Yesterday the price of West Texas Intermediate Crude fell below zero for the first time in history, meaning the sellers were ultimately paying buyers to take the oil. The COVID-19 pandemic has cut global oil demand by almost a third, and now it shows in the US oil market, but what does this all mean for Africa? International Relations Expert, Emery Nzirabatinya joins CNBC Africa for more.
The Nigeria Stock Exchange in collaboration with the Milken Institute is set to host the inaugural edition of the Webinar Series on Sustainable Capital Markets Forum geared towards promoting Green Finance in West Africa. Jude Chiemeka, Head of Trading Business Division of the Nigerian Stock Exchange joins CNBC Africa for more.
“The lessons learned from the GFC encouraged policymakers worldwide to work furiously to get economies back into shape through a series of fierce and co-ordinated policy responses to the impacts of Covid-19. In turn, this has encouraged a consensus view amongst economists that the recovery from the crisis will be V-shaped,” writes Cannon Asset Managers CE Adrian Saville.
Nigeria’s aviation sector may resume domestic operations from the 21st of June this year according to the Presidential Task Force on COVID-19. Meanwhile, the Nigeria Civil Aviation Authority says only five airports will be operational when the restrictions are lifted. Gbenga Olowo, President of the Aviation Roundtable joins CNBC Africa for more.
The advent of the Covid-19 pandemic has accelerated the transition to more digitally enabled lifestyles and ways of working globally but according to the United Nations Conference on Trade and Development, gaps and risks implicit in the digital economy are more exposed by the Covid-19 shock. So how can Nigeria fully unlock its digital economy? Uzoma Dozie, Founder and CEO of Sparkle; a newly launched Nigerian digital platform says they are looking to remove barriers using technology and data. He joins CNBC Africa for more.
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Traders say the high demand and poor supply characterising Nigeria’s forex market for the past few months have resulted in fairly stable rates observed in the trading days this week. Ifeoma Onyejekwe, Fixed Income Trader at UBA joins CNBC Africa for more....
This morning it was announced that taxi motos are now permitted to accept passengers again after over two months of being off the road due to the dangers around the spread of Covid-19. This is good news not only for many of the 45,000 taxi-motorists in the country that depend on the income, but also for the thousands of citizens that they transport daily. CNBC Africa spoke to analyst, Moses Gahigi for more.
While hosting African Development Bank (AfDB) President Akinwumi Adesina on a courtesy visit at State House on Tuesday, Nigerian President Muhammadu Buhari said the country will support Adesina in his bid to get re-elected as President of the multilateral bank.
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Sean Cannell makes tens of thousands of dollars a month as a professional Amazon reviewer. As part of the Amazon Affiliate program, Cannell reviews camera gear on his Think Media YouTube channel and makes a cut of every sale those reviews generates o
In 2006, little known economics professor Nouriel Roubini warned that the US housing market was at risk of collapsing. Fast forward two years and it did, triggering the global financial crisis. Roubini, now known is Dr Doom is forecasting another economic depression, contradicting the consensus view the recovery from Covid-19 will be V-shaped. Dr Adrian Saville, CEO of Cannon Asset Managers joins CNBC Africa for more.
With students working from home, companies across industries forced to move online and video conferencing services being more utilized now than ever; broadband, WiFi and mobile data capacity seems to be getting tested like never before. So can internet service providers stand up to the test? Robert Nkeramugaba, Senior Network Operations Manager, BSC joins CNBC Africa for more.
In Uganda, according to president Yoweri Museveni, the country will go ahead with its plan to re-open the country despite recording more than 150 Covid-19 cases in three days. Moreover, European Union gives Uganda about $198 million to fund coronavirus response. CNBC Africa spoke to Qatahar Raymond Mujuni, a journalist for more.
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