After a one-month hiatus due to the COVID-19 lock-down in Lagos, bus-hailing company, PlentyWaka says they have re-launched their operations and have announced an expansion of their services. Johnny Enagwolor, Managing Director of PlentyWaka joins CNBC Africa to discuss how this pandemic is changing the ride-hailing business in Nigeria.
The World Bank says despite accelerated progress over the past decade, the world is expected to fall short of the SDG 7 target. In its just-released 2020 edition of the Energy Progress Report, the World Bank says under current policies, an estimated 620 million people would still lack access to electricity in 2030, and 85 per cent of them will be in sub-Saharan Africa. Makhtar Diop, the Vice President for Infrastructure at the World Bank joins CNBC Africa to discuss the findings of this report.
Nigeria’s Minister for Finance, Budget and National Planning, Zainab Ahmed says Nigeria's economy could shrink by as much as 8.9 per cent this year in a worst-case scenario without stimulus. Ahmed stated that the contraction could reach 4.4 per cent in a best-case scenario, without any fiscal measures. But with a stimulus, the contraction could be kept to just 0.59 per cent. Pabina Yinkere, Chief Investment Officer at Sigma Pensions joins CNBC Africa for more.
The COVID-19 pandemic has forced governments, organizations, and businesses around the globe to work remotely. As banks and financial services providers record higher activities through their digital channels, Abdul-Hakeem Ajijola, Executive Chairman of Consultancy Support Services joins CNBC Africa to discuss how best to mitigate the cybersecurity risks in this new normal.
The Central Bank of Nigeria says it will make forex available for activities that would boost the economy and generate jobs. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa to discuss this and other headlines making the rounds in Nigeria.
As more first quarter earnings trickle in, Dangote Cement's first-quarter earnings are expected to come out on Friday, CNBC Africa joins discuss what to expect from the industrial goods sector with Dare Fajimolu, CRO at Blue Vertex.
Financial Derivatives say they expect a 0.69 per cent rise in Nigeria’s headline inflation to 12.95 per cent year-on-year this April. Damilola Akinbami, Head of Research at Financial Derivatives joins CNBC Africa to breakdown their inflation expectations.
The Manufacturers Association of Nigeria says its CEOs Confidence Index for the first quarter of the year fell below the 50 points benchmark indicating that Nigeria’s manufacturing sector requires a lifeline to recover fully from the impact of the COVID-19 outbreak. President of the Association, Mansur Ahmed joins CNBC Africa for more.