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<p>The banking sector is in the red today, even as the Central Bank of Nigeria announced moves to soften the impact of the coronavirus pandemic on Nigeria’s economy. Ebunoluwa Babarinde, Manager at Financial Derivatives joins CNBC Africa to review the performance of the Lagos bourse amid current macro realities.</p>


Investors dump bank stocks amid COVID-19 fears

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<p>As five more COVID-19 cases were confirmed in Nigeria on Wednesday, the government swung into action and made some swift reforms which include the reduction of petrol pump price – a N1.5 trillion cut in the 2020 budget and a travel ban on 13 countries with high COVID-19 infection rates.  The Central Bank of Nigeria also announced a N1.1 trillion intervention fund to boost the economy. Adeoye Adefulu, Partner at Odujinrin and Adefulu and Kola Masha, Managing Director of Babban Gona both join CNBC Africa to discuss how these moves would impact some key sectors of the Nigerian economy.</p>


COVID-19 mitigation: Has Nigeria’s Central Bank done enough to protect the economy

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<p>In a bid to cushion the economic impact of the coronavirus pandemic on the Nigerian economy, Central Bank of Nigeria (CBN) announced six policy measures that include the creation of a N50 billion credit facility for households and small and medium sized enterprises. Mustafa Chike-Obi, Executive Vice Chairman at Alpha African Advisory joins CNBC Africa’s Esther Awoniyi to discuss the impact of the COVID-19 pandemic on Nigeria’s economy and also assess the response of the Central Bank&#8230;.</p>


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Assessing Nigeria’s response to COVID-19

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<p>The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has called for an emergency press briefing where he is expected to address growing concerns around the impact of the coronavirus pandemic. Johnson Chukwu, CEO of Cowry Asset Management joins CNBC Africa for more.</p>


How COVID-19 is impacting the Nigerian economy

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<p>A spike in parallel market rates in the past few days has seen the Nigerian Naira come under pressure in recent days, but the Central Bank of Nigeria (CBN) maintains that market fundamentals do not support devaluation at this time. The CBN says it is investigating to clamp down on people involved in speculative market behaviour. As Nigerians also await communication from the committee set up to assess and respond to the impact of the coronavirus on the 2020 budget and Nigerian economy, Andrew Nevin, Partner and Chief Economist at PwC Nigeria and Aminu Gwadabe, President of the Association of Bureau De Change Operators of Nigeria joins CNBC Africa to assess how recent developments impacts Nigeria&#8217;s economy.</p>


Dipping oil prices putting Naira under pressure

Dipping oil prices putting Naira under pressure, how badly is this affecting Nigerian economy?

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Last week, the Central Bank of Nigeria issued a directive to restrict FX access for the importation of milk and its derivatives to six companies. So how does this decision impact local players in Nigeria&#8217;s dairy value chain? Muhammad Abubakar, President of Commercial Dairy Ranchers Association of Nigeria joins CNBC Africa for more.</p>


How CBN’s Fx restriction impacts Nigeria’s dairy value chain

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Steve Osho, Co-Managing Partner at Comercio Partners joins CNBC Africa to discuss the impact of the newly introduced 5-year naira contracts by the Central Bank of Nigeria (CBN).</p>


CBN introduces 5-year naira contracts for the first time

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The Central Bank of Nigeria (CBN) has limited the number of companies involved in milk importation, its derivatives and dairy products to six. CBN stressed that the policy is part of efforts to increase local production of milk, its derivatives and dairy products. Tajudeen Ibrahim, Vice President and Head of Research at Chapel Hill Denham joins CNBC Africa for more.</p>


Nigeria restricts milk importation

Nigeria restricts milk importation, what impact will this have on its consumer goods sector?

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<p>Nigeria’s agricultural sector grew by 2.28 per cent year-on-year in the third quarter of the year. Meanwhile, in its Monetary Policy Communiqué, Central Bank of Nigeria (CBN) says gross credit to the Agric sector stood at N73.2 billion between the end of May and the end of October this year owing to the bank’s new loan-to-deposit ratio policy. Emmanuel Ijewere, Chairman of Best Foods Farms joins CNBC Africa for this conversation.</p>


Nigeria’s agricultural sector performance review

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<p>The Central Bank of Nigeria (CBN) says gross credit to the manufacturing sector was N459.69 billion between the end of May and end of October this year. The inflow credited to the Apex Bank’s recent policy on loan-to-deposit ratio. Meanwhile, the Real GDP growth in Nigeria’s manufacturing sector was 1.1 per cent year on year in the third quarter of the year. President of Manufacturers Association of Nigeria (MAN), Mansur Ahmed joins CNBC Africa to discuss this story.</p>


