How will the seven-day partial shutdown announced by Lagos state impact businesses? Obi Ozor, Co-Founder of Kobo360 joins CNBC Africa's Kenneth Igbomor for more.
Lagos State Governor, Babajide Sanwo-Olu has announced a partial shutdown in the state for seven days starting from Thursday 26 March 2020. The Governor called for the shutdown of court sittings, markets and stores, except for essential services.
The Nigerian president’s chief of staff has tested positive for coronavirus, a source with direct knowledge said.
Closing Bell West Africa
The NSE All-Share Index gained 0.19 per cent today, after the market shed 2.24 per cent. Meanwhile, Nigeria’s Monetary Policy Committee retained all its key rates in the second meeting of the year. Gbolahan Aina, Head of Investment at Cordros Asset Managment joins CNBC Africa for more....
In a surprise move, Nigeria's Monetary Policy Committee kept its key policy rate unchanged at 13.5 per cent and also retained all its policy parameters. CBN Governor Godwin Emefiele also stressed that tightening the MPR could reduce money supply and also aggregate demand, while loosening at this time could exacerbate the already worsening inflation. CNBC Africa's Wole Famurewa breaks down the MPC's decision with Charles Robertson, Global Chief Economist of Renaissance Capital, Bismarck Rewane, CEO of Financial Derivatives and Lanre Buluro, Director of Chapel Hill Denham, and Abdulrahman Yinusa, Governing Council Member of the Chartered Institute of Bankers in Nigeria....
The Bank of Ghana announced a 150 Basis point cut of its benchmark interest rate to 14.5 per cent, while the South African Reserve Bank cut its Repo rate by 100 basis points to 5.25 percent. Joining CNBC Africa to analyse the global monetary policy response to the COVID-19 pandemic as we await the decision of Nigeria’s Monetary Policy Committee, are Charles Robertson, Global Chief Economist at Renaissance Capital, Bismarck Rewane, CEO of Financial Derivatives, Lanre Buluro Director, Chapel Hill Denham and Abdulrahman Yinusa, Governing Council Member of the Chartered Institute of Bankers....
Following the address made by South African President Cyril Ramaphosa regarding COVID-19 and its impact on the nation, employees and employers are being asked to “self-quarantine” and implement “social distancing”
President of the Nigerian Medical Association, Francis Faduyile, says there’s need for more orientation and enforcement of COVID-19 prevention measures as poverty and weak health systems may get in the way. CNBC Africa's Christy Cole reports.
Oil market clawed back some gains in anticipation of a N2 trillion U.S economic stimulus which could minimise the economic impact of the coronavirus outbreak and in turn support oil demand although, U.S Congress is yet to agree on the rescue package. For more on the impact of the COVID-19 pandemic on the global oil market, Uchenna Minnis, Managing Partner of Blufx Nigeria joins CNBC Africa for more.
The deadly coronavirus pandemic has stopped the world in its tracks, and exposed a weak spot in the United States’ preparedness for a public health emergency. Experts say aggressive diagnostic testing is essential in order to learn where and how an
Entrepreneur Abdul Samad Rabiu's BUA Group has joined corporates and business leaders from Africa in donating money to fight the COVID-19 pandemic....
Tony Elumelu’s United Bank For Africa donates $14mn to COVID-19 relief across Africa, this is how it will be used…
Entrepreneur Tony Elumelu's UBA has joined corporates and business leaders from Africa in donating money to fight the COVID-19 pandemic. Below is...
Motsepe family & associates join Rupert and Oppenheimer families in donating R1bn to deal with COVID-19 pandemic
On Monday South Africa's President, Cyril Ramaphosa revealed that South Africa's richest families the Rupert and Oppenheimer families had each contributed ...