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<p>The CEO of Page Financials, Segun Akintemi says players in Nigeria’s finance industry are witnessing lots of request for loan restructuring because of customers losing their jobs or having their salaries slashed. Akintemi also says there has been more scrutiny towards lending to high volatile sectors. He joins CNBC Africa to discuss the impact of the pandemic on Nigeria’s lending space.</p>


COVID-19: How is Nigeria’s lending space evolving?

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<p>In a move to deepen insurance penetration in Nigeria, Heirs Holdings is making a strategic move into Nigeria&#8217;s insurance industry with the establishment of Heirs Insurance and Heirs Life Assurance.</p>


Heirs Holdings looks to deepen Nigeria’s insurance penetration

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<p>The Nigerian government has suspended the operations of Twitter after the microblogging platform deleted a controversial post by President Muhammadu Buhari. Joining CNBC Africa to discuss the impact of this decision is Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry.</p>


Nigeria Twitter ban: Weighing the impact

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<p>CFG Advisory says Nigeria is now faced with stagflation, a situation that is more protracted than a recession. They also note that monetary policy has reached its limits and supply side structural reforms and fiscal discipline are now required to get Nigeria out of the stagflation quagmire. CEO of CFG Advisory Tilewa Adebajo and Kayode Akindele, Partner at TIA Capital join CNBC Africa to put this in perspective.</p>


CFG Advisory: Nigeria now faced with stagflation – which is more protracted than a recession

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<p>The e-commerce and last mile delivery sector in Nigeria are expected to grow about 11 per cent by 2025 as it continues to attract strong investments according to business data platform Statista. Meanwhile, former ride-hailing app turned last-mile delivery and logistics player, Gokada say they have completed one million food deliveries and e-commerce orders on behalf of over thirty thousand merchants in Nigeria within the last 12 months alone. Gokada CEO, Nikhil Goel joins CNBC Africa to discuss the impact of digitally enabled last-mile delivery on Nigeria’s e-commerce space.</p>


How digitally enabled last-mile delivery impacts e-commerce growth in Nigeria

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<p>The Dangote Foundation in partnership with the German Association for Mechanical and Plant Engineering, and its Foundation for Young Talent in Mechanical Engineering have established a seven-million-euro technical programme for Nigerian youths. President of the Dangote Group, Aliko Dangote told CNBC Africa’s Wole Famurewa that the foundation intends to develop a pool of talent which will in turn move Nigeria’s industrialization process faster.</p>


Dangote & Germany’s VDMA set up €7mn vocational skills initiative

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<p>Cement producers in Nigeria, Dangote Cement and BUA Cement have refuted claims of an increase in their ex-factory price of cement. The Dangote Group has also called on the government to follow through on the backward integration policy in the sugar industry while the BUA Group says they plan to complete their Lafiagi Sugar Refinery by the second quarter of 2022. Mayowa Ige, Research Analyst at Financial Derivatives joins CNBC Africa for more.</p>


Financial Derivatives: Why on Nigeria should incentivize sugar production

Financial Derivatives on why Nigeria should incentivize sugar production

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<p>The African Export-Import Bank reported a 4 per cent growth in net income to $87.3 million which the Pan-African multilateral financial institution says was driven by a 23 per cent growth in net interest income. This the lender says came about as a result of a 41 per cent growth in net loans and advances. Afreximbank’s Executive Vice-President for Finance, Admin and Banking Services, Denys Denya spoke with CNBC Africa’s Kenneth Igbomor for more.</p>


Afreximbank posts 4% net income growth in Q1

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<p>The International Monetary Fund says it expects Cote d’Ivoire’s economy to grow about six per cent this year. Meanwhile, the government has issued a decree that seeks to ensure that 20 per cent of cocoa purchased by multinational companies are fulfilled by local companies. Ayalanesh Tafesse, Country Risk Analyst at Rand Merchant Bank joins CNBC Africa to explore how Cote d’Ivoire is working to recover from the Covid-19 pandemic.</p>


Assessing Cote d’Ivoire’s pandemic recovery efforts

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<p>Creative industries have emerged as one of the world´s most dynamic economic sectors, offering vast opportunities for cultural, social and economic development. While the concept of the creative economy is still evolving, the industry&#8217;s potential to shape development agenda goes undoubted.  Njoki Ngumi, Programs and Strategy lead at Heva Fund joins CNBC Africa for more.</p>


How the creative industry is shaping Africa’s development agenda

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<p>FBNQuest Manufacturing Purchasing Managers’ Index for Nigeria showed a decline to 51.1 index points in May from 53 points in April. FBNQuest PMI report notes that the persistent economic challenges have impacted consumer behaviour, hence the fragile consumer demand. Chinwe Egwim, Economist at FBNQuest Merchant Bank joins CNBC Africa for more.</p>


