The World Bank has warned that almost 24 million more people will remain in poverty this year because of the coronavirus pandemic. In its latest economic forecast, the Bank warned that developing economies in Asia will see sharply lower growth this year, as "significant economic pain" seems unavoidable. Also today, New York's Attorney General has called for an investigation after Amazon sacked a worker in New York who organised a walkout over sanitary conditions at a warehouse in Staten Island.
As the Lagos Amateur Open Golf Championship 2019 concludes, Chief Risk Officer of First Bank, Olusegun Alebiosu says the bank's 58 years of partnership with the Lagos Amateur Open Golf Championship shows First Bank's commitment to showcasing Nigeria's golf prowess at the tourney which is PGA standard. He spoke to CNBC Africa’s Christy Cole, on the sidelines of the closing ceremony.
Chapel Hill says the directive by Central Bank of Nigeria (CBN) limiting individuals and local corporates from participating in Open Market Operations (OMO) Auctions, is an indication that the Apex Bank is ready to begin to roll back its balance sheet expansion, flatten or reduce the pace of growth. For a focus on Nigeria’s equities market, Macro and Fixed Income Analyst at Chapel Hill Denham, Omotola Abimbola joins CNBC Africa for more.
The African Development Bank (AfDB) held its extraordinary shareholders’ meeting in Abidjan were the Governor of the bank approved a landmark $115 billion increase in capital for the continent’s foremost financial institution. Kenneth Igbomor joins CNBC Africa for more.
President of the Africa Export-Import Bank, Benedict Oramah says intraregional trade disputes in parts of Africa can be resolved through communication. To share some insight on the 500 million-dollar facility for the Manufacturer's Association of Nigeria (MAN) and efforts to strengthen economies across Africa, he joins CNBC Africa's Christy Cole for more.