30 results
- 20 Oct 2019
Expert causions Nigeria on Adherence to its Oil Cap
Lukman Otunuga, senior research analyst at FXTM, an award-winning international forex broker has described Nigeria’s 2020 revenue targets as highly optimistic if the country could maintain its…
- 18 Nov 2020
Free Naira Floating will Hurt Consumers, Expert Warns CBN
Mr. Lukman Otunuga, senior research analyst at FXTM Global, has warned that free float of the naira will hurt consumers at this time. Mr. Godwin Emefiele, CBN governor This is coming as the Central…
- 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…
- 25 Sept 2019
Market Sentiment Sours on Rising US Political Risk
By Lukman Otunuga, Senior Research Analyst, FXTM Rising political risk in the United States has joined the growing list of negative themes weighing heavily on global sentiment. In a dramatic…
- 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…
- 17 Sept 2019
Who are the Biggest Winners and Losers from Surging Oil Prices?
By Lukman Otunuga, Senior Research Analyst, FXTM The explosive appreciation in oil prices could not have come at a more testing period for the global economy currently embroiled in trade wars,…
- 12 Sept 2019
Oil Bulls Inspired by Lower US Stockpile
By Lukman Otunuga, Senior Research Analyst, FXTM Oil prices rose more than 1% on Wednesday after the US reported a sharp drop in crude stockpiles soothed oversupply concerns. Speculation around OPEC+…
- 20 Aug 2019
Global risk sentiment revived by stimulus hopes…but for how long?
By Lukman Otunuga, Senior Research Analyst, FXTM A sense of positivity is sweeping across financial markets on Tuesday amid signs of progress in trade negotiations and hopes of stimulus in major…
- 16 Aug 2019
CBN Rate Cut on the Horizon as Inflation Slows to 12-Month Low
By Lukman Otunuga, Senior Research Analyst, FXTM The latest inflation figures from the Nigerian economy are certainly good news for the Central Bank of Nigeria (CBN) and the economy as a whole.…
- 26 Aug 2019
Nigeria Week Ahead
By Lukman Otunuga, Senior Research Analyst FXTM Escalating trade tensions are set to dominate market sentiment in the week ahead following the explosive developments on the US-China trade front last…
- 9 Aug 2019
Warning lights flash red as UK economy contracts in second quarter
By Lukman Otunuga, Senior Research Analyst,FXTM Confidence over the health of the UK economy was dealt a gut-wrenching blow this morning after GDP growth contracted for the first time since 2012 in…
- 13 Oct 2025
Week Ahead: Nigeria CPI, US-China trade woes, big bank earnings
By Lukman Otunuga, Senior Research Analyst, FXTM The biggest macro event for Nigeria will be September ’ s CPI report on October 15 th which is likely to show inflation easing to 18.8% year-on-year…
- 7 Oct 2019
Oil Prices Slip as Global Economic Outlook Darken
By Lukman Otunuga, Senior Research Analyst, FXTM The taps on oil prices are set to leak in the week ahead due to growing evidence of a global slowdown and rising fears of falling demand for Crude…
- 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…
- 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…
- 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 Feb 2020
Nigeria Stands Tall amidst Global Market Chaos
By Lukman Otunuga, Senior Research Analyst at FXTM, 2019 was packed with uncertainty thanks to persistent trade drama, global growth fears and volatile oil prices. Unfavourable global economic…
- 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 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…
- 1 Sept 2020
Is Nigeria Heading for a Technical Recession?
By Lukman Otunuga, Senior Research Analyst at FXTM, Nigeria’s monetary and fiscal policymakers face enormous challenges as the country confronts a looming technical recession just three years after…
- 13 Mar 2020
Market Chaos Intensifies as Coronavirus Spreads Economic Gloom
By Lukman Otunuga, Senior Research Analyst at FXTM, Things just got even worse for financial markets as rising panic surrounding the coronavirus pandemic pummeled equities across the globe. Asian…
- 1 Feb 2021
Nigeria Monetary Policy Makers in Tight Spot as Stagflation Takes Hold
By Lukman Otunuga, Senior Research Analyst at FXTM Nigerian monetary policymakers face three main pressures this quarter: the ongoing COVID-19 pandemic and a pressing need for economic stimulus in…
- 27 Oct 2020
PMI’s, Oil & Naira in focus
By Lukman Otunuga, Senior Research Analyst at FXTM , The outlook for Nigeria’s economy has been clouded by uncertainty following weeks of youth protests across the country. Although Residents are now…
- 28 Nov 2019
Nigeria Maintains Resilience against Global Risks
By Lukman Otunuga, Senior Research Analyst at FXTM, There was a collective sigh of relief across the Nigerian economy in November after official reports confirmed that economic growth accelerated to…
- 17 Jan 2020
CBN to maintain status quo on rates as inflation quickens
Lukman Otunuga, Senior Research Analyst at FXTM, The latest inflation figures from Nigeria will most likely deter the Central Bank of Nigeria (CBN) from cutting interest rates anytime. Consumer…
- 25 Jun 2020
IMF Casts Gloom Clouds Over Nigeria’s Economy
By Lukman Otunuga, Senior Research Analyst at FXTM How Nigeria navigates through the coronavirus storm will certainly influence its economic outlook well beyond 2020. Over the past few months, the…
- 21 Aug 2020
Dollar Scarcity Worsens, NSE Fails to Join Party
By Lukman Otunuga, Senior Research Analyst at FXTM, Who would have thought that nearly six months after the coronavirus menace paralysed the global economy and battered financial markets, world…
- 8 Jan 2020
Iran strikes back at US Risk aversion reigns
By Lukman Otunuga, Senior Research Analyst at FXTM, A tidal wave of risk aversion engulfed financial markets on Wednesday, after Iran launched retaliatory missile strikes against US forces in Iraq.…
- 11 Dec 2019
Nigeria Expected to Expand 2.38% in Q4; Fed Meeting in Focus
By Lukman Otunuga, Senior Research Analyst at FXTM, A sense of confidence restored over the Nigerian economy this week. This comes after the Central Bank of Nigeria (CBN) governor stated that…