Markets await Nigeria’s June inflation figures
17 July 2019 | 6:00 am
Nigeria's National Bureau of Statistics (NNBS) is expected to release the country's June Inflation figures later today. Meanwhile, Nigeria's President Muhammadu Buhari says he is under pressure to release his cabinet list. Tilewa Adebajo the CEO of CFG Advisory joins CNBC Africa for more.
Estonia's recently-elected president is urging caution over the situation at Belarus's borders with the European Union. Thousands of migrants hoping to enter the EU and claim asylum there, mainly from the Middle East, are camped at the borders. Asked by FRANCE 24 how dangerous he judges the tensions to be, Alar Karis said: "I think it's a threat. It's a border of the EU and of a NATO state. We should be very careful and cautious about what's going on Of course the sad thing is that there are innocent people in between that they are using as a shield."
France's popular, government-regulated tax-free savings account scheme, known as the "Livret A", is likely to raise interest rates in February after recording the biggest deposit outflow since 2014.
United Arab Emirates General Ahmed Naser al-Raisi has criminal complaints against him in five countries. The decision was announced amid the global law enforcement agency's annual gathering in Istanbul.
President Buhari meets security chiefs, orders increased surveillance on Abuja-Kaduna road and more
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Opposition leader and former president Mikheil Saakashvili says charges against him for his role in suppressing a 2007 protest are "trumped up." Amnesty International called his arrest "political revenge."
The omicron variant of Covid-19 has added a fresh layer of uncertainty to global stock markets. Rabobank's Senior Market Strategist Christian Lawrence talks us through the latest volatility, and what he expects from central banks in the coming weeks. Also in the show: India's coal mines could hamper the country's efforts to reduce carbon emissions.
President Muhammadu Buhari on Wednesday hosted his South African counterpart, Cyril Ramaphosa, in the Presidential Villa Abuja. The South African President who is accompanied by a delegation of ministers and business leaders is on a state visit expected to reinforce South Africa’s bilateral relations with Nigeria as well as strengthen partnerships directed at African development and cooperation in multilateral forums.
Gambian President Adama Barrow has comfortably won re-election, the electoral commission said on Sunday, though he may face a legal challenge from opposition candidates who rejected the results because of unspecified irregularities. Barrow received around 53% of Saturday's vote, far outstripping his nearest rival, political veteran Ousainou Darboe, who won about 28 percent.
Chinese private investment in Uganda is growing while Westerners are losing appetite to put money to work in the country, President Yoweri Museveni told Reuters, pledging to step up efforts to tackle corruption which has made slow progress. Museveni, in power since 1986 and one of Africa's longest-serving leaders, said Uganda was working to sign a number of deals with Chinese private sector lenders in sectors from agro- and fertilizer-processing, minerals processing or textiles.
The Federal Reserve is paving the way for possible interest rate hikes next year, in an effort to contain stubbornly high inflation. At the conclusion of a two-day policy meeting Wednesday, the central bank announced plans to phase out its large-scale bond-buying program faster than initially planned. The Fed started purchasing bonds during the pandemic as a way to keep borrowing costs across the economy low and to prevent any market disruptions.
Will Jacob Zuma return to prison? South Africa's highest court orders the former president to be re-incarcerated after setting aside an earlier decision to release him on medical parole. Meanwhile, the country records close to 27,000 new Covid-19 cases, an all-time record. Plus, European football clubs say they may not release their African players to take part in the Africa Cup of Nations, amid fears surrounding the tournament's Covid-19 health protocol.
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