Nigeria’s manufacturing sector receives N459.69bn boost

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<p>Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele says corporate bodies in the country should take advantage of the Presidential Order 7 to raise infrastructure bonds at concessionary rates. Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa for a focus on Nigeria’s money market.</p>


CBN: Corporates should take advantage of infrastructure bonds

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<p>The Central Bank of Nigeria (CBN) says the aggregate foreign exchange inflow into Nigeria reached $10.89 billion in October while outflow from the economy was $5.1 in the same period. Director at Zedcrest Capital, Oluseyi Akinbi joins CNBC Africa to discuss stories around Nigeria’s fixed income market.</p>


Nigerian FX market watch: CBN: Banks must increase lending to grow GDP

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<p>Nigerian’s in Diaspora is the biggest concentration of talent, financial resources and the global network needed for Nigeria to transit from an oil to a non-oil based economy – that&#8217;s according to Charles Soludo, Member of Nigeria’s Economic Advisory Council and a Former Governor of the Central Bank of Nigeria (CBN). He joins CNBC Africa’s Christy Cole, on the side-lines of Nigeria’s Diaspora Investment Summit to discuss the economic potential of Nigerians in diaspora.</p>


Exploring the economic potential of Nigerians in diaspora

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<p>In a bid to improve cotton production capacity in Nigeria, Central Bank of Nigeria (CBN) this week approved a fresh loan of N19.2 billion to fund nine cotton processing plants in the country. President of the National Cotton Association of Nigeria, Anibe Achimugu joins CNBC Africa to discuss what this fund means for Nigeria’s cotton industry.</p>


CBN approves N19bn loan to revive cotton production firms

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<p>Following the new Open Market Operation (OMO) policy by the Central Bank of Nigeria restricting individuals and local corporates from participating, how are pension fund administrators adjusting to the new regulation? Niyi Falade, CEO of Crusader Sterling Pensions joins CNBC Africa for more.</p>


OMO Guideline: How are PFAs responding?

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<p>The Central Bank of Nigeria (CBN) sold 363 billion Naira in Thursday’s Open Market Operations (OMO) Auction out of N447 billion subscription. Nifemi Adeniyi – Team lead of liquidity Management at Access Bank joins CNBC Africa for a focus on Nigeria’s fixed income and Forex market.</p>


Bond markets to continue posting gains on bullish sentiments: Nigerian money markets

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<p>The Central Bank of Nigeria (CBN) offered N330 billion across three maturities in an Open Market Operation (OMO) Auction today. For a focus on activities shaping Nigeria’s fixed income and Forex market, Tunde Adama, Head of Trading at CITI Nigeria joins CNBC Africa.</p>


CBN

Investors dump bank stocks amid COVID-19 fears

COVID-19 mitigation: Has Nigeria’s Central Bank done enough to protect the economy

Assessing Nigeria’s response to COVID-19

How COVID-19 is impacting the Nigerian economy

Dipping oil prices putting Naira under pressure, how badly is this affecting Nigerian economy?

How CBN’s Fx restriction impacts Nigeria’s dairy value chain

CBN introduces 5-year naira contracts for the first time

Nigeria restricts milk importation, what impact will this have on its consumer goods sector?

Nigeria’s agricultural sector performance review

Nigeria’s manufacturing sector receives N459.69bn boost

CBN: Corporates should take advantage of infrastructure bonds

Nigerian FX market watch: CBN: Banks must increase lending to grow GDP

Exploring the economic potential of Nigerians in diaspora

CBN approves N19bn loan to revive cotton production firms

OMO Guideline: How are PFAs responding?

Bond markets to continue posting gains on bullish sentiments: Nigerian money markets

Here’s what to expect from Nigeria’s money market ahead of OMO Auction

News Tips

Advertise With Us

CBN

Investors dump bank stocks amid COVID-19 fears

COVID-19 mitigation: Has Nigeria’s Central Bank done enough to protect the economy

Assessing Nigeria’s response to COVID-19

How COVID-19 is impacting the Nigerian economy

Dipping oil prices putting Naira under pressure, how badly is this affecting Nigerian economy?

How CBN’s Fx restriction impacts Nigeria’s dairy value chain

CBN introduces 5-year naira contracts for the first time

Nigeria restricts milk importation, what impact will this have on its consumer goods sector?

Nigeria’s agricultural sector performance review

Nigeria’s manufacturing sector receives N459.69bn boost

CBN: Corporates should take advantage of infrastructure bonds

Nigerian FX market watch: CBN: Banks must increase lending to grow GDP

Exploring the economic potential of Nigerians in diaspora

CBN approves N19bn loan to revive cotton production firms

OMO Guideline: How are PFAs responding?

Bond markets to continue posting gains on bullish sentiments: Nigerian money markets

Here’s what to expect from Nigeria’s money market ahead of OMO Auction

News Tips

Advertise With Us

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