With over 11,000 confirmed COVID-19 cases, Nigeria has continued with plans to ease its COVID-19 restrictions. The latest being the move to lift the restrictions in interstate travel as well as domestic Air travel from the 21st of this month. Kyari Bukar, Former Chairman of the Nigerian Economic Summit Group joins CNBC Africa to assess Nigeria’s COVID-19 strategy in amid rising cases.
Nigeria's insurance regulator NAICOM has extended the deadline for the recapitalisation of insurance companies to September 2021. The recapitalisation process has also been segmented into two phases. Tajudeen Ibrahim, vice-President and Head of Research at Chapel Hill Denham joins CNBC Africa for more.
Nigeria’s National Assembly has approved the $5.5 billion external loan request of the executive arm of government to fund the country's budget deficit. While addressing the revised Medium Term Expenditure Framework and Fiscal Strategy Paper, the lawmakers raised the oil price benchmark to $28 per barrel from the $25. Dayo Amzat, Managing Director and CEO of Zedcrest Capital joins CNBC Africa for more.
Nigeria’s COVID-19 cases continue to surge with the latest update indicating that over 11,000 cases have been confirmed so far. As businesses explore ways to sustain their operations amid the outbreak, Owen Omogiafo, President and Group CEO of Transcorp joins CNBC Africa to discuss how the conglomerate is adapting to the post COVID economy.
Some former African presidents have shown their support for the president of the African Development Bank, Akinwunmi Adesina. This was in a letter over the 16 count allegations levelled against him to which Adesina had stated his innocence. Although the ethics committee of the board of directors of the continental bank has cleared Adesina of these charges, the United States which is one of the major shareholders of the bank has called for an independent probe into the allegations.
Nigeria’s President Muhammadu Buhari is seeking the House of Representatives approval for fresh external borrowings of about $5.513 billion. Amid current local and global economic realities, can Nigeria bear more debts? Winston Osuchukwu, Co-founder of Trans-Sahara Incorporated joins CNBC Africa for more.
Year-on-year growth in Nigeria’s non-oil sector was slower by 0.93 percentage points in the first quarter of the year, that’s according to recent data from the National Bureau of Statistics. As the Covid-19 pandemic continues to stifle international trade, Akin Laoye, Executive Director at FTN Cocoa Processors joins CNBC Africa to discuss how this pandemic is affecting dynamics for Nigeria's non-oil exports.
The Nigeria Centre for Disease Control says 40,043 COVID-19 tests have been conducted so far. The national public health institute had earlier this month released a guideline for the Integration of Private Sector Laboratories as part of the National COVID-19 Response. Peter Imoesi, Fellow at Aberdeen University joins CNBC Africa to assess Nigeria's approach to testing.