloomy cloud over Nigeria’s economy
By Lukman Otunuga, Research Analyst at FXTM Market optimism over Nigeria’s economic recovery received a blow in September following an International Monetary Fund (IMF) statement that the nation was…
- 4 Dec 2018
Naira Extends Losses in Parallel Market
By Lukman Otunuga A depreciating Dollar has done little to stem the Naira’s decline on the parallel markets with the local currency sinking towards 369N. Political uncertainty ahead of the…
- 25 Jul 2019
Nigeria Rate Cut on the Horizon as Global Monetary Easing Cycle Gains Momentum
By Lukman Otunuga, Senior Research Analyst at FXTM Unfavorable macroeconomic conditions across the globe have prompted major central banks to embark on a monetary easing cycle to counter a global…
- 24 Jan 2020
Markets Attempt to Find Surer Footing amid Coronavirus Concerns
By Han Tan, Market Analyst at FXTM, Asian currencies and equities are advancing amid subdued trading volumes on the eve of the Lunar New Year, despite news that the death toll from the coronavirus’…
- 27 Jan 2020
Nigeria Week Ahead - CBN on Mission to Tame Inflation
By Lukman Otunuga, Senior Research Analyst at FXTM, Rising fears over the human and economic cost of the coronavirus in Asia should set a negative tone across global markets in the week ahead.…