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Tag "Lukman Otunuga"

CBN new policy action is ‘first course in devaluation process’

    CBN new policy action is ‘first course in devaluation process’

Lukman Otunuga, a  research analyst at FXTM, says the new policy actions taken by the Central Bank of Nigeria (CBN), can be seen as the first course of an imminent

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CBN ‘may devalue naira in six months’

    CBN ‘may devalue naira in six months’

Lukman Otunuga, a macroeconomics expert and research analyst at FXTM, says the Central Bank of Nigeria (CBN) may devalue the naira to 400 against the dollar on the official side.

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Naira crumbles to 423/$1 as NBS confirms historic recession

    Naira crumbles to 423/$1 as NBS confirms historic recession

The Nigerian naira fell to 423 against the dollar at the parallel market on Wednesday, after the National Bureau of Statistics announced an official recession in the economy. The naira

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‘Vulnerable’ naira falls ahead of NBS ‘official recession report’

    ‘Vulnerable’ naira falls ahead of NBS ‘official recession report’

Naira opened weak on Monday as Nigeria awaits the official gross domestic product (GDP) report from the National Bureau of Statistics (NBS), which will declare Nigeria’s recession position. The NBS

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Naira sinks to fresh record low as CBN boosts liquidity 

  Naira sinks to fresh record low as CBN boosts liquidity 

The Nigerian naira sank to a fresh record low on Friday, as the Central Bank of Nigeria (CBN) attempts boosting

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Naira strengthens as new FX policy triggers market optimism

  Naira strengthens as new FX policy triggers market optimism

The naira appreciated slightly on the parallel market on Thursday, following the decision of the Central Bank of Nigeria (CBN)

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INTERVIEW: CBN may devalue to stop a complete economic breakdown, says Otunuga

  INTERVIEW: CBN may devalue to stop a complete economic breakdown, says Otunuga

Lukman Otunuga, research analyst with FXTM, a leading forex broker specializing in currency, stocks and commodities trading, spoke with TheCable

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Recession may force Nigeria to seek IMF loan, says FXTM analyst

  Recession may force Nigeria to seek IMF loan, says FXTM analyst

Lukman Otunuga, a research analyst with ForexTime, a leading forex broker specializing in currency, stocks and commodities trading, says Nigeria

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