nigeria

The Nigerian National Petroleum Company is expected to supply crude oil and refined petroleum products bought by local refineries in naira.

Nigeria to commence supply of crude to refineries

Angola’s economy recorded a 4.1 per cent growth in the second quarter of 2024 compared to the previous period’s 0.5 per cent increase. 

Will Angola sustain economic growth?

Reduced FX demand pressure, transportation costs savings from lower shipping costs and industrialization are some benefits Nigeria can tap with the government’s continued support for local petrochemical companies.

Adebajo: Naira crude sale, purchase to reduce FX demand pressure

From market manipulation to data breaches, Haruna Jalo-Waziri, the CEO of Central Securities Clearing System believes there's a need to sustain the stability and growth of capital markets in West Africa. 

Developing cyber security framework for West Africa’s capital market

Fanny Missfeldt-Ringius, Practice Manager, Energy Sector Management Assistance Program, World Bank joins CNBC Africa for more. 

World Bank: Increased investments required to expand off-grid solar potential

British International Investment has signed a 25-million-dollar risk-sharing facility with Ecobank Sierra Leone to boost private sector growth in high-impact sectors of the economy. 

BII, Ecobank Sierra Leone sign $25mn deal for private sector growth

Analysts at Renaissance Capital Africa expect trading activity on banking stocks to print higher this month on the back of higher dividend payments. 

Rencap: High dividend payment to drive banking stocks trading

A report by Wimbart shows that 40 per cent of startup founders feel that investors don’t fully understand their business or market. In comparison, 72 per cent of investors have intensified portfolio reporting requirements over the last 18 months. 

Wimbart: African tech risks future funding on misaligned reporting

The benchmark for world food commodity prices saw its fastest increase in 18 months in September, with quotations up for all covered commodity groups, led by sugar. 

FAO: World food commodity prices see fastest rise in 18 months

Data from the Central Bank of Nigeria shows the country’s debt servicing payments rose 69 per cent year-on-year to 6.04 trillion naira in the first half of this year. 

CBN: Nigeria’s debt servicing payments up 69% y/y to ₦6.04trn in H1’24

Cardinal Stone says its revenue outlook for the cement sector is biased to the upside in the second half of this year as improvements in public sector demand and other government-led infrastructure projects increase. 

Government spending to drive cement demand in H2’24’

The Africa Finance Corporation issued a 500-million-dollar Eurobond after about three years of absence from the Eurobond market. 

NIGERIA