FXTM’s Market Research Analyst, Lukman Otunuga has recently concluded a successful media tour in Nigeria on the 21-23rd of September just before attending FXTM Nigeria’s Gala Dinner in Lagos. Lukman participated in 8 one-to-one interviews with renowned local media outlets such as The Guardian, The Leadership - two of the most influential media platforms in the country - and Nigeria Communications Week, along with a broadcast with Inspiration FM.
During the interviews FXTM’s Market Analysis expert was asked for his views regarding the latest developments in the Nigerian Economy.
Some of the key points of discussion include:
The confirmation of the National Bureau of Statistics (NBS) stating that Nigeria is experiencing its worst recession
Nigeria’s approval of the 3-year budget plan
Nigerian economy being no longer Africa’s largest economy
The Nigerian Central Bank’s unexpected decision to raise Nigerian interest rates
The low revenue profile that is threatening the 2016 budget
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