Sunday, September 20, 2020
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Tag "Lukman Otunuga"

World Bank: Cryptocurrencies are basically Ponzi schemes

    World Bank: Cryptocurrencies are basically Ponzi schemes

Jim Yong Kim, World Bank president, says cryptocurrencies are like Ponzi schemes. Kim joined other experts who have warned against investing in it. In recent times, Bitcoin, a type of

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Naira untouched as stocks, crude oil record losses

    Naira untouched as stocks, crude oil record losses

The naira remained stable on Tuesday despite losses recorded on the Nigerian Stock Exchange and global crude oil market. The naira appreciated against the dollar to exchange at N361/$ against

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Bitcoin hammered by crackdown fears

    Bitcoin hammered by crackdown fears

Bitcoin was the talk across financial markets for all the wrong reasons on Tuesday after prices tumbled sharply to their weakest level since early December at $11,192. Market jitters over South Korea

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Dollar bulls back in action as Gold dips

    Dollar bulls back in action as Gold dips

The dollar jumped to a fresh weekly high against a basket of major currencies on Tuesday amid market optimism over the US federal reserve raising interest rates at least twice in 2018.

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Global stocks mixed as holiday mood kicks in

Global equity markets struggled for direction during Wednesday’s trading session, with investors on the fence as activity continued to decelerate ahead of

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BoE keeps rates unchanged

  BoE keeps rates unchanged

Sterling offered a fairly muted response during Thursday’s trading session after Bank of England policy makers unanimously voted to leave interest rates

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INTERVIEW: Nigeria has borrowed enough, says FXTM researcher

  INTERVIEW: Nigeria has borrowed enough, says FXTM researcher

Lukman Otunuga, a research analyst at FXTM, says Nigeria has borrowed enough in recent times and could miss the opportunity

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Oil hits 7-week high as Nigeria agrees to cap output at 1.8mbd

  Oil hits 7-week high as Nigeria agrees to cap output at 1.8mbd

Brent crude prices jump by over $2 on Tuesday following Nigeria’s agreement with the Organsation of Petroleum Exporting Countries (OPEC)

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Naira firms as NSE gains N417bn in six hours — crosses N11trn

  Naira firms as NSE gains N417bn in six hours — crosses N11trn

The Nigerian naira appreciated against the dollar on Monday as the Nigerian Stock Exchange (NSE) maintained a bullish run —

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FXTM Analyst: Nigeria’s failure to get out of recession brought undeniable disappointment

  FXTM Analyst: Nigeria’s failure to get out of recession brought undeniable disappointment

Lukman Otunuga, a research analyst at FXTM, says there was an undeniable feeling of disappointment across Nigerian markets, as the

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