30 results
- 15 Feb 2010
European Bank Loans $330 Million to 3 Nigerian Banks
European Investment Bank (EIB) has granted a N240 million loan ($330 million) to three Nigerian banks for the development of infrastructural facilities in the country. The three banks that benefited…
- 11 Dec 2017
Bitcoin Future Trading Kicks Off, Investors Awaiting Central Banks Decisions
Hussein Sayed, chief market strategist at FXTM, comments on bitcoin trading entering a new phase today and how investors are awaiting central banks decisions. Trading bitcoins entered a new…
- 22 Sept 2016
FXTM Analysis: Central Bank Policy Meetings in Focus
A strong feeling of anxiety engulfed the financial markets on Wednesday as investors awaited the heavily anticipated Fed and BoJ central bank policy meeting decisions which have the ability to create…
- 16 Sept 2016
Central Banks Form Task Force on Payments Fraud
A committee of the world's major central banks said on Friday it has launched a task force to examine cyber security in cross-border banking and to ensure interbank payments are protected. "Recent…
- 22 Oct 2019
Will the Central Bank of Nigeria Cut Interest Rates in November?
By Lukman Otunuga, senior research analyst at FXTM, Rising inflationary pressures in Nigeria will certainly complicate the Central Bank of Nigeria’s efforts to cut interest rates to stimulate growth.…
- 27 Apr 2020
Unlimited Support from Central Banks Keeps Markets Energise
By Hussein Sayed, Chief Market Strategist at FXTM Asian equities kicked off Monday trading on a positive note with most benchmarks rising more than 1%, led by a 2.5% rally in the Nikkei 225. US…
- 6 Mar 2023
European Investment Bank Unveils Fibre Plan for 2.5m Africans
As efforts to close the gap on digital divide in Africa accelerate, European Investment Bank (EIB) has unveiled a bold plan to connect more than two million people in the Democratic Republic of the…
- 19 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 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…
- 26 Jan 2018
Emefiele warns Investors on cryptocurrencies
Central Bank of Nigeria (CBN) recently cautions Nigerians against investing in cryptocurrency, describing such investment has gambling. Mr. Godwin Emefiele, Governor, Central Bank of Nigeria…
- 11 Mar 2020
Global easing builds momentum but will CBN jump aboard?
By Lukman Otunuga, Senior Research Analyst at FXTM, A growing sense of unease and trepidation over how badly the coronavirus outbreak will hit the global economy has left financial markets on…
- 16 Mar 2020
Nigeria Week Ahead – Is Naira Devaluation on the Cards?
By Lukman Otunuga, Senior Research Analyst at FXTM, A darker mood awaits emerging markets as concerns mount over how badly the coronavirus outbreak will hit global growth. Central banks across the…
- 30 Mar 2009
Banks Rush to Beat April 1 Deadline on EMV
Nigerian banks are making last minute efforts to avoid Central Bank of Nigeria’s big stick for non compliance to the directive to upgrade their electronic payment channel to European MasterCard…
- 29 Jun 2016
FXTM Analysis: Markets Stabilize But Have Brexit Jitters Subsided?
Global stocks weathered the Brexit blues during trading on Wednesday with most major markets clawing back previous losses as optimism grew over central banks intervening to stabilize the post-Brexit…
- 15 Jun 2010
Insurance and Banking in Nigeria: Any Relationship?
Under the financial services sector, banks and insurance companies fall within the same tripod, alongside the capital market. As the Central Bank of Nigeria continues in its reform of the banking…
- 23 Mar 2016
IFC, Ecobank, Other Partner to Boost SME Finance Across Africa
IFC, a member of the World Bank Group, the European Investment Bank (EIB) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group and leading pan-African full-service…
- 22 Oct 2018
Higher US Interest Rates Burn through Nigeria’s Reserves
By Lukman Otunuga, Research Analyst at FXTM Defending the Nigerian Naira against the mighty Dollar has come at a steep price to the central bank of Nigeria in the form of falling reserves.…
- 7 Sept 2017
Financial Markets Gripped By Geopolitics
In this write-up, Lukman Otunuga, research analyst at FXTM, comments on the ongoing geopolitical risks affecting markets. Financial markets were firmly gripped by geopolitical risks on Tuesday, as…
- 18 Jul 2016
Week Ahead: U.S. Earnings, ECB Meeting, UK’s PMI- FXTM
U.S. equities finally managed to break above last year’s record highs, supported by solid economic data and prospects of a new round of monetary easing by major central banks. The S&P 500 ended…
- 17 Mar 2026
Deepening Conflict, Oil Price Volatility, Inflation Scare
By Matthew Anthony, Senior Market Analyst- Africa Tensions in the Middle East are sending shockwaves through global markets, stoking fresh inflation concerns as oil prices climb. As these tensions…
- 24 Jul 2018
Keystone Bank Emerges Best Innovative Bank in Africa
Fastest growing financial institution in Nigeria, Keystone Bank Limited, has once again added to its growing list of laurels as the lender recently emerged ‘Africa’s Most Innovative Bank of the Year,…
- 11 Mar 2017
Dollar On Standby Ahead of NFP
FXTM Research Analyst Lukman Otunuga comments on the vulnerable Euro received a lifeline during trading on Thursday with prices springing above 1.0600 following the hawkish surprise from the European…
- 20 Mar 2017
G20 Pledge to Fight Cyber-attack on Global Banking System
The world's biggest economies will pledge to jointly fight cyber attacks on the global banking system, one of the biggest coordinated efforts yet to protect lenders since an $81 million heist of the…
- 12 Jul 2017
FXTM: Investors on the Sidelines Ahead of Janet Yellens Testimony
FXTM Chief Market Strategist Hussein Sayed comments on possible outcomes on Janet Yellen’s Congress testimony tomorrow and the Canadian dollar. With the absence of any top tier news and the markets…
- 22 Oct 2016
Dollars Resurgence Rattles Currency Markets
Stock markets were erratic on Thursday with most major arenas violently swinging between losses and gains as the messy combination of depressed oil prices, a resurgent Dollar and rising ECB stimulus…
- 2 Jun 2020
Nigeria Week Ahead: PMI’s, Trade Balance and NFP in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM, In a move that caught many by surprise, the Central Bank of Nigeria (CBN) pulled the trigger on lower interest rates for the first time since March…
- 13 Jan 2017
FG Applies for Banking Licence for DBN
Federal government has formally applied for operational license for Development Bank of Nigeria (DBN) from the Central Bank of Nigeria (CBN). A statement from the Federal Ministry of Finance…
- 16 May 2019
Market sentiment influenced by trade developments; Nigerian inflation rebounds in April
By Lukman Otunuga, FXTM Research Analyst, It is coincidental how Nigeria’s inflation rate accelerated in April, only a month after the central bank unexpectedly reduced interest rates for the first…
- 22 Jul 2025
Nigeria Week Ahead: CBN decision, ECB and USD in focus
By Lukman Otunuga, Senior Market Analyst, FXTM This will be a week defined by high-impact events and corporate earnings from the largest companies in the world. Nigeria’s central bank is expected to…
- 28 Jun 2017
FXTM Analysis: The Dollar Sinks while Euro Remains Supported
FXTM Research Analyst Lukman Otunuga comments on the IMF’s US growth forecast and the Euro. The last remnants of the once phenomenal Trump rally were thoroughly crushed on Tuesday after the…