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.
Fire Razes Foam Market In Mushin, Lagos, Worship centres to reopen in Lagos on August 7 and more
Here is why you should pick up a copy of The Guardian on Sunday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Sunday.
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.
Nigerian foreign exchange and fixed income watch
Traders say they expect activity at the bond market to pick up today, on the back of the unmet bids at Wednesday's bond auction as well as the improvement in liquidity. Oluwatosin Ayanfalu, Fixed Income Broker at Zedcrest Capital joins CNBC Africa to review today’s trading at Nigeria’s fixed Income and Forex market.
Abuja shuts down churches, mosques, market
The Minister of Federal Capital Territory, FCT, Malam Muhammad Bello, has ordered the closure of shops in markets and neighborhood centers to traders across Abuja due to the COVID-19 Pandemic.
Nigeria's stock exchange to become listed company
The Nigerian Stock Exchange, sub-Saharan Africa's second biggest, has won approval from its members to become a listed company.
Mushin Leather Market: Inside Nigeria's untapped leather treasure
Guardian TV takes a look at inside one of Nigeria's biggest leather market, Mushin. The market which started with about five people on Wey street today has expanded and grow to become an all commerce market where over 300 shops sell different leather materials.
Valentine's Day: French dating apps face off against Anglo-saxon rivals
In the highly concentrated - and very lucrative - market of dating applications, two French companies are trying to make a difference. "Happn" works with geolocation to bring together strangers who have been in a nearby vicinity. "Once" on the other hand opts for "slow dating" by creating "virtual couples" every day at noon.