Tag: Foreign Exchange

CBN to make forex available for activities boosting the economy

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.

Brent set for weekly gain of 15%

Brent crude futures are on track for a weekly gain of 15 per cent, Femi Ojumu, a Senior Partner at Femi Ojumu & Co. joins CNBC Africa to discuss the dynamics impacting oil prices and how it impacts Nigeria.

Oscar Onyema on the NSE’s response to COVID-19

The Nigerian Stock Exchange published guidance for virtual board, committee, and management meetings for stakeholders as the world grapples with the COVID-19 outbreak. Oscar Onyema, CEO of the NSE joins CNBC Africa to discuss how the NSE has been responding to the pandemic.

Kairos Capital on IMF’s Africa COVID-19 strategy & Nigeria’s economic outlook

As countries across Africa source intervention funds to battle the economic impact of the COVID-19 pandemic, with Nigeria’s economy especially taking a hit from falling oil prices and local currency devaluation, Sam Chidoka, Managing Director and CEO of Kairos Capital joins CNBC Africa to discuss how these events are impacting Nigeria's economy.

Understanding Nigeria’s debt strategy

Nigeria's Debt Management Office says it reappraised its borrowing plans and now hopes to raise an earlier approved external borrowing of 850 billion naira from domestic sources. Dipo Ajayi, Head of Fixed Income and FX at Chapel Hill Denham joins CNBC Africa to assess Nigeria's debt strategy.

Moody’s affirms Nigeria’s B2 ratings, maintains negative outlook

Moody’s says the rapid and widening spread of the coronavirus outbreak and related oil price shocks are creating an unprecedented credit shock across a wide range of regions and markets adding that for Nigeria, these shocks has amplified existing credit vulnerabilities both over the immediate and longer term. Aurelien Mali, Vice President and Sovereign Analyst at Moody’s joins CNBC Africa for more.

Nigerian banking index gains but industrial goods sector declines

Investors are taking a keen interest in banking stocks today but the Industrial goods sector is facing a steep decline. Dare Fajimolu, Chief Research Officer at Blue Vertex joins CNBC Africa for a recap of today’s trade.

NSE opens week in red

Nigeria's equities market opened the week in red, dragged down by some bellwethers in the banking sector. Muktar Mohammed an Analyst at Assar Investments joins CNBC Africa for more.
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