Zenith Bank says it is prepared to support Nigeria’s Information and Communications Technology (ICT) and creative ecosystems with funding, which the bank calls a critical tool for participating in the Fourth Industrial Revolution (4IR). GMD and CEO of the bank, Ebenezer Onyeagwu discussed this with CNBC Africa’s Christy Cole at the bank’s Tech Fair in Lagos.
Vetiva Capital Management says although Nigeria’s total debt to GDP ratio is below the suggested prudential upper band of 40 per cent for developing economies, a higher than projected fiscal deficit, high cost of borrowing and weaker Naira may further limit Nigeria’s fiscal space and reduce the capacity to respond to the Covid-19 crisis. Mosope Arubayi, Chief Economist at Vetiva joins CNBC Africa for more.
United Capital says the only way is up for the equities market in the second half of the year, as they believe the market remains undervalued compared to emerging markets and frontier market peers. Wale Olusi, Head of Research at United Capital joins CNBC Africa for more.
After recording its lowest ever Manufacturing PMI at 43.3 points in May, FBN Quest's PMI recorded a steep rise to 53.9 points in the month of June. Chinwe Egwim, Economist at FBN Quest Merchant Bank joins CNBC Africa for more.
The Nigerian Stock Exchange has upgraded its Data Portal and says the revamped X-DataPortal will provide a more efficient, user-friendly experience. Jude Chiemeka, Head for Trading at the NSE joins CNBC Africa for more.
Subscribe to our newsletter
Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox
More from CNBC Africa
The rosy outlook stands in stark contrast to the dismal industrial landscapes of other economies still fighting COVID-19. Factory output plunged further in May from a year earlier in Japan, South Korea and the United States. Euro zone manufacturing output fell by a record 28% in April.
But in an open letter to the Geneva-based agency, published on Monday in the Clinical Infectious Diseases journal, 239 scientists in 32 countries outlined evidence that they say shows floating virus particles can infect people who breathe them in.
HARARE (Reuters) - Zimbabwe’s President Emmerson Mnangagwa has sacked health minister Obadiah Moyo with immediate effect for inappropriate conduct, a statement from...
“But we also said to ourselves...that in another sense it is celebrating the persecutor,” he said. “What happened to George Floyd was the final straw.”
As an executive decision-maker in both the telecommunications and tourism industries, Godwin Makyao could not have experienced a more diverse set of...
Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to...
HARARE (Reuters) - Zimbabwe should implement sustainable political and economic reforms and successfully complete an IMF monitoring programme in order to normalise...
Since the gradual opening of the economy after lock-down there has been a sharp incline of COVID-19 cases. The government has the task of balancing the health of the people with keeping the economy going and opening the schools. How is the Gauteng provincial government helping? The Gauteng MEC for education is laying out the plans to welcome back school goers....
JOHANNESBURG (Reuters) - Parts of South African retail chain Edcon are likely to be sold to private equity-backed Retailability Ltd, administrators in...
JOHANNESBURG (Reuters) - Africa is expected to partially rebound next year from a pandemic-induced economic slump, but it could still lose nearly...
- Advertisement -