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<p>It has been a week for the bears at the equities market in Nigeria, as the NSE All-Share Index posted just one session of gains all week. Muktar Mohammed an Analyst at Assar Investment joins CNBC Africa to discuss what&#8217;s driving sentiments at the local bourse.</p>


Nigerian equities watch: Bears hold sway in first week of March

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<p>On FINTECH.TV, the premiere of Dangerous Women &#8211; Leading Onward with Pat Mitchell.  A look at extraordinary women making a difference in the world. We meet award-winning British actress Thandie Newton (OBE)&#8230;.</p>


Thandie Newton on what it means to be a dangerous woman

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<p>Traders at Access bank says the Naira continued to rally this week, off the back of oil prices as it gained 4-naira 50 kobo to close at 406-naira 50 kobo at the I&#038;E window.  Access Bank traders expect Money market rates to rise further as attention shifts towards the Retail SMIS and banks fund for today’s auction. Dayo Ogundare, Team Member of Treasury Coverage at Access Bank joins CNBC Africa for more&#8230;.</p>


Higher oil prices fuels naira rally

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<p>The Amalgamated Union of Food stuff and Cattle Dealers of Nigeria, AUFCDN, have called off their nationwide strike and agreed to lift the ban on food supply from the north to southern Nigeria. The union said the decision was reached after the government agreed to their demands and addressed their concerns. Joining me to discuss this development and explore ways Nigerian states can achieve self-sufficiency in food production is Akinyinka Akintunde, the Vice President for Financial Markets at Afex Commodities Exchange.</p>


How Nigerian states can achieve self-sufficiency in food production

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<p>OPEC and allies have approved a continuation of the production levels of March for the month of April, with the exception of Russia and Kazakhstan, which will be allowed to increase production by 130 and 20 thousand barrels per day respectively.</p>


OPEC extends oil supply cut to April – What are the implications for Nigeria?

20210305_JeffSchultz

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<p>Early this week, the US government issued a new warning to civilian airlines flying in the Kenyan airspace to watch out for possible attacks by militant groups. This could heighten anxiety for the aviation industry already weighed down by massive financial losses due to travel restrictions to curb the spread of Covid-19. Economic Analyst, James Mbugua joins CNBC Africa for more.</p>


Kenya: US warns of Al-Shabaab aircraft attacks

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<p>Tanzania’s State Power Company will provide 70 megawatts of electricity to power the first phase of the standard gauge railway, which will begin service in the coming months. So far, according to the country’s Minister of Energy, phase one of the SGR is complete. Raphael Maganga, an Economic Analyst joins CNBC Africa for more.</p>


Tanzania to power first phase of SGR rollout

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<p>Shopping malls in the U.S. were already in decline before the Covid-19 pandemic as consumers shifted away from traditional brick-and-mortar stores to e-commerce. The outbreak has only exacerbated the challenges at malls as social distancing has placed restrictions on stores, movie theaters and restaurants. So what will become of malls in America after the pandemic ends?</p>
<p>Shopping malls across the U.S. have been reeling as restaurant and retail tenants struggle to keep their doors open.</p>
<p>Data compiled by Coresight Research shows about a quarter of U.S. malls could close over the next three to five years, accelerating a trend that began before the pandemic.</p>
<p>Simon Property Group — the nation&#8217;s biggest mall owner — said earlier this month that its fourth-quarter revenue dropped by 24% on a year-over-year basis to $1.1 billion.</p>
<p>However, some analysts think Simon — with its portfolio of A-rated malls and a healthy balance sheet — will benefit as distressed malls operated by its riv&#8230;</p>


Why U.S. Malls Are Disappearing

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<p>Momentum has recorded a 44 per cent drop in headline earnings per share year-on-year, for the first half of its 2021 financial year. The insurer’s earnings were dampened by the Covid-19 second wave. Momentum increased its Covid-19 provision by an additional R655 million. Momentum CEO, Hillie Meyer joins CNBC Africa for more.</p>


Momentum sees 44% drop in headline earnings as pandemic weighs

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<p>Liberty swung to a loss in the year ended December, after posting a profit in the previous comparable period. Total death and disability claims paid during 2020 increased by 11.4 per cent. A pandemic reserve of R3 billion that was established last year, has been re-assessed, resulting in a marginal increase of R73 million before tax. Liberty CEO, David Munro joins CNBC Africa for more.</p>


