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<p>Analysts say a more aggressive stance by the Central Bank of Nigeria will not choke the economy due to the on-going reforms aimed at addressing key issues in the economy.</p>


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Nigeria’s aggressive rate hike may not choke economy

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<p>Analysts say the target set by the Central Bank of Nigeria to achieve major stability by May is rather too aggressive, stressing that the effects of the monetary policy decisions will begin to take effect in the later part of the year.</p>


Analysts: CBN May target too aggressive

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<p>With the 400-basis point hike in monetary policy rate to 22.75 per cent by the Monetary Policy Committee of the Central Bank of Nigeria, analysts believe there will be a moderation in inflationary pressures. Speaking on CNBC Africa’s post-MPC panel, Bismarck Rewane, the CEO of Financial Derivative and Nnamdi Nwizu, the Co-Managing Partner at Comercio Partners, say there’ll be a decline with inflationary pressure.</p>


Analysts: Aggressive rate hike to moderate inflation

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<p>The Central Bank of Nigeria’s Monetary Policy Committee has raised the Monetary Policy rate by 400 basis points to 22.75 per cent. The Governor of apex bank, Yemi Cardoso announced this after the first MPC meeting for this year.</p>


Nigeria MPC hikes MPR by 400bps to 22.75% (full speech)

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<p>Analysts say they expect the Monetary Policy Committee of the Central Bank of Nigeria to increase monetary policy rate, stressing that the level of hike is dependent on how soon the committee hopes to address issues like rising inflation and interest rates.</p>


How much rate hike will Nigeria’s MPC adopt?

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<p>Nigeria’s economy grew by 0.51 per cent in the first quarter of the year, the second consecutive quarter of growth indicating a slow but continuous recovery, according to the National Bureau of Statistics. Bismarck Rewane, CEO of Financial Derivatives and Member of the Presidential Economic Advisory Council and Emmanuel Odiaka, CEO of ECOB Capital joins CNBC Africa to unpack the details.</p>


Nigeria sustains slow but continuous recovery

Nigeria sustains slow but continuous recovery, GDP grows by 0.51% in Q1

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<p>Nigeria’s Securities and Exchange Commission says online investment and trading platforms facilitating the trade of foreign securities not registered in Nigeria are to desist from such activities.</p>


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Nigeria’s SEC moves to stop online platforms from trading in foreign securities

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<p>Data from the National Bureau of Statistics shows a jump in headline inflation to 17.33 per cent in February this year from 16.47 per cent in January. The NBS earlier reported an increase in the unemployment rate in Nigeria to 33.3 per cent in the fourth quarter of 2020 from 27.1 per cent in the second quarter of the same year. Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa for more.</p>


Financial Derivatives CEO breaks down Nigeria’s unemployment

Financial Derivatives CEO breaks down Nigeria’s unemployment, inflation numbers

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<p>Nigeria’s Former Finance Minister, Ngozi Okonjo-Iweala, has been selected as the Director General of the World Trade Organisation, a position she will occupy until August 2025. This comes in a year where Africa is forging ahead with the continental trade pact.  Meanwhile, Nigeria’s headline inflation rose to 16.47 per cent in January from 15.75 per cent in December. Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa for more.</p>


Financial Derivatives CEO: What Okonjo-Iweala’s WTO appointment means for Africa

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<p>The IMF says its analysis shows that Nigeria&#8217;s pursuit of multiple objectives, namely price and exchange rate stability, credit growth, domestic industrialization, and fiscal financing, have resulted in a pro-cyclical monetary policy stance.</p>


Financial Derivatives CEO on how to reform Nigeria’s monetary policy framework

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<p>West Africa&#8217;s aspirations for a single currency hit a setback after its leaders met in Niamey for a one-day summit earlier this week and passed a resolution to delay the proposed adoption until all critical issues are resolved.</p>


Is Nigeria ready to give up naira controls for regional currency?

