Tag: #wuhan coronavirus
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.
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.
In the wake of the COVID-19 pandemic, Ghana has rolled out some palliatives including a 600 million cedis stimulus package for small and medium scale businesses with the aim of minimising the exposure of these businesses to the economic fallout of the pandemic. Joining CNBC Africa to discuss this initiative is Kosi Yankey-Ayeh, Executive Director of the National Board for Small and Medium Scale Industries in Ghana.
Capital imported to Nigeria’s oil and gas sector in the first quarter of the year was about 10.1 million dollars according to data by the National Burea of Statistics. The bureau also says the oil and gas sector grew by 5.06 per cent, recording an average oil daily production of 2.07 million barrels per day in the same quarter. Oyeyemi Oke, Oil and Gas Lawyer and a Partner at A02 Law 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.
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 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.
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.