E-Financial
Global Stocks Unmoved By Oil Price Revival- FXTM

Global stocks displayed weakness during trading on Tuesday with most major arenas descending deeper into the red territory despite the resurgence in oil prices that previously boosted global sentiment.
It is becoming increasingly clear that oil market rallies have lost their grip on global stocks with investors directing their attention towards the state of the global economy as a means of triggering risk appetite.
This was reflected in the European markets which were left depressed over the concerns of faltering growth in the Eurozone economy, while Wall Street followed the same negative pattern as diminishing rate hike expectations left investors anxious. Although Asian equity markets continue to display resilience amid the growing speculations that the Bank of Japan may intervene, most Asian stocks could be poised to decline when risk aversion reclaims center stage.
Sterling Under Pressure
The Sterling exhibited explosive levels of volatility across the board during trading on Tuesday following the combination of Brexit woes and tepid UK inflation data which reinforced the bearish sentiment towards the currency.
With the E.U referendum vote looming, financial heavyweights such as the International Monetary Fund (IMF), Bank of England (BoE), and UK Treasury have firmly voiced their concerns over the impacts of a Brexit to the UK, which has consequently intensified Sterling volatility. With uncertainty mounting as the Brexit debate escalates and domestic data missing expectations, investor attraction continues to be haunted towards the Sterling with prices vulnerable to further losses.
Market participants may direct their attention towards Wednesday’s UK employment report and if this follows the same negative path as the CPI, then bears could be offered an opportunity to attack the Pound lower.
FOMC Minutes Preview
Investors may divert their attention towards the anticipated FOMC meeting minutes on Wednesday which could offer some clarity on interest rate rise timings in 2016.
While it is likely that the FOMC minutes could be a non-event, investors may be pressured to heavily peruse the statement for potential clues on the possibility of the Fed taking action in July.
Although in the recent weeks, data from the States has displayed signs of recovery, it seems clear that the unstable global economic landscape still acts as a barrier that could sabotage the Feds efforts to raising rates.
Sentiment remains somewhat bearish towards the Dollar and Dollar weakness could continue to be the theme in the global currency markets if May’s NFP fails to show signs of a recovery.
WTI Crude Springs To 6 Months High
WTI Crude lurched to fresh 6 month highs at $47 during trading on Tuesday as expectations grew over a potential drop in supply amid the obstruction in production from major oil exporting nations such as Nigeria, Canada, and Venezuela.
While bulls may be commended for exploiting this opportunity to sending oil prices higher, with overall global oil production still near record highs this commodity remains fundamentally bearish.
The oversupply woes may act as a barrier which prevents prices from trading higher while fading expectations over OPEC agreeing on a production freeze should encourage bears to attack.
Although prices are currently pressing forcefully against $47, any signs of weakness could provide an opportunity for bears to send the commodity back towards $44. If the crude oil inventories report on Wednesday’s signals a rise in stockpiles then bears could utilize this catalyst to send prices lower.
Gold Bulls Challenge $1285
Gold prices rebounded from the daily 20 SMA during trading on Tuesday as the growing concerns over the health of the global economy provided a foundation for bullish investors to send the price higher.
This yellow metal continues to fight against the resurgence in Dollar strength and could be poised to break above $1285 if the FOMC meeting minutes have a dovish touch. Expectations have already diminished over the Fed taking action in Q2 and when Dollar weakness reclaims center stage, bulls could be offered an opportunity to install another heavy round of buying. From a technical standpoint, prices are trading above the daily 20 SMA while the MACD trades to the upside. If the daily 20 SMA defends, then Gold could rise towards $1285 and potentially higher.
Opinion by Lukman Otunuga, Research Analyst at FXTM
E-Financial
Fidelity Bank “Basking in Approval” under Onyeali-Ikpe, CEO

Fidelity Bank Plc is basking in endless and stakeholders are happy.

Dr. Nneka Onyeali-Ikpe, managing director and chief executive officer, Fidelity Bank Plc
With nearly 10 million customers, Fidelity Bank is demonstrating excellent market traction.
This a crucial evidence for investors that the bank is solution driven.
For instance, at the capital market, the bank was the toast of investors as its market value surged amid bargain hunting on the Nigerian Exchange, with investors gaining more than 11 percent after few days of tradings last week only.
Fidelity Bank’s share price increased to N22.30 at the close of the market last Friday, as 11.227 million units valued at N251.523 million.
Investors are simply reacting positively to strong earnings, technology-driven growth, and strategic expansions.
Fidelity Bank, emerged a more robust financial institution after the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) ordered massive banking recapitalization exercise.
Dr. Nneka Onyeali-Ikpe, managing director and chief executive officer, Fidelity Bank Plc, is being credited for driving these exceptional shareholder value, operational performance, and sustainable growth.
Despite the immense responsibility and intense pressure, especially during turbulent times, Onyeali-Ikpe, has been strutting her stuff by strategic vision and exemplary leadership.
Onyeali-Ikpe has built Fidelity Bank as beacon in the banking industry underpinning the bank with trust, innovative technology, strategic growth, and strong leadership as well as reputation.
She has broken every glass ceilings delivering milestones and solid imprints in the annals of banking.
The bank only recently completed CBN-verified share allotment, hitting N532 billion capital.
This heavy chest now guarantees the bank long-term stability, and enabling it operate with speed.
Since appointment on January 1, 2021, Onyeali-Ikpe, has-anchored the bank on bespoke digital, financial, and technology-driven tools designed to enhance customer experience.
By integrating AI, automation, and advanced data analytics, Fidelity Bank is today delivering solution banking.
Under Onyeali-Ikpe’s leadership, the bank has significantly improved brand equity.
Fidelity Bank also announced the completion of the acquisition of a 100 per cent stake in Union Bank UK, under the CEO.
A recent Brand Finance report ranked Fidelity Bank as the fastest-growing Nigerian brand, with its brand value more than tripling.
Onyeali-Ikpe was also named among the 2024 Most Influential Global Top 100 Export and International Trade Leaders, recognizing her contribution to expanding Nigeria’s trade and export financing capabilities.
Under her, Fidelity Bank has received multiple awards, including Export Finance Bank of the Year (2023 BAFI Awards), Best Payment Solution Provider Nigeria 2023, and Best SME Bank Nigeria 2022 (Global Banking and Finance Awards).
The bank was also recognized by Euromoney for Best Bank for SMEs (2023) and Best Domestic Private Bank in Nigeria (2023).
Onyeali-Ikpe will be leaving as head of the bank this year but her record of placing the institution upward trajectory will be indelible.
She may be leaving “big shoes to fill” because of her high-energy, infectious positivity which made her successful in everything she does.
E-Financial
FCMB, BHM Champion New Revenue Models for Media Sustainability

