30 results
- 20 Jul 2018
CBN Begins Chinese Yuan sales
The Central Bank of Nigeria (CBN) on Friday launched the sale of foreign exchange in Chinese Yuan (CNY) signalling the consummation of the Nigeria-China Currency Swap Agreement. The CBN acting…
- 14 Aug 2019
Market Mood Brightens on China Tariff Delay
By Lukman Otunuga, Senior Research Analyst, FXTM A ‘risk-on’ vibe is sweeping across financial markets after the US Trade administration (USTR) announced that it will remove some items from its…
- 22 Apr 2026
Ecobank in Talks with Bank of China for Direct Yuan Settlement
Ecobank, Pan-African lender, said it is in advanced talks with the Bank of China to set up a direct yuan settlement system by the end of 2026, eliminating the need to use the U.S. dollar as an…
- 4 Jan 2021
Dollar kicks off 2021 on the backfoot, Gold shines
By Hussein Sayed, Chief Market Strategist at FXTM The Greenback remains an unloved currency on the first trading day of 2021. Low interest rates and an improving economic outlook following vaccines…
- 26 Feb 2018
United States Dollar struggles ahead of Jerome Powell’s Congress testimony
The recent forex analysis has shown that Dollar is under threat to losses once again, with the Greenback at time of writing currently trending lower against all of its G10 counterparts, with the…
- 6 Nov 2024
US Elections: Trump Wins! What Does this Mean for Nigeria?
By Lukman Otunuga, Senior Market Analyst At FXTM America has chosen Republican Donald Trump as its 47th president following a tight race for the White House! As of writing, Trump has secured 277…
- 10 Jan 2019
Naira to Find Support From Rising Oil Prices; Dollar softens
By Lukman Otunuga, Research Analyst at FXTM, The Dollar tumbled against a basket of major currencies on Wednesday evening, after minutes from the latest FOMC meeting revealed policymakers had adopted…
- 7 Nov 2016
FTSE 100 Crushed as Pound Leaps Higher
While the impending US election vote is continuing to drive all headline attention, the FTSE 100 concluded the week losing over 1.4% and dipping below the psychological 7000 milestone level as a…
- 21 Jan 2017
FXTM Analysis: Market Reacts to Trump Inauguration
Everyone around the world is watching what was unthinkable this time last year, actually become a reality. So far, the reaction on the markets has been fairly muted and you would have thought…
- 12 Jun 2017
FXTM Analysis: Markets Behaving Calmly as UK Election Aftermath Begins
FXTM Vice President of Market Research, Jameel Ahmad comments on the financial markets following the UK general election result. All major headlines and attention are still surrounding the United…
- 14 Aug 2018
CBN Boosts Foreign Exchange with $210m
The Central Bank of Nigeria has sustained its intervention in the inter-bank foreign exchange market by injecting 210 million dollars into the various segments of the market. Mr Isaac…
- 21 Sept 2018
Optimism Builds that Dollar Turning Corner Lower
By Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM Currencies throughout Asia have welcomed the news that the Dollar has tumbled to a near 3-month low. A number of…
- 3 Dec 2018
Naira Struggles to Benefit from US-China Trade Truce
By Lukman Otunuga, FXTM Research Analyst Optimism over the temporary trade truce announced between the two largest economies in the world after the G-20 Summit in Argentina last weekend has played a…
- 15 Jan 2019
Will Nigeria be affected by Brexit?
