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Africa Business News

Africa Business News

By Africa Podcast Network
Daily news insights and analysis of the Africa Business Landscape, covering from emerging startups to macroeconomics from across the 55 Africa Union member states com.
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Turning Your Home Into A Luxury Space - Daniella Enaohwo
In this episode of Lagos Landlord, It has been designed to keep you informed on how you turn your home into a luxury space. I have my first ever guest on Lagos Landlord, my very good friend in addition to being the Creative Director and Founder of Grand Mejona Interiors. Daniella Enaohwo. She is a passionate young woman who is passionate about interior design solutions. I know this because she has provided her eloquent service to a couple of my clients.
30:34
October 20, 2020
South Africa advised to seek fund from IMF
The Institute of International Finance has advised South Africa to seek funding from the International Monetary Fund given its high debt levels, large capital outflows and a potentially deep recession.The IIF said it expected South Africa’s economy to contract by 2.5 percent in 2020, but said waning demand, travel restrictions and pandemic-related closures could lead to a deeper recession.The group, which was created by 38 banks in leading industrialised countries, called South Africa's economic situation "increasingly untenable". It said entering a program with the IMF could bring much-needed funding and help shore up investor confidence.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:07
April 1, 2020
Nigeria delays planned increase in electricity tariff
Nigeria's Power Minister, Sale Mamman, says the country will postpone, by at least three months, planned electricity tariff increases as its citizens struggle with coronavirus lockdowns. Mamman made the announcement in a tweet. He said the first price increase since 2015, which was scheduled to take effect on Wednesday, will take place only when distribution companies “improve quality of supply, meter consumers and agree with consumers on rates.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:20
April 1, 2020
Taraba state Government orders closure of markets and worship center
Taraba State government has ordered the closure of all markets, shops and worship centres in the state to prevent the spread of COVID-19. The shutdown is expected to commence from Thursday, April 2. At a press briefing, the Deputy Governor, Haruna Manu, warned that the measure taken should not be allowed to cause panic buying, hoarding or hike in prices of goods and services.Manu explained that essential services like pharmacies, food stores and petrol service stations were exempted from the order.He said the state government will study the implications of its directive by giving periodic updates on the situation so that it does not impact negatively on the people.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:35
April 1, 2020
NNPC seeks smooth movement of petroleum tankers
Meanwhile, the Nigerian National Petroleum Corporation has appealed to law enforcement agencies across the country to allow free movement of petroleum products during the lockdown of Lagos, Ogun and the Federal Capital Territory, Abuja.The group, in a statement, said the exemption granted by President Muhammadu Buhari to certain categories of essential workers covers the operations of petroleum products tanker drivers. The group also advised motorists not to engage in panic buying, noting that NNPC holds over 2.6 billion litres of petrol which is enough to last through the period of the lockdown and beyond.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:29
April 1, 2020
Federal Government of Nigeria reduces petrol price to N123.5 per liter
The Federal Government has reduced the price of petrol from 125 naira per litre to 123 naira, 50 kobo per litre. This is a 1 naira 50 kobo reduction on every litre of petrol purchased nationwide.The Petroleum Products Pricing Regulatory Agency announced the new price after a whole day meeting with stakeholders in the oil and gas sector in Abuja.Executive Secretary of PPPRA, Abdulkadir Saidu, said the guiding price takes effect on 1st April 2020, and shall apply at all retail outlets nationwide for the month of April 2020. He said the PPPRA and other relevant regulatory agencies shall continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector.--- Support this podcast: https://anchor.fm/newscast-africa/support
02:09
April 1, 2020
Britain’s banking sector scraps billions of dollars in shareholder dividends.
