Nigeria’s Monetary Policy Committee has asked the Central Bank of Nigeria to design a comprehensive, legal and regulatory framework that will improve the recovery of non-performing loans in the banking system. Egie Akpata, Director at Union Capital Markets joins CNBC Africa to discuss this story.
The Nigerian Stock Exchange upgraded its issuers’ portal on Monday. The portal was developed to ensure electronic delivery of issuers’ mandatory filings in a structured way for stakeholders in the capital market. Tinuade Awe, Executive Director for the Regulation Division of the NSE joins CNBC Africa for more.
Moody’s Investors Service says the longer-lasting negative effects of the COVID-19 pandemic on credit profiles of Africa countries will leave them with diminished capacity to absorb future shocks. Moody’s Vice-President, Kelvin Dalrymple joins CNBC Africa for more.
The African Development Bank says an additional 49 million Africans could be pushed into extreme poverty by the Covid-19 pandemic and its aftermath. This was in the updated forecast of the Africa Economic Outlook, where they expect Central Africa and West Africa to be the hardest-hit regions. Kayode Akindele, Partner at TIA Capital joins CNBC Africa for more.
Domestic operations in Nigeria’s aviation industry will commence from Wednesday the 8th of July. Captain Dele Ore, a Retired Pilot and Chairman of the Board of Trustee of the Aviation Safety Round Table Initiative joins CNBC Africa for more.
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President Ramaphosa also admitted that there was a shortfall of 12000 healthcare workers. Despite this there were 28000 hospital beds as well as 37000 private quarantine beds for those unable to isolate at home, along with 1700 ventilators.
Non-Muslims will no longer be criminalised for drinking alcohol in private, Justice Minister Nasredeen Abdulbari told state television. For Muslims, the ban will remain. Offenders are typically flogged under Islamic law.
There is no doubt that his integrity, credibility, drive, inherent humility and care for people, also profoundly helped to motivate Eskom staff during many difficult times.
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he vast market created by AfCFTA will provide an immediate boon to nascent plans being guided by the African CDC, NEPAD and others to produce various critical healthcare items such as pharmaceutical compounds, PPE and ventilators in countries such as Nigeria, South Africa and Kenya.
The number of new confirmed COVID-19 cases across Britain each day has been falling from a peak of more than 6,000 in April to 650 in the latest figures released on Sunday, despite wider availability of testing.
The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry.
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