First City Monument Bank (FCMB), in partnership with BHM, hosted the pilot edition of The Monetised Content Masterclass, bringing together reporters, content creators and editors to address growing pressure on the sustainability of newsrooms and media platforms.

L-R: Adeola Adejokun, Head, Communications, First City Monument Bank; Chris Ihidero, Award-winning Director and Producer; and Diran Olojo, Divisional Head, Corporate Affairs, First City Monument Bank, during the Monetised Content: A Media Masterclass Presented by FCMB and BHM, in Victoria Island. Lagos on Monday, April 20, 2206.
The session comes at a time when traditional advertising revenues are declining for news publishers, even as Nigeria’s entertainment and digital media market continues to grow and is projected to reach $4.9 billion by 2026.
Against this backdrop, the masterclass focused on practical ways for media organisations, independent content creators, and digital platform owners to diversify income, build financial resilience, and sustain editorial independence and integrity.
Participants explored revenue opportunities beyond traditional advertising, including brand partnerships, digital content monetisation, and audience-led models. The one-day session featured panel discussions, Q&A sessions, and peer exchanges designed to translate industry trends into practical action.
Speaking at the event, Divisional Head, Corporate Affairs, FCMB Group, Diran Olojo, said: “Traditional models are under pressure, and attention is more fragmented than ever. The focus now is on building structured, sustainable platforms that can deliver both impact and long-term value.”
Also speaking, CEO and Founder of BHM, Ayeni Adekunle, said: “The economics of media have changed. For journalism to remain independent, it must also become financially resilient. That shift requires new thinking and deliberate action.”
The session was moderated by Fatu Ogwuche, Founder and CEO of Big Tech This Week, and featured speakers including investigative journalist Fisayo Soyombo, storyteller and producer Chris Ihidero, executive and storytelling expert Jennifer Mairo, and digital media entrepreneur Peter Oluka.
The initiative reflects a shared commitment by FCMB and BHM to support the long-term sustainability of the Nigerian media ecosystem through capacity building and industry collaboration.
E-Financial
CRMI Backs CBN’s New Measures to Curb Fraud

Chartered Risk Management Institute of Nigeria (CRMI) has backed recent regulatory measures by the Central Bank of Nigeria (CBN) aimed at strengthening the security of the country’s digital financial ecosystem, while urging stricter compliance across the banking industry.

Kevin Ugwuoke, president and chairman of Council, in a statement, described the new framework as a timely and proactive response to rising risks such as fraud, identity theft, and unauthorised access within the instant payment system.
He noted that key safeguards introduced by the apex bank including a N20,000 transaction limit on newly activated mobile banking applications within the first 24 hours, mandatory device binding, and real-time enterprise fraud monitoring are designed to reduce vulnerabilities associated with account takeovers, especially during the early stages of account activation.
“By limiting transaction exposure during the high-risk activation window, the framework significantly reduces the opportunity for fraudsters to exploit newly onboarded or compromised accounts,” Ugwuoke said.
The institute, however, stressed that the success of the measures would depend largely on effective implementation.
It called on banks, fintech firms and payment service providers to strengthen cybersecurity infrastructure, invest in fraud analytics and prioritise staff training as well as customer awareness.
CRMI also welcomed the introduction of the Nigerian Overnight Financing Rate (NOFR), describing it as a major step toward standardising overnight funding rates, deepening financial markets and improving monetary policy transmission in line with global best practices.
The endorsement comes as the CBN unveiled a draft revised Guide to Charges for Banks and Other Financial Institutions, 2026, signalling a broader shift toward transparency, consumer protection and efficiency in the financial system.
The revised guide introduces caps on key banking charges and mandates stricter disclosure requirements.
Under the framework, interbank transfers between N5,000 and N50,000 are capped at N10, while transactions above N50,000 attract a maximum of N50, with transfers below N5,000 remaining free.
The apex bank also standardised ATM withdrawal charges, pegging fees at N100 per N20,000 for on-site withdrawals from other banks’ machines, while off-site transactions may attract an additional surcharge of up to N500, subject to disclosure at the point of use.
In a bid to protect borrowers, the regulator directed that all lending rates be presented as Annual Percentage Rates (APR), ensuring full disclosure of interest and associated fees.
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