West Africa

“Stop this culture of frivolous allegations” former World Bank Treasurer Arunma Oteh defends African Development Bank President

"So my appeal really is that we dispense of this issue. That we stop this culture of frivolous allegations around the times of elections. And allow the African Development Bank to support the African continent at this important time.”

Arunma Oteh on Adesina’s probe & why COVID-19 represents an opportunity for Africa

Some former African presidents have shown their support for the president of the African Development Bank, Akinwunmi Adesina. This was in a letter over the 16 count allegations levelled against him to which Adesina had stated his innocence. Although the ethics committee of the board of directors of the continental bank has cleared Adesina of these charges, the United States which is one of the major shareholders of the bank has called for an independent probe into the allegations.

Central Bank of Nigeria cuts benchmark lending rate to 12.5%

Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday.

What to expect from Nigeria’s MPC meeting

Nigeria’s Monetary Policy Committee is scheduled to announce its 3rd policy decision of the year later today. What options does the MPC have to stimulate the economy? Egie Akpata, Director at Union Capital Markets joins CNBC Africa for more....

How COVID-19 impacts Nigeria’s non-oil exports

Year-on-year growth in Nigeria’s non-oil sector was slower by 0.93 percentage points in the first quarter of the year, that’s according to recent data from the National Bureau of Statistics. As the Covid-19 pandemic continues to stifle international trade, Akin Laoye, Executive Director at FTN Cocoa Processors joins CNBC Africa to discuss how this pandemic is affecting dynamics for Nigeria's non-oil exports.

Ouch! How Tiger Brands got its fingers burnt in Nigeria for the second time in a decade

Food giant Tiger Brands has passed on paying a dividend as it faces job losses and cost-cutting in its operations after a bruising first half trading on the cusp of COVID-19.

This bill seeks to deepen local participation in Nigeria’s oil & gas industry

The Nigerian Oil and Gas Industry Content Development Bill 2020 has passed its second reading at the Nigerian Senate. The bill aims to amend 38 sections of the extant Act while introducing six new sections. Joining CNBC Africa for this discussion is Femi Oladehim, Partner, Investment Banking at Argentil Capital Partners and Adeoye Adefulu, Partner at Odujinrin & Adefulu.

How COVID-19 impacts asset allocation strategy of pension funds

The National Bureau of Statistics is expected to release Nigeria’s pension asset data for the first quarter of the year, next week. Ahead of the release, we’ll take a look at how the global Covid-19 pandemic is impacting the asset allocation strategy for pension fund administrators. Joining CNBC Africa more is Niyi Falade, CEO of Crusader Sterling Pensions.

Nigeria Medical Association on tackling the COVID-19 pandemic

Nigeria's President Buhari received a briefing from the Presidential Task Force on Covid-19 and he is expected to address the nation today to give guidance on the next phase of operations. Francis Faduyile, President of Nigeria Medical Association joins CNBC Africa for more.

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