Nigeria’s PMI drops to 51.1 points in May

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<p>President Muhammadu Buhari has charged Nigeria’s security and intelligence agencies to expedite efforts towards the recovery of the 200 children kidnapped from an Islamic school in Niger State. Joining CNBC Africa for more is Onyekachi Adekoya, Managing Director of PR24 Nigeria.</p>


Buhari tasks security outfits to recover 200 kidnapped children

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<p>Pension Fund Investment in the Nigerian equities market dropped by 3.2 per cent in the past four months, this comes as the appetite by PFA&#8217;s for investment in government securities and bank placements increased. Niyi Falade, CEO of Crusader Sterling Pension joins CNBC Africa for more.</p>


Pension funds’ equities investment down by 27bn naira in April

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<p>The Government of Rwanda last week announced a partnership with Vuba Corp, an American-based company, to build personal rapid transit in Rwanda. The project, expected to complete in 2024, is worth $1.3 billion. Vuba Corp’s Chief Executive Officer, Paul Klahn spoke to CNBC Africa for more.</p>


Vuba Corp to build autonomous pod cars in Rwanda

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<p>Global trade has contributed to growth and poverty reduction in the past three decades, but according to the World Bank, gains from trade can be more inclusive. Jakob Engel, Economist in the Global Trade and Regional Integration Unit of the World Bank joins CNBC Africa on spreading the benefits of trade more widely.</p>


Assessing the distributional impact of trade policies in Africa

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<p>In recently published data, Google says the search for survival funds for Micro, Small, and Medium Enterprises in Nigeria rose over five thousand per cent in the past 12 months as businesses explore ways to support their post-pandemic recovery. Olumide Balogun, Head of Consumer Apps for Sub-Saharan Africa at Google joins CNBC Africa for more.</p>


Google: Search for MSME survival funds jumps 5000% in Nigeria

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<p>The clamour to restructure Nigeria grows as the first series of public hearings organised by the Nigerian Senate Committee on the Review of the 1999 Constitution took place in 12 centres across the country last week. Nigeria’s House of Representatives has also fixed the first to third of June for the Zonal public hearings on the review. Joining CNBC Africa to weigh the debates on Nigeria’s search for an improved constitution is Evans Ufeli, Constitutional Lawyer and Rights Advocate.</p>


China

COVID-19: How is Nigeria’s lending space evolving?

Heirs Holdings looks to deepen Nigeria’s insurance penetration

Nigeria Twitter ban: Weighing the impact

CFG Advisory: Nigeria now faced with stagflation – which is more protracted than a recession

How digitally enabled last-mile delivery impacts e-commerce growth in Nigeria

Dangote & Germany’s VDMA set up €7mn vocational skills initiative

Financial Derivatives on why Nigeria should incentivize sugar production

Afreximbank posts 4% net income growth in Q1

Assessing Cote d’Ivoire’s pandemic recovery efforts

How the creative industry is shaping Africa’s development agenda

Nigeria’s PMI drops to 51.1 points in May

Buhari tasks security outfits to recover 200 kidnapped children

Pension funds’ equities investment down by 27bn naira in April

Vuba Corp to build autonomous pod cars in Rwanda

Assessing the distributional impact of trade policies in Africa

Google: Search for MSME survival funds jumps 5000% in Nigeria

Constitutional review: Clamour to restructure Nigeria grows

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China

COVID-19: How is Nigeria’s lending space evolving?

Heirs Holdings looks to deepen Nigeria’s insurance penetration

Nigeria Twitter ban: Weighing the impact

CFG Advisory: Nigeria now faced with stagflation – which is more protracted than a recession

How digitally enabled last-mile delivery impacts e-commerce growth in Nigeria

Dangote & Germany’s VDMA set up €7mn vocational skills initiative

Financial Derivatives on why Nigeria should incentivize sugar production

Afreximbank posts 4% net income growth in Q1

Assessing Cote d’Ivoire’s pandemic recovery efforts

How the creative industry is shaping Africa’s development agenda

Nigeria’s PMI drops to 51.1 points in May

Buhari tasks security outfits to recover 200 kidnapped children

Pension funds’ equities investment down by 27bn naira in April

Vuba Corp to build autonomous pod cars in Rwanda

Assessing the distributional impact of trade policies in Africa

Google: Search for MSME survival funds jumps 5000% in Nigeria

Constitutional review: Clamour to restructure Nigeria grows

News Tips

Advertise With Us

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