CBN's new target for Microfinance Banks
The Central Bank of Nigeria (CBN) has set new targets for Nigeria's Microfinance banks in its revised National Financial Inclusion Strategy. With a target of 774 new bank accounts per year in view, the CBN wants each branch of every Microfinance bank to acquire 64 new customers per month. Rogers Nwoke, President of the National Association of Microfinance Banks joins CNBC Africa for more.
Bellwethers dip equities further
Nigeria's Equities market continued its negative run for the fourth consecutive session, as some market bellwethers continue to falter. Peju Siyanbola, Research Analyst at FSDH Merchant Bank joins CNBC Africa for more.
NSE postpones Airtel Africa listing
Nigerian investors will have to wait a little longer for Airtel Africa's new listing date to be announced by the Nigerian Stock Exchange (NSE). Femi Oladehin, Partner, Investment Banking at Argentil Capital Partners joins CNBC Africa for more.
Fed to cut by 100 basis points this year, Saxo Bank says
John Hardy, head of FX at Saxo Bank, discusses Federal Reserve policy, the U.S. economy, and the dollar.
Renaissance Capital CEO: How to industrialise Africa amid global trade tensions
The CEO of Renaissance Capital, Temi Popoola says technology presents Africa with a unique opportunity to leapfrog the challenges of the past. He also described the theme of this year’s AfreximBank Annual Meetings as timely. He discussed this and more with CNBC Africa’s Christy Cole.
West Africa money market review
Chapel Hill Denham says spreads tightened and yields fell across African sovereign Eurobonds following the dovish signalling by key central banks last week which buoyed global risk appetite. Omotola Abimbola, Macro and Fixed Income Analyst at Chapel Hill Denham joins CNBC Africa for a focused discussion on the West African money market.
FSDH: Govt should sell investment opportunities to Nigerians in the diaspora
FSDH Merchant Bank says the Central Bank of Nigeria should continue to restrict access to foreign exchange for the importation of items that can be locally produced produce and should work at unifying the multiple exchange rate regime in the country. Ayodele Akinwunmi, Head of Research at FSDH Merchant Bank joins CNBC Africa to breakdown this report.
TDB CEO: Funding available for African projects but not enough deals
Funding is available for projects in Africa but there are not enough ready deals to receive it. This is according to Admassu Tadesse, President and CEO of the Trade and Development Bank joined CNBC Africa’s Godfrey Mutizwa to discuss this and more.
Stanbic IBTC: Nigeria's May PMI drops to 52.9
Nigeria’s headline Purchasing Managers Index for the month of May came in at 52.9 points below the previous month's reading of 55.5 although the rate of output price inflation softened in the period. This is according to Stanbic IBTC's PMI report. Gbolahan Taiwo, Regional Economist for West Africa at Stanbic IBTC joins CNBC Africa for this discussion.
Assessing Nigerian banks' non-performing loans
Nigeria's National Bureau of Statistics says non-performing loans in Nigeria’s banking sector was at 10.83 per cent in the first quarter of the year. Muyiwa Oni, Regional Head of Equity Research at Standard Bank Group joins CNBC Africa for more.
Nigeria’s consumers under pressure
Coronation Merchant Bank says the established market share of the principal listed companies in the food and Home and Personal Care Industry in Nigeria are being eroded and appears to have shifted from the large listed players to a number of low-cost, low-price point competitors and entrants. Guy Czartoryski, Head of Research at Coronation Merchant Bank joins CNBC Africa for this discussion.