How Nigeria’s policy leanings impact agriculture
18 September 2020 |
11:01 am
The Central Bank of Nigeria says it aims to curtail inflation to a level conducive for sustainable growth, while its primary objective for monetary policy remains price and financial system stability. This comes just as Nigeria’s President Mohammadu Buhari asked the Central bank of Nigeria to stop issuing foreign exchange for food and fertilizer imports. Joining CNBC Africa to discuss the implications for Nigeria’s agriculture sector is Kola Masha, Managing Director, Baban Gona.
Related
16 Oct
Exactly 34 years ago today, the charismatic Pan-Africanist and Burkina Faso's then President, Thomas Sankara, was shot dead aged 37 by soldiers during a coup on 15 October 1987. Four years before his assassination with 12 others, Sankara and his close friend, Blaise Compaoré, staged a coup that brought them to power. This is the story of how he shaped Burkina Faso decades after his assassination.
2 days ago
The US had previously blocked Turkey from buying fighter jets because the Turkish government had purchased S-400 defense air systems from Moscow.
4 days ago
After the European car industry moved much of its production into Eastern Europe, some believe the next step is Africa, both for production and a growing consumer market. Should Germany's eastern neighbors be worried?
4 days ago
In the quiet Texas town of Rockdale, North America's largest bitcoin mine is part of an already bustling US business now boosted by Beijing's intensified crypto crackdown that has pushed the industry west.
4 days ago
Facebook has announced that it will expand in the European Union to build a new computing platform. It comes as the tech giant contends with concerns over its practices.
3 days ago
The new Lebanese government is to resume negotiations with the IMF after talks stalled 13 months ago. Success, however, is not guaranteed, warn some experts.
2 days ago
Farmers and lobby groups are split on an EU agricultural reform that may increase farmers' incomes and consumers' prices. A DW joint report reveals a rift between farmers and the groups purporting to represent them.
2 days ago
Africa's glaciers could all be gone by 2040. The UN forecasts a grim toll for Africa from climate change. It has also warned that massive displacement, hunger and extreme heat are in store for over 100 million of the continent's poorest. And October 19 marks Breast Cancer Awareness day, In Tunisia campaigners are ramping up efforts to get more people in for screenings on time.
1 day ago
Sendbox, a Nigeria-based e-commerce platform, has secured $1.8 million from a seed round led by 4Dx Ventures, Enza Capital, FJLabs, and Golden Palm Investments, bringing its total investment to $2 million.
1 day ago
Experts question whether Google's planned $1 billion investment in Africa stands to benefit the continent in the long term. Instead, some see it as another avenue for big tech companies to acquire budding start-ups.
1 day ago
Ghana's smock garment used to be reserved for royal use. These days, a flood of imported yarn has opened the market to near universal use, and the smock has become a Ghanaian clothing icon. Yet the country's collapsed cotton industry has left the financial fortunes of weavers and smock makers hanging by a thread.
1 day ago
New Zealand Prime Minister Jacinda Ardern announces a comprehensive in-principle free trade agreement with the UK, arrived at after 16 months of talks. London said the deal ends tariffs on British exports such as clothing, footwear, ships and bulldozers. It estimated that trade between the two countries last year was worth £2.3 billion ($3.2 billion, 2.7 billion euros).
Latest
23 mins ago
Mount Aso volcano spews a giant column of ash thousands of metres into the sky, after the late-morning eruption in southwest Japan. The active volcano ejected hot gas and ash as high as 3,500 metres (11,500 feet), and sent stones tumbling down its grassy slopes.
23 mins ago
Portuguese stunt performer Kevin Chaves launched on Thursday (October 21) a record breaking attempt to perform his rola-bola motorbike act in 50-cities around the world, starting with London.
The 21-year-old, who performs with Circus Berlin, balanced on skateboards stacked on a motorbike.
"Well I performed the skateboard stunt which I balance on a cylinder, which is my act," he told Reuters.
23 mins ago
With divergent platforms and a promise to have a new government before Christmas, the Social Democrats, Greens, and business-focused Free Democrats have their work cut out for them.
1 day ago
A grave lack of state support programs has driven many young Spaniards to despair in recent years, which were marked by multiple economic crises. As students are suffering the most, efforts are underway to help them.
1 day ago
In a square in central Fez, the steady beat of hammers on copper has returned - a welcome signal for the ancient Moroccan city's thousands of artisans that trade is slowly picking up after a brutal COVID-induced slump.
Activity is still some way below pre-pandemic levels, and master coppersmith Mohammed Kobbi says the high cost of the metal has hit profit margins.
"The situation is starting to improve," he told Reuters as he hurried past Seffarine Square to deliver an order of eight large pans to a local restaurant.
