15 April 2019 : Nigeria will release updates on its inflation numbers in the week ahead, amid easing concerns over slowing global growth and broad-based Dollar weakness. Market players will be keeping a close eye on whether inflationary pressures have cooled further in March, which will shape expectations over the Central Bank of Nigeria’s (CBN) next potential policy move in the future. Sentiment towards the nation’s economy is likely to improve if inflationary pressures continue to ease. While the Naira could be impacted by domestic economic data, the currency remains influenced by external forces in the form of US-China trade developments, global growth concerns, the Dollar’s valuation and Oil prices.

Source : Lukman Otunuga, FXTM Research Analyst

Reporting for EasyKobo on Monday , 15 April 2019 in Lagos, Nigeria