Tag: Zedcrest Capital

OPEC & allies agree to ease oil production cuts, here’s how this impacts emerging markets

Oil producer club and its allies, OPEC+ agreed to ease production cuts to 7.7 million barrels per day from August until December this year. Dayo Amzat, Managing Director and CEO of Zedcrest Capital joins CNBC Africa to discuss what these decisions mean for the global oil market and emerging economies like Nigeria.

Zedcrest Capital CEO on COVID-19, debt sustainability & Nigeria’s economic future

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.

COVID-19: Oil rallies on Gulf tensions

U.S President Donald Trump says he has ordered the Navy to shoot down Iranian gunboats if they harass American ships. Trump’s tweet came as Brent tumbled to its lowest since 1999 overnight. So how are these events impacting Nigeria’s financial market coupled with the growing number of coronavirus cases in the country? Dayo Amzat, Managing Director and CEO of Zedcrest Capital joins CNBC Africa for more.

Nigerian foreign exchange and fixed income watch

Traders say they expect activity at the bond market to pick up today, on the back of the unmet bids at Wednesday's bond auction as well as the improvement in liquidity. Oluwatosin Ayanfalu, Fixed Income Broker at Zedcrest Capital joins CNBC Africa to review today’s trading at Nigeria’s fixed Income and Forex market.

Nigerian FX market watch: CBN: Banks must increase lending to grow GDP

The Central Bank of Nigeria (CBN) says the aggregate foreign exchange inflow into Nigeria reached $10.89 billion in October while outflow from the economy was $5.1 in the same period. Director at Zedcrest Capital, Oluseyi Akinbi joins CNBC Africa to discuss stories around Nigeria’s fixed income market.

Oluseyi Akinbi on getting the right data on Nigeria’s economy

Nigeria's President Muhammadu Buhari says some of the statistics by the International Monetary Fund (IMF) and World Bank on Nigeria are wild estimates and bear little relation to the facts on the ground. For a focus on Nigeria’s economy and more, Oluseyi Akinbi, Director at Zedcrest Capital joins CNBC Africa.

Nigeria rolls out its proposed target of 7.5 trillion naira revenue plan for 2020

Nigeria's government has proposed to raise the country's value-added tax (VAT) to 7.2 from 5 per cent next year. To discuss the wider implications of this move, Group Managing Director and CEO of Zedcrest Capital, Dayo Amzat joins CNBC Africa for more.

Investors assess political risk profile as US-China trade tensions escalate

Traders say Nigerian Treasury Bill (NTB) yields rose about 70 basis points over escalating trade tensions between the U.S and China. For more details on this week’s activities at the Money market in Nigeria, Nnamdi Olisaeloka, fixed income, currencies and commodities Analyst at Zedcrest Capital joins CNBC Africa for more.