The World Bank says the collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s. Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.
Vetiva Capital Management says although Nigeria’s total debt to GDP ratio is below the suggested prudential upper band of 40 per cent for developing economies, a higher than projected fiscal deficit, high cost of borrowing and weaker Naira may further limit Nigeria’s fiscal space and reduce the capacity to respond to the Covid-19 crisis. Mosope Arubayi, Chief Economist at Vetiva joins CNBC Africa for more.
The Covid-19 pandemic is making businesses shift their models to working remotely, thereby making authenticated identity increasingly critical to unlock financial inclusion, drive e-commerce and financial services. Esigie Aguele, CEO of Nigerian KYC start-up; Verifyme joins CNBC Africa for more.
Global engineering talent company, Andela is looking to double its talent pool and is ready to accept engineers from all African countries. Omowale David-Ashiru, Andela’s Vice President for Global Operations joins CNBC Africa for more.
OSLO (Reuters) - Pirates attacked an oil production vessel off Nigeria in the early hours of Thursday and kidnapped nine Nigerian nationals, the ship’s owner BW Offshore said.
United Capital says the only way is up for the equities market in the second half of the year, as they believe the market remains undervalued compared to emerging markets and frontier market peers. Wale Olusi, Head of Research at United Capital joins CNBC Africa for more.
Niyi Falade, CEO of Crusader Sterling Pensions joins CNBC Africa for some insight on how Nigeria’s Pension Fund Administrators plan to weather the Covid-19 storm in the second half of the year.
After recording its lowest ever Manufacturing PMI at 43.3 points in May, FBN Quest's PMI recorded a steep rise to 53.9 points in the month of June. Chinwe Egwim, Economist at FBN Quest Merchant Bank joins CNBC Africa for more.