Tag: Zainab Ahmed

Addressing Nigeria’s revenue realities

Nigeria’s Finance Minister, Zainab Ahmed says the COVID-19 has shown the urgent need for the government to diversify its revenue sources and will be doing so under its Strategic Revenue Growth Initiative. Dipo Ajayi, Head of Fixed Income and Forex at Chapel Hill Denham joins CNBC Africa for more.

Nigeria Finmin: Economy to shrink 8.9% in worst case scenario

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.

COVID-19: IMF considering Nigeria’s financing request

The Managing Director of the International Monetary Fund, Kristalina Georgieva says the fund is working hard to respond to Nigeria’s request so that a proposal can be considered by the IMF’s Executive Board as soon as possible. Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed had disclosed that Nigeria had applied to IMF’s Rapid Credit Facility. Kyari Bukar, Former Chairman of the Nigeria Economic Summit Group joins CNBC Africa more.

Nigeria seeks to improve turnaround time for COVID-19 testing & results

Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed, says the federal government plans to engage insurers for special products for healthcare workers.

Nigeria applies for IMF’s rapid credit facility

Nigeria's Minister of Finance, Budget and National Planning; Zainab Ahmed says Nigeria has applied for the International Monetary Fund's Rapid Credit Facility. Minister Ahmed however stressed that Nigeria does not intend to negotiate or enter into any IMF program at this time. Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa to asses Nigeria’s response so far and more.

Nigeria eyes $4.9 bln budget cut amid coronavirus

Roughly 90% of the Nigerian government’s foreign exchange earnings come from sales of oil, prices of which have taken a beating amid lower Chinese demand and a price war between Saudi Arabia and Russia.

Nigeria to delay non-critical spending, defer Eurobond sale

Minister Zainab Ahmed told journalists in Abuja that Africa’s largest economy will prioritize “major capital expenditures.”

How the oil price collapse is impacting Nigeria’s 2020 budget

Nigeria’s Finance Minister, Zainab Ahmed says the country will cut its budget due to declining and volatile oil prices. Nigeria's 2020 budget benchmark for oil was earlier set at $57 a barrel. Bismark Rewane, CEO of Financial Derivatives joins CNBC Africa to in on weigh the impact of latest dynamics on Nigeria’s economy.
Advertisment