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Open Exchange West Africa

MTN Nigeria to list stocks worth $6bn on NSE

MTN Nigeria plans to float 6 billion dollars’ worth of stock on the Nigerian Stock Exchange through its listing by way of introduction today. So how will this impact trade dynamics going forward? Rotimi Fakayejo, Managing Director of Enterprise Capital Partners joins CNBC Africa’s Esther Awoniyi from the floor of the Nigerian Stock Exchange to discuss this. https://www.cnbcafrica.com/videos/...

MTN Nigeria plans to raise debt in future

MTN Group says the listing of its Nigerian unit on the local bourse is a step in the right direction towards increasing local ownership in MTN Nigeria. Seun Ameye, Fixed Income Trader at CITI Nigeria joins CNBC Africa to discuss the expected impact of the listing on Nigeria’s capital market.

Nigeria’s progress on sustainable development

Speaking on ways to achieving the Sustainable Development Goals in Nigeria, Senior Special Assistant on Sustainable Development Goals to Nigeria's President, Adejoke Ore-Adefulire says collaborative efforts between the government and private sector is highly needed. She joined CNBC Africa’s Christy Cole to discuss this.

US, China trade tensions: Impact on global oil markets

As the U.S prepares a new list of 300 billion worth of Chinese imports to be hit with tariffs of up to 25 per cent, after China's retaliation on Monday. Adeoye Adefulu, Partner at Odujinrin and Adefulu joins CNBC Africa to discuss how this could impact the global oil markets. https://www.cnbcafrica.com/videos/...

Nigeria’s cane sugar production projected to drop

Nigeria's domestic cane sugar production is projected to drop by 6 per cent to 75,000 metric tons, that's according to the United States Department of Agriculture's Foreign Agricultural Service. Akintunde Sawyer, Agric Consultant joins CNBC Africa to review the impact of Nigeria’s National Sugar Master Plan.

Assessing the allegations against Jumia

Citron Research says Jumai inflated its active consumers and active merchant’s figures by 20 percent to 30 percent in order to raise more money from investors. This and other allegations were made by the research house in a recent report. Ade Atobatele joins CNBC Africa to weigh in on the developments. https://www.cnbcafrica.com/videos/...

Analysis of Nigeria’s housing sector performance

Nigeria’s Housing Finance Programme aims at tackling the country’s housing deficit and the long-term funding constraints hampering the growth of the primary mortgage market. But how has Nigeria's housing market fared in the first quarter of the year? Sulaiman Balogun, Chief Business Officer and Co-founder of PropertyPro joins CNBC Africa to assess Nigeria’s housing market.

Manufacturers association of Nigeria releases maiden CEO’s confidence index

With over 200 CEO's surveyed in its maiden Manufacturers CEO's Confidence Index, Nigeria's first-quarter reading came in at 51.3 points, depicting a manufacturing sector that is slightly above the minimum threshold. Mansur Ahmed the President of the Manufacturers Association of Nigeria joins CNBC Africa to break down the findings.

How South Africa can re-ignite its growth trajectory

South Africans will head to the polls today to decide the future of one of sub-Saharan Africa's most advanced economies. Kyari Bukar, Former Chairman of the Nigerian Economic Summit Group joins CNBC Africa to discuss how the country can re-ignite its growth trajectory. http://cnbc.africa/videos/...


South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug

South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.

Market recovery is coming but it could be ‘choppy’: State Street | Street Signs Asia

The coronavirus outbreak has sent U.S. stocks sharply lower. Daniel Gerard of State Street says a recovery should be on the way in the second half, though it might be "choppy".

FNB confirms measures to help customers impacted by COVID-19

“In recent weeks, the South African Government, business community, philanthropists and society at large have shown remarkable unity in a joint effort to protect our country against the impact of COVID-19,” writes FNB Chief Executive Officer, Jacques Celliers.

Low oil prices are becoming a US ‘national security’ issue: IHS Markit | Capital Connection

If oil prices remain low, there could be a "big decline" in U.S. oil production and it could lose its status as the world's largest oil producer, says Dan Yergin, vice chairman of IHS Markit.

‘Support us during this crisis’: Bangladesh minister to global garment buyers | Street Signs Asia

Tipu Munshi, Bangladesh's minister of commerce discusses the challenges faced by the country's garment industry bearing the brunt of the ongoing coronavirus crisis.