Business

The Nigerian National Petroleum Company says it will start paying in cash for petrol imports as it ends the direct sale direct purchase contracts with foreign refiners. Kola Karim, the CEO of Shoreline Group, joins CNBC Africa for this discussion.

The merger was finalised just under three months after a rapid agreement brokered by the Swiss government. Meanwhile, European leaders are exerting pressure on Tunisia to accept a $1.9 billion IMF bailout. In other news, financier George Soros is transferring control of his $25 billion empire to his 37-year-old son.

The largest cryptocurrency exchange platform, Binance, is facing legal action by the United States Securities and Exchange Commission (SEC). On Monday, the SEC accused Binance of conducting financial transactions and providing services unlawfully without the necessary authorizations.

Telecommunication firms in Nigeria have issued disconnection notice to banks amid a disagreement over Unstructured Supplementary Service Data service debt running to over 120 billion naira.

The Securities and Exchange Commission accused the largest cryptocurrency exchange platform, Binance of unlawful transactions. CEO Changpeng Zhao is accused, among other things, of deception and conflict of interest.

Inside Stuff with Martins Oloja this week examines the race to become the next Nigeria Senate President and Speaker House of Assembly. And its consequences if Nigeria gets it wrong next Tuesday.

Find these stories and much more when you grab a copy of The Guardian on Saturday.⁣

Two consecutive quarters of contraction have placed the eurozone economy into recession.

Chief Executive officer, Dangote Foundation, Zouera Youssoufou Speaking on Women Working For Change |Panel on From 300 to 3,000: What if tomorrow's African champions were women? She spoke at the ongoing Africa CEO forum in Abijdan, Coted'lvoire. Women represent an untapped economic opportunity on the continent, in sub-Saharan Africa alone, closing the gender gap could generate an additional $85 billion yearly.

Chief Executive Officer, Transcorp PLC, Nigeria, Dr. Owen Omogiafo, at a panel discussion on Women Working For Change | From 300 to 3,000: What if tomorrow's African champions were women?. The Africa CEO forum is currently going on in Abijdan, Coted'lvoire. 

CNBC Africa is joined by Gundo Maswime, Civil Engineer Lecturer at the University Cape Town and Kasief Isaacs, Head of Private Markets at Mergence Investment Managers for this discussion.

Washington and Beijing both said the talks were productive and agreed to maintain communication. The meeting was held between US official Daniel Kritenbrink and China's Vice Foreign Minister Ma Zhaoxu.