Tag: Bismarck Rewane

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

West Africa'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.

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

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.

Independent panel clears AfDB’s Adesina of all allegations

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.

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

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.

COVID-19: How to address trade barriers in SSA

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.

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

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.

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

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.

How the oil price collapse is impacting Nigeria’s 2020 budget

Nigeria’s Finance Minister, Zainab Ahmed says the country will cut its budget due to declining and volatile oil prices. Nigeria's 2020 budget benchmark for oil was earlier set at $57 a barrel. Bismark Rewane, CEO of Financial Derivatives joins CNBC Africa to in on weigh the impact of latest dynamics on Nigeria’s economy.
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