Friday, October 30, 2020
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Posts From Lukman Otunuga

PMI, oil & naira in focus

    PMI, oil & naira in focus

The outlook for Nigeria’s economy has been clouded by uncertainty following weeks of youth protests across the country. Although residents are now allowed to leave their homes after a 24-hour

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OPEC world oil outlook in focus

    OPEC world oil outlook in focus

One of the most anticipated publications that influence oil prices will be released this afternoon. Published once a year by the Organisation of Petroleum Exporting Countries (OPEC), the World Oil

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NSE index dips, oil wobbles while dollar smiles

    NSE index dips, oil wobbles while dollar smiles

Trading on the Nigerian Stock Exchange (NSE) maintained a lacklustre mood on Wednesday with the All-Share Index dipping 0.17 percent, thanks to a decline in banking stocks. One of the

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Is Nigeria heading for a technical recession?

    Is Nigeria heading for a technical recession?

Nigeria’s monetary and fiscal policymakers face enormous challenges as the country confronts a looming technical recession just three years after the last downturn in 2017. The COVID-19 pandemic circumstances have

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Dollar scarcity worsens, NSE fails to join party

  Dollar scarcity worsens, NSE fails to join party

Who would have thought that nearly six months after the coronavirus menace paralysed the global economy and battered financial markets,

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What does UK recession mean for Nigeria?

  What does UK recession mean for Nigeria?

It is official, the UK economy has entered a recession for the first time in 11 years. Economic growth during

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Naira weakens despite dollar selloff

  Naira weakens despite dollar selloff

As the worldwide race for a coronavirus vaccine gathers pace and fiscal stimulus uplifts global sentiment, investors seem to be

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Nigeria navigates through coronavirus storm

  Nigeria navigates through coronavirus storm

As headwinds from the coronavirus pandemic storm lambaste the world economy, the outlook for Nigeria appears more cloudy for the

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Inflation jumps, oil prices rise while naira stabilises

  Inflation jumps, oil prices rise while naira stabilises

In the face economic instability and uncertainty, Nigeria eased lockdown restrictions this month to jumpstart growth. The opening up of

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Week in review: Dollar loses mojo, oil falls but naira stabilises

  Week in review: Dollar loses mojo, oil falls but naira stabilises

This has been a rollercoaster week defined by volatile stock markets, dollar weakness, a dovish Federal Reserve and shaky oil

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