By Lukman Otunuga, Research Analyst at FXTM Market expectations remain elevated over Theresa May’s Brexit deal facing defeat in the House of Commons this evening. Investors will be paying very close…
- 6 Aug 2019
Markets Shudder as Trade Tensions Reach Ear-Piercing Crescendo
By Lukman Otunuga, Senior Research Analyst at FXTM Investors are struggling to shake off the pounding hangover from yesterday’s dramatic global selloff as US-China trade tensions took a dangerous…
- 10 Oct 2019
Mixed Trade Negotiation Signals Rattle Financial Markets
By Hussein Sayed, Chief Market Strategist, FXTM Investors across the globe are closely monitoring the high-level US-China trade talks, which will kick off today as China’s Vice Premier Liu He sits on…
- 7 Nov 2019
US-China mini trade deal hits setback
By Hussein Sayed, Chief Market Strategist at FXTM · US-China trade deal could be delayed until December · Bank of England to keep rates unchanged · Sterling traders focused on MPC votes A lot of…
- 18 Dec 2020
WorldRemit Identifies Top 20 Migrant Moments of 2020 @ International Migrants Day
WorldRemit, a leading cross-border payments company, celebrated International Migrants Day yesterday by announcing its list of the top 20 Migrant Moments of 2020. This list features developments…
- 24 Nov 2013
ForexTime off to Shanghai for Money Fair
EU regulated and global forex broker ForexTime Ltd (FXTM) has given the surest sign yet of the company’s strong growth and ambitious development plans by announcing the company’s participation in the…
- 3 Dec 2019
Nigeria Navigates Through Choppy Global Macroeconomic Waters
By Lukman Otunuga, Senior Research Analyst at FXTM , The Nigerian economy continues to display resilience against heightened geopolitical risks in the form of trade uncertainty, Brexit, volatile oil…
- 14 Jun 2016
Red Star Boss Commends FG On Currency Swap
Mr. Sule Bichi, group managing director of Red Star, one of Nigeria’s logistics company, has commends the Federal Government of Nigeria for its currency swap policy of Naira to Yuan, pointing…
- 31 Aug 2015
How Infinix Mobility Emerged 1st African Smartphone Online Brand in 3 years
Infinix Mobility has marked a significant turning point in the telecommunication ecosystem. In collaboration with Google, the number one Internet giant, Infinix Mobility released Infinix Hot 2 as the…
- 9 Dec 2021
Championing Financial Literacy in the Digital Economy
Digital technology has made financial services borderless and allowed access to other countries' financial products and services. Financial markets have become more digitized, and new currencies have…
- 11 Sept 2024
Huawei's Tri-Foldable Phone Stirs Chinese Pride but $2,800 Price Tag Panned
Huawei’s new tri-foldable smartphone has ignited nationalistic pride in China with social media abuzz with what supporters see as its ability to out-innovate Apple (AAPL.O), opens new tab despite…
- 9 Apr 2014
Microsoft Partners Lenovo, Tencent to offer XP Tech Support
Microsoft Corp has partnered Lenovo Group Ltd and Tencent Holdings Ltd to provide software security services for Windows XP users in China, after the U.S. tech firm stopped updating the operating…
- 10 Jan 2023
Jetstream, a Ghanaian e-logistics platform Raises $13M Debt, Equity Funding
The market for cross-border logistics services is said to hit revenues of $32 billion by 2025, with several companies vying for market share in the ever-growing competitive industry. Ghanaian…
- 13 Apr 2016
Nigeria Agrees Currency Swap with China to Shore up Naira
Nigeria has agreed a currency swap deal with China, officials said, as it looks for ways to shore up its ailing currency and fund a record budget deficit, possibly by issuing yuan-denominated bonds…
- 28 Jun 2015
Online Bank for SMEs Established
Alibaba's financial affiliate debuted Internet bank MYbank yesterday, targeting small and medium Chinese enterprises that have struggled to obtain credit from major financial institutions. MYbank,…
- 16 Apr 2019
Nigeria’s Inflation Falls Slightly in March; Gold Edges Lower
By Lukman Otunuga, FXTM Research Analyst , In a favourable development, Nigeria’s inflation has eased to 11.25% in March from 11.31% in February, despite speculation of increased government spending…
- 5 Aug 2019
Huawei Mulls Alternative Android OS, ‘Hongmeng OS‘ by Year End
Huawei is testing its smartphone armed with the self-developed Hongmeng operating system (OS) reports by Global Times, Chinese state-owned media outlet has revealed. According to the report, the…