30 results
- 29 Apr 2019
Nigeria Week Ahead: Foreign Exchange Reserves, Fed and BoE in Focus
By Lukman Otunuga, FXTM Research Analyst Nigeria will unveil updates on its latest foreign exchange reserve figures in the week ahead, amid renewed optimism over the progress of US-China trade talks.…
- 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. …
- 29 Oct 2019
Nigeria on Bumpy Road to Recovery; Foreign Exchange Reserves in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM, The Nigerian economy still remains on a rocky road to recovery in the face of depressed oil prices, US-China trade uncertainty and fears over…
- 29 Nov 2019
Nigeria Foreign Reserves Fall in November; Markets on Standby
By Lukman Otunuga, Senior Research Analyst at FXTM, The Naira may struggle to maintain stability against the Dollar after Nigeria’s foreign exchange reserves decreased to $39.83 billion in November…
- 3 Mar 2026
Nigeria's Net Reserves Surge 50% to $34.8bn in 2025 – CBN Governor
Nigeria's net foreign exchange reserves surged to $34.80 billion by end-2025, Central Bank Governor Olayemi Cardoso disclosed, marking a 50.58 percent rise of $11.69 billion from $23.11 billion in…
- 4 Apr 2014
Nigeria Forex Reserves Add Quick $50m in 2 Days
The country’s foreign reserves which have been on decline for the past two months reversed the trend with $47 million increase in just in two days. The reserves were at $37.80 billion on March 31 but…
- 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.…
- 10 Feb 2020
Nigeria Week Ahead – Stocks, Oil and Coronavirus in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM, Speculation over central banks easing monetary policy in the face of coronavirus fears and slowing global growth may support appetite for riskier…
- 29 Mar 2016
U.S. Presses Nigeria to Devalue Naira
United States said on Monday it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa's largest economy. Linda…
- 3 May 2017
FXTM Analysis: Nigeria’s Economy Remains Resilient
Nigeria has displayed some resilience against the ongoing recessionary headwinds in 2017, with domestic data currently suggesting early signs of a potential recovery in economic growth. An…
- 22 Mar 2026
CBN Wins Central Bank of the Year Title @13th Global Awards
Central Bank of Nigeria (CBN) has been named Central Bank of the Year 2026 by an awards committee in London. The award recognises the bank’s major reforms that helped stabilise Nigeria’s economy and…
- 1 Aug 2017
Opinion: Is Nigeria poised for an Economic Rebound?
It has certainly been a lively year for the Nigerian economy as it continues to diversify away from oil reliance while juggling with a currency crisis and Dollar shortages created by low oil prices.…
- 29 Aug 2017
Opinion: Will Nigeria Shock the Global Arena in H2?
The largest economy in Africa has certainly had a presence in the third quarter of 2017. Investors across the globe are becoming increasingly optimistic over Nigeria’s economic outlook, as the nation…
- 29 Mar 2018
Nigeria’s economic recovery poised to build momentum in Q2
by Lukman Otunuga Market optimism over the recovery of Africa’s largest economy has increased steadily throughout the first trading quarter of 2018. The combination of appreciating oil prices,…
- 29 May 2017
Economy: Nigeria on a Rough Road to Recovery
Research Analyst at FXTM, Lukman Otunuga, writes on the Nigeria’s tedious task of economic recovery. The rising confidence in the recovery of Nigeria’s economy was dealt a heavy blow in May following…
- 3 Jun 2019
Nigeria Week Ahead: ECB Meeting, US Jobs Report and Oil in Focus
By Lukman Otunuga, FXTM Research Analyst, It will be another busy week for financial markets as investors grapple with trade tensions, Brexit, depressed oil prices and concerns over slowing global…
- 4 Mar 2013
External Reserves Up 3.5%, Hits $47.38Bn in Feb
Central Bank of Nigeria (CBN), at the weekend put the nation’s external reserves on February 28, 2013, at $47.38 billion, the highest in four years, rising by $1.603 billion or 3.5 per cent over the…
- 4 Apr 2024
ICTLOCA Backs CBN's Forex Policy
The Association for Information and Communication Technology on Local Content (ICTLOCA) has emerged as a prominent voice in Nigeria's digital landscape, advocating for the promotion and development…
- 30 Mar 2017
Nigeria: IMF’s Warning Weighs Heavily On Sentiment- FXTM
The improving sentiment towards the Nigerian economy was dealt a heavy blow in March following reports of the International Monetary Fund’s (IMF) warning of a potential economic collapse if the…
- 5 Apr 2017
FXTM Analysis: IMF’s Warning Weighs Heavily on Sentiment in Nigeria
The improving sentiment towards the Nigerian economy was dealt a heavy blow in March following reports of the International Monetary Fund’s (IMF) warning of a potential economic collapse if the…
- 1 Mar 2019
Victory hands Buhari second chance to lead Nigeria
By Lukman Otunuga, FXTM Research Analyst. The people of Nigeria have decided to grant President Muhammadu Buhari another chance to restore and stabilize the economy. Although there was a combination…
- 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…
- 14 Mar 2021
Nigeria Week in Review: “Naira 4 Dollar“ & Oil in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM It was a week defined by fluctuating bond yields, easing inflation fears, monetary bazookas, and U.S stimulus hopes. For Nigeria, the spotlight was…
- 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.…
- 25 Jun 2018
Nigeria’s Economy under Buhari...for better or worse?
by Lukman Otunuga There was a high degree of optimism over Buhari changing Nigeria for the better by reviving economic growth and fighting corruption &insecurity. Much has happened over the past…
- 23 Sept 2016
NES#22: Time to Embrace ‘Made in Nigeria’ by Nigerians- Senator Udoma
The Nigerian Economic Summit Group (NESG) has highlighted the need to embrace self- sufficiency as a viable alternative to improve Nigeria’s dwindling economy. The Group made the call during a press…
- 5 Dec 2018
Nigeria’s Economy Still Tied to Oil’s Fortunes
By Lukman Otunuga The Nigerian economy was exposed to an array of risk factors during H2 ranging from severely depressed Oil prices, falling external reserves, geopolitical tensions, and…
- 12 Feb 2016
Future of Nigeria’s Economy Lies on Software Technology- Systemspecs
Nigeria has the capacity to influence the global software technology landscape and reap the huge attendant benefits if the government makes a conscious effort to actualise the prosperous future that…
- 21 Dec 2018
Nigeria ends 2018 on a cautious note; 2019 elections in focus
By Lukman Otunuga, It has been another monumental year for the Nigerian economy which continued to display resilience against domestic and external headwinds. The healthy combination of easing…
- 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…