Governor of Nigeria's Central Bank says the apex banks development finance efforts have been driven by the need to reduce reliance on crude as smuggling and dumping over the years have led to a demise of Agriculture. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss some developments impacting Nigeria's non-oil exports.
Iran is bracing for renewed U.S. sanctions over the next few hours. These measures are targeting the oil sector, shipping and financial transactions. U.S. Secretary of State Mike Pompeo says Iranian crude exports are already down by 1 million barrels a day. Bloomberg's Jodi Schneider reports on "Bloomberg Daybreak: Asia."