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COVID-19: Lagos to begin partial 7-day shutdown

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.

Nigerian president’s top aide tests positive for coronavirus – source

The Nigerian president’s chief of staff has tested positive for coronavirus, a source with direct knowledge said.

NSE in green as MPC maintains MPR at 13.5%

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....

Nigeria’s MPC retains MPR at 13.5%

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....

Nigeria MPC: What’s at stake ahead of Nigeria’s COVID-19 rate decision

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....

Op-Ed: Tips to Successfully Work from Home amid the COVID-19 pandemic

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”

COVID-19: Nigeria Medical Association asks doctors on strike to resume duty

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.

How the U.S economic stimulus could minimise COVID-19 impact on global markets & oil prices

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.

COVID-19: Understanding consumer behavior thresholds

Nielsen Africa say they have identified six key consumer behaviour threshold levels that tie directly to concerns around the coronavirus pandemic. Bryan Sun, Managing Director for Nielsen Africa joins CNBC Africa for more.

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Telkom, Samsung team up with South African government to track those with COVID-19

South Africa’s Telkom, Samsung and the government have teamed up to develop a track and trace database to identify the whereabouts of people who may have contracted coronavirus.

Is the S&P 500 likelier to hit 2,900 or 1,800 by the end of 2020? | Capital Connection

Stephane Monier of Lombard Odier Private Bank outlines the two scenarios which could play out for the markets, and gives his potential targets for the S&P 500 under each one.

Expecting deep recession followed by sharp recovery: Goldman Sachs strategist | Squawk Box Europe

Silvia Ardagna, managing director of the investment strategy group at Goldman Sachs Private Wealth Management, shares her outlook for the economy amid the coronavirus crisis.

Expect ‘very significant topline decline’ for luxury brands: Analyst | Squawk Box Europe

Luca Solca, senior research analyst for global luxury goods at Bernstein, outlines how the coronavirus crisis is impacting the luxury sector.

Little chance that an OPEC+ deal will save the oil market from virus slump | Capital Connection

Victor Shum of IHS Markit says an agreement between Saudi Arabia and Russia looks unlikely and any production cut is too little too late.