29 results
- 27 Sept 2020
Nigerian Manufacturing Sector Contracts for 5th Consecutive Month – CBN
The Manufacturing Purchasing Managers’ Index (PMI) in September stood at 46.9 index points, indicating a contraction in the Nigerian manufacturing sector for the fifth month. This was disclosed by…
- 22 Apr 2022
SHAREit Ranks Among Top 5 Global Media Sources Driving Non-Gaming Global in-App Purchases in AppsFlyer's Performance Index 14
SHAREit Group, a global technology company, has announced that its digital content sharing and streaming app SHAREit, has been ranked No.4 media source globally in volume and power rankings in…
- 13 Jul 2020
Nigerian Economy in Record Fall Due to COVID-19 – Report
A report by the Stanbic IBTC Nigeria Purchasing Managers’ Index (PMI) said that the advent of COVID-19 virus pandemic in Nigeria has led to a record fall in employment generation in the country. The…
- 6 Sept 2016
Bloomberg Insight: PMI Suggests Economy Hasn’t Reached Bottom Yet
The renewed decline in oil production and a sliding Purchasing Managers Index suggests that the Nigerian economy has not yet reached a trough, even after a deeper GDP contraction in the second…
- 1 Jan 2014
NOIPolls Commences Journey to 2015 Elections with Bi-Monthly Polls
NOIPolls Opinion Polling Center; NOPC said that it is adding an exciting aura to the country’s journey to 2015 Elections with a bi-monthly polls on the Nigerian voting public, “our snap polls…
- 23 Jun 2020
Sentiment Whipsaws on US-China Trade Mixup; NSE Slips
By Lukman Otunuga is a Senior Research Analyst at FXTM, Over the past few hours, risk sentiment has swung between two extremes thanks to conflicting statements from the White House over the US-China…
- 16 Apr 2019
Nigeria Week Ahead: Inflation Data, China and Dollar in Focus
By Lukman Otunuga, FXTM Research Analyst, Nigeria will release updates on its inflation numbers in the week ahead, amid easing concerns over slowing global growth and broad-based Dollar weakness.…
- 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…
- 24 May 2017
0.5% GDP Contraction: Nigeria May Shock the Global Arena Soon- Otunuga
Following reports on Tuesday that Nigeria’s economy continued its slump and contracted for a fifth consecutive quarter in the three months through March as oil output declined, a research analyst has…
- 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…
- 9 Jun 2025
Confidence in Nigerian Economy Grows as Forex Inflows Reach $5.96Bn
Foreign exchange inflows from domestic sources have reached their highest level in six years, according to a report by the Central Bank of Nigeria (CBN). The increase reflects a growing confidence in…
- 30 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…
- 30 Aug 2017
Stanbic IBTC Grows Half-Year Profit by 113%
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has reported a profit after tax at N24.112bn for the 2017 half year, which represents a growth of 113 per cent compared to N11.317bn…
- 1 Aug 2018
Diamond Bank Records 3m Digital Customers
Diamond Bank Plc has strengthened its retail business segment with digital customers of three million for the second quarter ended June 30, 2018. Mr Uzoma Dozie, the bank’s Chief Executive Officer,…
- 26 Apr 2019
Nigeria’s PMI in Focus; Dollar Soars to Fresh 2019 High
By Lukman Otunuga, FXTM Research Analyst, The main risk event for the Nigerian economy today will be the pending Manufacturing and Non-manufacturing PMI reports for April. Investors will be keeping a…
- 19 May 2020
Risk Appetite Flickers to Life on Vaccine Hopes, Nigeria Inflation in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM, Investors across the globe have been injected with a renewed dose of confidence towards risk as governments relax lockdown measures and…
- 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…
- 5 Nov 2013
Slavery Industry Holds 30m People, Generates 32Bn Profit
The slavery industry which holds around 29.8 million people in the most inhuman conditions generates over $32 billion in profits globally according to a guide by Traidcraft, CIPS and the Walk Free…
- 18 Aug 2021
Court Grants CBN Request to Freeze 9 Firms Accounts over Illegal Forex Deals
Federal High Court, Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze 86 accounts of some companies and individuals allegedly involved in fraudulent foreign exchange…
- 28 Sept 2020
FG Offers to Support TStv to Relaunch with Pay per View Model
National Broadcasting Commission (NBC) has pledged to give necessary support to TStv Africa as the indigenous digital satellite TV service begins full operation with pay per view model on October 1,…
- 17 Sept 2015
New CBN Rule will Spur Online Market Activity- Jovago
In a bid to fast-track the transition of Nigeria’s cash-based economy to an online payments system, the Central Bank of Nigeria (CBN) has issued a directive which places existing withdrawal limits on…
- 25 Feb 2019
Nigeria Lags in Internet Speed, Sits at 107th Position
Telecommunications operators providing mobile broadband services in the country are focusing much on penetration without efforts on speed of broadband evident in Nigeria’s lag in broadband speed…
- 18 Mar 2017
Garmin, MTN Nigeria Partner on Health and Fitness Devices
Garmin in collaboration with MTN Nigeria partner to introduce a range of world class health and fitness devices to help boost fitness standards while maintaining a healthy lifestyle. There is an…
- 18 Oct 2016
FXTM: U.S. Earnings, ECB meeting, Chinese GDP & Final Presidential Debate
Asian shares reversed early gains on Monday while the greenback held steady at its highest levels in seven months in what seemed to be a slow start for a busy week. U.S. equities received a boost on…
- 14 Dec 2016
Garmin Partners MTN to Launch Lifestyle Technologies
Garmin, an innovative lifestyle technology company recently partnered with MTN and launched a range of wearable tech watches into Ghana to encourage people to live a more active lifestyle. Garmin’s…
- 7 Mar 2013
Piracy is Killing Nigerian Economy-Onyeje
Emmanuel Onyeje, country manager, Microsoft (Nigeria), has warned that piracy, particularly in the IT industry pose a huge problem to the Nigeria’s economy. Onyeje also spoke of efforts by Microsoft…
- 9 Sept 2021
How E-commerce Promotes Local Restaurants, African Cuisines
Since covid-19 entered the global equation in the early part of 2020, business operations and other human activities have been reshaped to embrace digitalization. The online community has thus…
- 9 Jul 2024
AVEVA Unveils Key learnings from AVEVA 2023 Sustainability Progress Report
AVEVA, a global leader in industrial software, launches AVEVA’s 2023 Sustainability Progress Report and the first edition of the AVEVA Industrial Intelligence Index at London Tech Week 2024 where the…
- 17 Oct 2025
Nigeria’s Inflation Drop: Has Life Become Any Easier?
By Blaise Udunze When the National Bureau of Statistics (NBS) yesterday announced that Nigeria’s inflation rate had dropped to 18.02 percent in September 2025, the news was met with official…