Buhari cancels Christmas homage to Aso Rock, Gov. Sanwo-Olu recovers from virus and more
Here are a few reasons to pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on Friday.
Meet the startup providing dollar investment opportunities for Nigerians | Tech Talks
Rise is an investment company that provides people living in Nigeria with dollar-denominated investments in the US and other markets to enable them to earn returns that make investing worth it. Rise brings the best investments from around the world to everyone in Africa and beyond in order to create wealth for the continent.
Eyes on Nigeria's Primary Market Auction
Nigeria’s Debt Management Office offered 147.82 billion naira in today’s Primary Auction compared to the 167.82 billion Naira maturing Treasury bills. Ifeoma Onyejekwe, Fixed Income Trader at UBA tells CNBC Africa’s Esther Awoniyi how market participants reacted to the auction as well as what to expect from a possible OMO auction on Thursday.
Nigerian fixed income & Fx market review
Traders say market players are reinvesting in Nigeria’s bond space owing to the low yields in the Treasury bills market. Tunde Adama, Head of Trading at CITI Nigeria joins CNBC Africa’s Esther Awoniyi to discuss the dynamics at play at Nigeria’s Fixed income and the forex market.
#EndSARS: A moment against our broken system II Inside Stuff
On Inside Stuff this week. Martin Oloja talks about the fast-growing protest in Nigeria. The EndSARS movement that started a few days ago over how the Special Anti-Robbery Squad (SARS) section of the Nigerian police force has been brutalizing and killing innocent Nigerians unjustly.
The Abidjan's female basketmaker: She is the chief in a male-dominated market
Estelle Gnahoré Zita runs a workshop in Abidjan where produces decorations made of straw, bamboo or rattan. The craftswoman commands a team of eight men: “Here they don't see my feminine side”.
How resilient is the remittance market to the COVID-19 shock?
Amsterdam based online remittance service provider Azimo says it has entered into a partnership with China's Alipay. Azimo says despite the World Bank's projection of a 23 per cent decline in remittances in 2020, figures from its operations in Nigeria show a 20 per cent increase, while the number of transfers to bank accounts doubled during the COVID-19 lock-down period. Azimo CEO, Richard Ambrose and Egie Akpata, Director at UCML Capital join CNBC Africa for more.
Citroën CEO: Post-pandemic car market 'will not be what it was before'
The coronavirus pandemic has been a double whammy for the motor industry: disrupting supplies, but also hitting demand as countries went into lockdown. Can it recover from the crisis? The Chief Executive of French carmaker Citroën, Vincent Cobée, has said the pandemic had a "substantial impact" on their business, and that the market "will not be what it was before" in the short or long-term. He told FRANCE 24 that while demand returned in June, it could be up to a year before sales "stabilise".
Building production capacity during a pandemic: Lessons from Aba
DG, Marketing and Quality Management Agency, Abia State Sam Heart talks about the lessons learned from Aba market, a production hub in southeast Nigeria during the covid-19 pandemic period.
Oil prices rise as COVID-19 lock-downs start to ease
Oil prices have climbed up in recent times driven by relaxed coronavirus restrictions and lock-downs in some countries which have allowed some businesses and factories to resume operations. The market was also supported by Saudi Arabia’s decision to further deepen its output cut. Rolake Akinkugbe-Filani, Managing Director of Energyinc Advisors joins CNBC Africa to focus on the global oil market and its implication for Nigeria.