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<p>The Minister of State for Budget and National Planning, Clement Agba says unless Nigeria posts a strong third-quarter economic performance, it may be headed for a second recession in four years. Ahead of Nigeria’s July inflation data, Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa to discuss how Nigeria can avert this looming recession.</p>


Financial Derivatives CEO: Here’s how Nigeria can avert a looming recession

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<p>A three-member independent review panel led by former Irish President Mary Robinson says they are satisfied with the submissions of the internal probe carried out by the ethics committee of the African Development Bank, thus clearing the president of the bank, Akinwumi Adesina of all 16 allegations levelled against him by unidentified whistle-blowers in January this year, accusing him of unethical conduct and questionable appointments. Financial Derivatives CEO, Bismarck Rewane joins CNBC Africa for more.</p>


Independent panel clears AfDB’s Adesina of all allegations

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<p>The World Bank says the outbreak of the COVID-19 pandemic is expected to push five million more Nigerians into poverty this year as the pandemic is threatening the ability of Nigerian households to generate income to meet their basic consumption needs. Bismarck Rewane, CEO of Financial Derivatives joins me from Lagos for this conversation.</p>


World Bank: COVID-19 to push five million more Nigerians into poverty in 2020

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<p>Are calls for the reopening of borders by trade ministers in Africa synonymous with tearing down trade barriers ahead of the postponed implementation of the African Continental Free Trade Agreement now slated for January 2021? Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa for more.</p>


COVID-19: How to address trade barriers in SSA

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<p>The National Bureau of Statistics says the experience of economic shocks in the few months after the COVID-19 outbreak in Nigeria has far exceeded the shocks experienced between 2017 and 2019. In its COVID-19 monitoring report released today, the bureau noted that the most widely reported shock experienced by households was an increase in prices of major food items. Meanwhile, OPEC and its allies will meet on Saturday to discuss extending record oil production cuts and to approve a new approach that aims to force laggards to comply better with the existing curbs. Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa for more.</p>


The social and economic toll of COVID-19 on Nigerian households

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<p>Since the COVID-19 pandemic, the IMF says it expects a 3.4 per cent economic contraction for Nigeria this year, while ratings agency Moody’s affirmed Nigeria’s B2 long-term issuer rating and senior unsecured rating and maintained a negative outlook for Nigeria. Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa for more.</p>


Bismarck Rewane

Nigeria’s aggressive rate hike may not choke economy

Analysts: CBN May target too aggressive

Analysts: Aggressive rate hike to moderate inflation

Nigeria MPC hikes MPR by 400bps to 22.75% (full speech)

How much rate hike will Nigeria’s MPC adopt?

Nigeria sustains slow but continuous recovery, GDP grows by 0.51% in Q1

Nigeria’s SEC moves to stop online platforms from trading in foreign securities

Financial Derivatives CEO breaks down Nigeria’s unemployment, inflation numbers

Financial Derivatives CEO: What Okonjo-Iweala’s WTO appointment means for Africa

Financial Derivatives CEO on how to reform Nigeria’s monetary policy framework

Is Nigeria ready to give up naira controls for regional currency?

Financial Derivatives CEO: Here’s how Nigeria can avert a looming recession

Independent panel clears AfDB’s Adesina of all allegations

World Bank: COVID-19 to push five million more Nigerians into poverty in 2020

COVID-19: How to address trade barriers in SSA

The social and economic toll of COVID-19 on Nigerian households

Financial Derivatives CEO on how to mitigate the economic impact of COVID-19 in Nigeria

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Bismarck Rewane

Nigeria’s aggressive rate hike may not choke economy

Analysts: CBN May target too aggressive

Analysts: Aggressive rate hike to moderate inflation

Nigeria MPC hikes MPR by 400bps to 22.75% (full speech)

How much rate hike will Nigeria’s MPC adopt?

Nigeria sustains slow but continuous recovery, GDP grows by 0.51% in Q1

Nigeria’s SEC moves to stop online platforms from trading in foreign securities

Financial Derivatives CEO breaks down Nigeria’s unemployment, inflation numbers

Financial Derivatives CEO: What Okonjo-Iweala’s WTO appointment means for Africa

Financial Derivatives CEO on how to reform Nigeria’s monetary policy framework

Is Nigeria ready to give up naira controls for regional currency?

Financial Derivatives CEO: Here’s how Nigeria can avert a looming recession

Independent panel clears AfDB’s Adesina of all allegations

World Bank: COVID-19 to push five million more Nigerians into poverty in 2020

COVID-19: How to address trade barriers in SSA

The social and economic toll of COVID-19 on Nigerian households

Financial Derivatives CEO on how to mitigate the economic impact of COVID-19 in Nigeria

News Tips

Advertise With Us

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