New York food banks have become inundated with newcomers, deprived of income since the near-total halt of business in the United States' economic capital. "We’re seeing a lot of poverty," notices Geraldine Firmin from City Harvest, a major New York-based charitable organization, during a food donation market.
Oil prices are up over 30 cents, supported by an initial trade deal between the United States and China. Meanwhile, the International Energy Agency (IEA) says surging oil production from non-OPEC countries will help the market weather political shocks. Uchenna Minnis, Managing Partner at BluFX Nigeria joins CNBC Africa for more.
While the president of the United States attends a summit that has got everyone pondering the future of the NATO alliance. Back in Washington, the next phase of the impeachment inquiry has some wondering about the future of Western democracy.
The Central Bank of Nigeria has reviewed upwards the minimum loan-to-deposit-ratio (LDR) for banks in the country from 60 to 65 per cent. The new directive comes just after the closure of September 30th deadline set by the regulator for banks to meet the 60 per cent loan-to-deposit-ratio. Meanwhile, oil prices steadied today although gains were capped as weak economic readings in the United States depressed global markets. Research Analyst at Financial Derivatives, Funmi Adebowale joins CNBC Africa for more.