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Tag "Lukman Otunuga"

Nigeria’s GDP slows to 1.96% — second consecutive decline

    Nigeria’s GDP slows to 1.96% — second consecutive decline

The nation’s gross domestic product (GDP) declined to 1.94% in the second quarter of 2019. According to the second-quarter GDP report released by the National Bureau of Statistics (NBS), the

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How CBN rate cut is likely to affect the naira

    How CBN rate cut is likely to affect the naira

Analysts and market-watchers were, in no doubt, shocked when the monetary policy committee of the Central Bank of Nigeria announced its decision to cut interest rate by 0.5% on Tuesday.

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Poll shift: Investors lose N196bn in five hours

    Poll shift: Investors lose N196bn in five hours

Investors on the Nigerian Stock Exchange lost N196 billion on Monday due to profit-taking activities during the five hours of trading on the bourse. The All-Share index, which opened at

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Oil prices ‘may hinder naira’ from benefits of weak dollar

    Oil prices ‘may hinder naira’ from benefits of weak dollar

Lukman Otunuga, FXTM research analyst, says the naira will not benefit from a weakening dollar if oil prices keep declining at an alarming rate. The dollar dropped into the negative

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Otunuga: Defending the naira may become a headache for CBN

  Otunuga: Defending the naira may become a headache for CBN

Lukman Otunuga, FXTM research analyst, says the Central Bank of Nigeria (CBN) may find it hard to defend the naira

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Otunuga: Nigeria may experience Q3 growth — despite IMF’s gloomy prediction

  Otunuga: Nigeria may experience Q3 growth — despite IMF’s gloomy prediction

Lukman Otunuga, research analyst at FXTM, a firm which specialises in forex trading, says Nigeria may experience growth in the

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INTERVIEW: Why CBN can’t cut interest rates now, by Lukman Otunuga

  INTERVIEW: Why CBN can’t cut interest rates now, by Lukman Otunuga

The monetary policy committee of the Central Bank of Nigeria has kept interest rate at 14% for two years. Analysts

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‘Investors on alert’ as Naira stabilises, CBN decides rates

The Naira has remained stable against the Dollar for the week of April 16, supported by central bank intervention in

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Global stocks crumble on risk aversion, Pound higher

  Global stocks crumble on risk aversion, Pound higher

Investors have entered the second trading quarter of 2018 on a mission to avoid riskier assets amid the escalating trade

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Dollar finds a friend in Powell as global stocks slip

  Dollar finds a friend in Powell as global stocks slip

Dollar bulls were injected with a renewed sense of confidence on Tuesday after Federal Reserve chairman, Jerome Powell, struck a

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