Despite challenges from the difficult operating environment and foreign currency shortages in the country, Moody's says it expects the Nigerian banking system to be stable due to a resilient financial performance. Mik Kabeya, Vice President and Senior Analyst at Moody's Investors Service, joins CNBC Africa to discuss this report and Moody's outlook for the banking sector of the West African Economic and Monetary Union.
21 Dec 2019
Research institute, Moody’s, says Nigeria’s debt affordability will remain weak and the country’s revenue is expected to remain low at around 8 per cent of Gross domestic product (GDP) until 2022. Meanwhile, oil producer club, Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to an additional 500,000 barrel supply cut beginning from the first of January. Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.