Liberty swings into loss amid COVID-19 hit

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<p>Santam’s headline earnings per share fell 47 per cent for the year ended December 2020.  At the year end, the insurer raised R2 billion contingent business interruption claims provisions, in addition to R1 billion interim relief payments during August. Santam CEO, Hennie Nel joins CNBC Africa for more.</p>


Santam reports 47% plunge in headline earnings

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<p>FNB’s normalised profit before tax saw a decline of 19 per cent year-on-year, for the six months ended December. Non-performing loans climbed by 26 per cent, as some customers continued to be impacted by economic strain. The bank posted a record 6 million digitally active customers. FNB CEO, Jacques Celliers joins CNBC Africa for more.</p>


FNB well-positioned for strong recovery despite COVID-19 headwinds

FNB well-positioned for strong recovery despite COVID-19 hurdles, says CEO Jacques Celliers

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<p>There is growing focus on digitalization and adoption of digital payment solutions that propel the mobility market growth. Markus Villig, CEO and Founder of Bolt spoke to CNBC Africa on taping into technology to disrupt the transport sector.</p>


Ride-hailing platform Bolt receives $27.85mn from IFC to fund expansion

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<p>About 9 years ago, the East African Community put a plan in motion to harmonise the region&#8217;s excise duties and VAT to achieve neutrality for investments and trade and to prevent double taxation. Fast forward to today, the harmonization of taxes remains elusive. The Program coordinator at Seatini Uganda, Regina Navuga, joins CNBC Africa for more.</p>


East African Community: Harmonisation of taxes remains elusive

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<p>Traders at Apakan Securities say activity at secondary market was driven by offshore participants in search for higher-yielding fixed income instruments. They also expect a firm cedi through the first quarter of the year to support a stable non-food inflation. Edem Nicholas Kporku, Research Analyst at Apakan Securities joins CNBC Africa for more&#8230;.</p>


Ghana’s fixed income & fx market review

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<p>Seplat Petroleum Development Company saw an improvement in its Loss After Tax for the full year 2020 to the tune of $85.3 million.</p>


Videos

Nigerian equities watch: Bears hold sway in first week of March

Thandie Newton on what it means to be a dangerous woman

Higher oil prices fuels naira rally

How Nigerian states can achieve self-sufficiency in food production

OPEC extends oil supply cut to April – What are the implications for Nigeria?

20210305_JeffSchultz

Kenya: US warns of Al-Shabaab aircraft attacks

Tanzania to power first phase of SGR rollout

Why U.S. Malls Are Disappearing

Momentum sees 44% drop in headline earnings as pandemic weighs

Liberty swings into loss amid COVID-19 hit

Santam reports 47% plunge in headline earnings

FNB well-positioned for strong recovery despite COVID-19 hurdles, says CEO Jacques Celliers

Ride-hailing platform Bolt receives $27.85mn from IFC to fund expansion

East African Community: Harmonisation of taxes remains elusive

Ghana’s fixed income & fx market review

Seplat’s CEO talks FY earnings & 2021 growth strategy

News Tips

Advertise With Us

Videos

Nigerian equities watch: Bears hold sway in first week of March

Thandie Newton on what it means to be a dangerous woman

Higher oil prices fuels naira rally

How Nigerian states can achieve self-sufficiency in food production

OPEC extends oil supply cut to April – What are the implications for Nigeria?

20210305_JeffSchultz

Kenya: US warns of Al-Shabaab aircraft attacks

Tanzania to power first phase of SGR rollout

Why U.S. Malls Are Disappearing

Momentum sees 44% drop in headline earnings as pandemic weighs

Liberty swings into loss amid COVID-19 hit

Santam reports 47% plunge in headline earnings

FNB well-positioned for strong recovery despite COVID-19 hurdles, says CEO Jacques Celliers

Ride-hailing platform Bolt receives $27.85mn from IFC to fund expansion

East African Community: Harmonisation of taxes remains elusive

Ghana’s fixed income & fx market review

Seplat’s CEO talks FY earnings & 2021 growth strategy

News Tips

Advertise With Us

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