30 results
- 12 Aug 2024
Inflation, Naira and Oil in Focus
By Lukman Otunuga is Senior Financial Market Analyst with FXTM Some semblances of stability have returned to global markets after US recession fears created shockwaves last week. Lukman Otunuga…
- 17 Feb 2026
Nigeria Inflation Eases, US–Iran Diplomacy Resumes, Fed’s PCE Gauge Looms Large
By Lukman Otunuga, Senior Market Analyst, FXTM In a welcome development for Nigeria’s economy, inflation unexpectedly slowed in January, with prices rising 15.1% year-on-year. Lukman Otunuga This…
- 13 Apr 2026
Week Ahead: Inflation Shock, Iran War Escalation & $100 Oil
By Lukman Otunuga, Head of Market Research, FXTM. The Naira is the second best performing African currency against the dollar year-to-date, only surpassed by the Zambian Kwacha. Lukman Otunuga Its…
- 8 Dec 2017
CBN Should Cut Interest Rate in 2018 To Boost Investors' Confidence- Otunuga
Lukman Otunuga is a research analyst at FXTM. Prior to joining FXTM, Lukman spent two years as a research analyst with international currency broker FXCM, where he focused on technical and…
- 24 Nov 2025
Nigeria Week Ahead: CBN Decision, UK Autumn Budget & US Data in Focus
By Lukman Otunuga, Manager, Market Analyst, FXTM Despite the shortened holiday week, November could end with a bang due to a lineup of high-impact events. Lukman Otunuga, Manager, Market Analyst,…
- 25 Sept 2016
Reasons Naira May Hit N500 to $1 Before Year End- Otunuga
Lukman Otunuga, a research analyst at FXTM a keen follower of macroeconomic events, with a strong professional and academic background in finance, has once again predicted that certain external and…
- 1 Mar 2017
NBS Report: Web of Alternative Forex Blocks Economic Recovery- Otunuga
Lukman Otunuga, an economic expert with penchant in the currency market, has rued that Nigeria’s web of alternative foreign exchanges remains a major stumbling block to a sustainable economic…
- 22 Aug 2018
GDP Growth in Nigeria Still Remains in Diversification - Otunuga
Lukman Otunuga is a research analyst at FXTM. A keen follower of macroeconomic events, with a strong professional and academic background in finance, He is well versed in the various factors…
- 17 Mar 2019
Otunuga Tasks Buhari on Economic Growth
Lukman Otunuga, a research analyst at FXTM, an award-winning international forex broker, has urged President Muhammadu Buhari to use this new four years given to him to bring about change that will…
- 14 Mar 2019
Otunuga Lobbies FG to Retain Emefiele as CBN Governor
Lukman Otunuga, a research analyst at FXTM, award-winning international forex broker, has said that the decision to change or retain or change the governor of the Central Bank of Nigeria will impact…
- 27 Mar 2019
CBN May Cut Interest Rates Again Grow Economy- Expert
Lukman Otunuga, research analyst at FXTM, has said the the Central Bank of Nigeria (CBN) would likely cut interest rates further if macro-economic conditions in the country improve. Otunuga…
- 26 Jul 2016
Analysts React to CBN New MPR, Falling Naira
Mr. Lukman’ Otunuga, research analyst of FXTM, said the global markets received with shock the Central Bank of Nigeria’s decision to increase the monitory policy rate from 12 to 14 per cent. Otunuga…
- 28 Feb 2019
Otunuga Urges FG to Intensify Efforts at Diversifying the Economy
Lukman Otunuga, Research Analyst at FXTM has said that the outcome of the 2019 presidential election could have positive impact on investors’ confidence only if the federal government intensifies…
- 30 Oct 2017
Heavy Hitters Give Nigeria The Thumbs Up
By Lukman Otunuga, Research Analyst October was certainly another positive month for the largest economy in Africa, which has yet again showcased its brawn and resilience on the global stage. Annual…
- 9 Jan 2018
Opinion: Nigeria Ends 2017 on a Firm Footing
