10 June 2019 : The economic calendar in Nigeria is relatively skimpy this week with the only scheduled Tier 1 report already released earlier this morning.

Though the encouraging balance of trade figures for Q1 are out of the way, investors should not be quick to conclude that this will be a quiet week for Nigeria. It must be kept in mind that local markets are still digesting the volatility in Oil markets and the likely impact of last week’s disappointing US jobs data on the Naira and the economy. Should external factors in the form of trade tensions and global growth concerns impact risk sentiment, emerging markets may feel the pinch, with Nigeria falling into the category.

Reporting for EasyKobo on Monday , 10 June 2019 in Lagos, Nigeria

Source: Lukman Otunuga, FXTM Research Analyst