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. Inflation in Africa’s largest economy dropped to its lowest in a year at 11.1% last month as food prices and services reduced in […]

The threat that will send oil down to $10

By Nick Cunningham of Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline [petrol] is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is […]

Nigeria rate cut coming as global monetary easing cycle gains momentum

By Lukman Otunuga Unfavourable macroeconomic conditions across the globe have prompted major central banks to embark on a monetary easing cycle to counter a global slowdown. There is widespread speculation that the US Federal Reserve intends to trim interest rates in order to prevent an economic deceleration in the world’s largest economy. The global financial […]