By Lukman Otunuga It has certainly been a phenomenal and somewhat pivotal year for the Nigerian economy which managed to climb out of its first recession in 25 years, during the second quarter of…
- 19 Aug 2018
Otunuga Urges Nigeria to Move Away from Oil as Major Export Commodity
Lukman Otunuga, research analyst at FXTM, has urged the federal government of Nigeria to move away from oil as a major export commodity for the country and look at other sustainable sources. …
- 10 Mar 2017
ERGP 2017- 2020: How FG Can Achieve 7% Economic Growth- Otunuga
Following the unveiling, on Tuesday, the much expected Economic Recovery and Growth Plan (ERGP) 2017-2020, Lukman Otunuga, research analyst at FXTM has admonished the Government on critical measures…
- 26 Jun 2016
CBN Should Eliminate Factors Working Against Naira- Otunuga
The painful combination of declining oil prices and an appreciating Dollar has punished the Nigerian economy with the Naira being left under immense pressure, said Lukman Otunuga, a research analyst…
- 3 Aug 2018
Nigeria inches closer to rate cut as outlook improves
by Lukman Otunuga, Research Analyst at FXTM July was another encouraging trading month for the Nigerian economy, thanks to the stabilizing macroeconomic environment. Annual inflation…
- 1 Jul 2017
Nigeria Marches into Q3 with A Mission to Stabilize
Lukman Otunuga, Research Analyst at FXTM writes: It’s quite interesting how, despite several months of disappointing domestic data and ongoing recessionary woes, Nigeria remains resilient, with the…
- 19 Jun 2020
Inflation Jumps, Oil Prices Rise while Naira Stabilizes
By Lukman Otunuga, Senior Research Analyst at FXTM, In the face economic instability and uncertainty, Nigeria eased lockdown restrictions this month to jumpstart growth. The opening up of more…
- 25 Apr 2017
FXTM Analysis: French Election Relief Rekindles Risk Sentiment
FXTM Research Analyst Lukman Otunuga comments on the potential market effects of the forthcoming French presidential elections. Financial markets received a solid boost during early trading on…
- 6 Feb 2017
Sad! Value of Naira Determined by Forex 'Black' Market- Otunuga
An economic research analyst has bemoaned the inability of the Central Bank of Nigeria to contain the free fall of the Naira in the currency market. Lukman Otunuga, a research analyst at Forex Time…
- 22 Mar 2017
There’re Signs CBN May Cut Monetary Policy Rates Soon- Lukman
In spite the Central Bank of Nigeria (CBN) Monetary Policy Committee’s decision on Tuesday to retain the country’s benchmark interest rate at 14 percent, Lukman Otunuga, research analyst at Forex…
- 6 Jan 2021
2021: Time for Nigeria to Move into Higher Gear?
by Lukman Otunuga, Senior Research Analyst at FXTM 2020 will be remembered for its extraordinary uncertainty, explosive market volatility, unprecedented events, supply chain upheavals and a worldwide…
- 24 Mar 2020
Will the Central Bank of Nigeria Pull the Rate Cut Trigger?
By Lukman Otunuga, Senior Research Analyst at FXTM, As the coronavirus outbreak creates shockwaves across the globe, central banks and governments are enforcing emergency measures to defend their…
- 15 Oct 2023
Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM, The combination of mounting geopolitical risk and Fed rate expectations rocked global financial markets last week. Volatility is likely to…
- 4 Jul 2017
FXTM Analysis: Is Market Volatility Making A Return?
FXTM Research Analyst Lukman Otunuga comments on Asian stock movements, following rising US – China tensions over North Korea. Asian stocks concluded lower on Tuesday while European equities…
- 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…
- 30 Aug 2018
Nigeria Foreign Exchange Reserves in focus, Gold slips
By Lukman Otunuga, Research Analyst at FXTM, The Nigerian Naira maintained stability against the Dollar on Thursday despite growing expectations over higher US interest rates this year. …