Closing Bell West Africa

COVID-19: What to expect from Nigeria’s economic stimulus plan

The Nigeria Economic Sustainability Plan is a 2.3 trillion naira stimulus plan that the government of Nigeria wants to use to reduce the effects of an expected deep recession caused by the COVID-19. The first phase of the response plan focuses on agriculture for food and jobs. Kyari Bukar, former Chairman of the Nigeria Economic Summit Group joins CNBC Africa for more.

ECOWAS holds extraordinary summit on Mali’s political crisis

West African leaders have begun a virtual extraordinary summit to negotiate an end to the deepening political crisis in Mali. This comes after presidents from Nigeria, Ivory Coast, Senegal, Ghana and Niger held talks on Thursday last week that ended in a stalemate. Onyekachi Adekoya, Managing Director of PR24 Nigeria joins CNBC Africa for more.

Impaxis Securities: Sonatel’s XOF 100 billion bond 122% oversubscribed

Sonatel has issued its corporate bond worth 100 billion CFA Francs on the BRVM. The bond which is the largest of its kind in the WAEMU region was listed at a 6.5 per cent annual coupon rate at tenure of 7 years. The bond issuance was closed by Impaxis Securities which was the sole Arranger and Bookrunner for this transaction. Ababacar Diaw, CEO of Impaxis Securities joins CNBC Africa for more.

Nigeria halts access to forex for maize imports

In a move to stimulate local production of maize, the Central Bank of Nigeria has issued a directive to lenders to immediately stop processing Form M documents for the importation of maize into the country. Ayodeji Balogun, CEO of Afex Commodities Exchange joins CNBC Africa for more.

How the naira devaluation impacts Nigerian businesses

With the recent 5.5 per cent devaluation in naira at the SMIS window, what currency risks are Nigerian businesses exposed to? Winston Osuchukwu, Co-Founder of Trans-Sahara Incorporated joins CNBC Africa for more.

Cote d’Ivoire’s prime minister resigns due to personal reasons

Cote d'Ivoire's Vice President, Daniel Kablan Duncan has resigned just days after the death of Prime Minister, Amadou Gon Coulibaly. Ayalenesh Tafesse, Country Risk Analyst at Rand Merchant Bank joins CNBC Africa to assess the impact of the Covid-19 pandemic and recent events on cocoa-producing country's growth trajectory.

Nigerian equities dip further

The NSE All Share Index was the lone laggard among the African bourses last week shedding 1.99 per cent. What can we expect from the Lagos bourse this week? Ayodeji Ebo, Managing Director of Afrinvest Securities joins CNBC Africa for more....

Naira Outlook: CBN working on gradual unification of exchange rates

No doubt Nigeria's currency has come under pressure in recent months; the Central Bank of Nigeria says it is working towards the gradual unification of exchange rates. But what does the CBN's recent move in asking lenders to bid for dollars at 5 per cent above the official rate mean for the markets going forward? Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.

This is how COVID-19 has impacted Nigeria’s manufacturing sector

The World Economic Forum says the emergence of COVID-19 is accelerating the change of global value delivery models, with unprecedented consequences for manufactures and supply chains. Joining CNBC Africa to look at how the pandemic has impacted the manufacturing sector here in Nigeria is the President of the Manufacturers Association of Nigeria, Mansur Ahmed.

ECOB Capital: How COVID-19 has impacted Nigeria’s fixed income & Fx market

The economic impact of the global spread of COVID-19 has heightened market risk aversion in ways not seen since the global financial crisis. That’s according to the Organisation for Economic Co-operation and Development. Emmanuel Odiaka, Managing Director and CEO of ECOB Capital joins CNBC Africa for more....

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