Closing Bell West Africa

OPEC+ meets as demand concerns weigh oil markets

The Joint Ministerial Monitoring Committee of oil producer club, OPEC will meet virtually today to assess the state of the market. But expert say they do not expect any major decision on crude supply until the two-day meeting scheduled for the 1st of December. Uchenna Minnis, Managing Partner at BluFX Nigeria joins CNBC Africa for more.

Nigerian equities opens week in red

Nigeria’s equities market gained 0.86 per cent last week supported largely by gains in the banking sector which is up 12.7 per cent this quarter. Rotimi Fakayejo, Stockbroker and Capital Market Analyst joins CNBC Africa to discuss what we can expect this week....

Protests in Nigeria & Cote d’Ivoire threaten to slow economic activity

Protests in Nigeria and Cote d’Ivoire are threatening to once again slow economic activity. In Nigeria, protests against police brutality have been gathering momentum across the country, with mounting fears that it could worsen the already difficult economic situation. The Lagos Chamber of Commerce and Industry noted that the protests are adversely affecting business and could lead to a shutdown of the economy if not properly managed. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.

How data can help capital markets manage future shocks

The Nigerian Stock Exchange aims to bring the spotlight on the importance of data in mitigating shocks in the capital markets and focus on how identifying consistent patterns can help deliver a better return on investment. Jude Chiemeka, Head of Trading Business Division at the NSE joins CNBC Africa’s Kenneth Igbomor for more.

Financial markets react to Nigeria’s September inflation data

Lukman Otunuga, Senior Research Analyst at FXTM Market joins CNBC Africa’s Kenneth Igbomor to highlights how Nigeria’s financial markets are reacting to Nigeria’s September inflation data....

Nigeria’s headline inflation rises to 13.71% in September

Nigeria’s headline inflation for the month of September recorded a 49-basis point rise to 13.71 per cent year-on-year, compared to the 13.22 per cent recorded in August. Food inflation increased for the 14th consecutive month to 16.66 per cent year-on-year. Financial Derivatives say Nigeria’s upward inflationary pressures are exerted by a string of factors compounded by the electricity tariff hike, currency weakness and forex scarcity. Funmi Adebowale, Research Analyst at Financial Derivatives joins CNBC Africa for more.

Nigeria’s bonds market await outcome of T-Bills auction

Traders at UBA say Nigeria’s bonds market is experiencing some reversals and drop in prices as the market anticipates the fourth quarter bonds auction calendars. As we await the outcome of today’s treasury bills auction, Bankole Odusanya, Head of Fixed Income Trading at UBA joins CNBC Africa for more....

Nigeria looks to benefit from improved remittance flows as countries emerge from lock-downs

The International Monetary Fund says remittance flows contracted sharply during the early lockdown period but have shown signs of recovery. Although the IMF says the risk of a decline in payments and transfers from migrant workers back to their home countries is very significant, particularly for those in sub-Saharan Africa. Michael Famoroti, Chief Economist at Stears joins CNBC Africa to discuss what this means for Nigeria’s economy.

Nigerian equities close with marginal gains

The marginal gains seen at Nigeria’s equities market on Tuesday were sustained in today’s session. Timchang Gwatau, Research Analyst at Meristem Securities joins CNBC Africa for more....

Nigerian equities watch: Investors look to brewers

The NSE ended the week with marginal gains, as investors look to brewers for value. Rotimi Fakayejo, Stockbroker and Capital Market Analyst joins CNBC Africa to discuss those trends and news that shaped trade at the Nigerian equities market this week....

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