Britain’s banking sector has scrapped billions of dollars in shareholder dividends and share buybacks after the Bank of England requested the move to boost liquidity and help cope with the coronavirus pandemic.The British central bank, in a statement, said its Prudential Regulation Authority division had asked lenders to stop the payments until the end of the year.It also said it expects them not to pay any cash bonuses to top staff.In response, Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Santander and Standard Chartered all stated that they will scrap dividends and not pursue buybacks.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:02
April 1, 2020
Zambia in need of financial advisers to stable economy
Zambia's finance minister, Chileshe Kandeta, says the country is looking for financial advisors to help ensure the sustainability of its debt and manage any loans maturing from next year and beyond.The minister told Reuters that the government had issued a request for proposals to provide advisory services on liability management and debt. Kandeta said the request for proposals was issued as part of Zambia’s asset liability management exercise, including project re-scoping and refinancing of Zambia’s Eurobonds.He said the government had no intention of unilaterally restructuring its debt without consulting creditors and would respect agreements.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:34
April 1, 2020
Naira plunges further, dollar sells for N412
The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market.This followed a temporary suspension of sale of forex to the Bureau De Change operators in the industry by the Central Bank of Nigeria.The Association of Bureaux De Change Operators of Nigeria had made a request to the CBN to grant it market holidays, given the ongoing challenges faced in the local and global economies due to the impact of the coronavirus pandemic.The CBN granted the BDCs two weeks market holiday as requested.According to the BDCs, there had been drastic decline in demand for forex due to the impact of the COVID-19 on the economy, as businesses were down and many people were not traveling out of the country.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:36
March 31, 2020
Microsoft clarifies Teams usage surged 775% in Italy
Microsoft Corp (MSFT.O) said it has seen a 775% jump in a month for Teams calling and meeting in Italy, withdrawing an earlier statement that the surge was for its cloud services in regions around the world that enforced social distancing to curb transmission of the coronavirus.The company posted the correction in a blog late Monday, which was originally posted on March 28.Microsoft did not provide any details on growth in cloud services in virus affected regions in the latest blog update.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:29
March 31, 2020
Huawei's revenue tops $223 billion
Huawei Technologies reported a dramatic slowdown in the second half of 2019 on Tuesday, weighed down by U.S. restrictions on the Chinese telecom giant. According to SVP Vincent Pang while revenue grew 19.1% annually, topping $223 billion, the company’s overall growth declined 80% from Q1 to Q4, making for a big challengeHuawei’s annual profit also slowed down, coming in at $9 billion, a 5.6% growth year-on-year, compared to the 25% growth the company posted in 2018. Operating cash flow increased by 22% to $13.1 billion.--- Support this podcast: https://anchor.fm/newscast-africa/support
02:04
March 31, 2020
#Covid19LockDown: Global M&A Crashes to a Record Low
Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers.Deal activity in the United States dropped by half to $252 billion in the first three months from a year ago, driving global volumes down to $698 billion from $964 billion in the first quarter of 2019, according to Refinitiv data. Asia volumes dropped 17% year-on-year to $142.9 billion.The M&A pipeline remains patchy and likely to be dominated by rescue deals, restructurings and nationalizations as governments and central banks try to shore the economy up.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:43
March 31, 2020
American Airlines Seeks $12bn in Aid
American Airlines has confirmed it will seek $12bn (£9.7bn) of financial support from the US government because of the impact of coronavirus.Employees were told in an email this "would allow us to fly through even the worst of potential future scenarios".It said it would mean no involuntary furloughs or cuts in pay rates or benefits for the next six months.Staff will also be offered "enhanced voluntary leave and early retirement options.--- Support this podcast: https://anchor.fm/newscast-africa/support
00:46
March 31, 2020
Ford, GE to produce 50,000 ventilators in 100 days
Ford Motor Co said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric’s healthcare unit, and can then build 30,000 per month as needed to treat patients afflicted with the coronavirus.Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared by the Food and Drug Administration, can meet the needs of most COVID-19 patients and relies on air pressure without the need for electricity.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:26
March 31, 2020
South Africa's Standard Bank withdraws guidance over coronavirus
Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus which has forced South Africa into a 21-day lockdown expected to take a toll on an already sputtering economy.Africa’s largest lender by assets is the first of South Africa’s major lenders to warn that its outlook and guidance might no longer stand.The bank’s guidance, given just weeks ago when it reported 2019 results, was already relatively pessimistic, with the lender warning that the outlook and operating environment in its markets was uncertain and challenging.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:56
March 31, 2020
Deadline for payment service providers extended by 6-months
The Bank of Ghana has officially extended by 6 months, the deadline for meeting the new minimum capital requirements by all existing Payment Service Providers, Electronic Money Issuers, banks and specialized deposit-taking institutions, from June 30, 2020 to December 31, 2020.To operationalize the new Payment Systems and Services Act, 2019 (Act 987), which sought to provide the legal and regulatory framework for the orderly development of Ghana’s payment system, the Bank of Ghana back in September 2019, spelt out minimum capital requirements, permissible activities and fees for all categories of payment service providers and financial technology companies, including a minimum capital requirement of GH¢20 million Ghana Cedis for Mobile Money Operators.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:08
March 31, 2020
South Africa's Harmony Gold expects less gold production during lockdown
Harmony Gold Mining Company said on Tuesday that it expects limited gold production during the 21-day lockdown in South Africa in the wake of the fast-spreading coronavirus.The South Africa-based miner said that it expects to only produce between 650kg to 700kg of gold in South Africa during the lockdown.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:42
March 31, 2020
Oil price plunges to $22, lowest in 18 years
The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel.This comes amid growing fears that the global coronavirus shutdown could last months and demand for fuel could decline further.Brent crude, against which Nigeria’s oil is priced, fell by $2.83 to $22.10 per barrel as of 5:05pm Nigerian time on Monday. It earlier tumbled to as low as $21.76 per barrel, its lowest since March 2002, according to Reuters.The sharp drop in crude oil prices following the spread of the coronavirus pandemic has forced the Federal Government to propose the reduction of the oil price benchmark for the 2020 budget to $30 from $57.Despite the significant reduction in its official selling prices aimed at wooing buyers, Nigeria is still struggling to sell its crude oil as Indian refiners are cutting back on output while European plants are considering closures.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:28
March 31, 2020
Tokyo Olympics to open July 23, 2021
The postponed Tokyo 2020 Olympics will open on July 23, 2021, organisers said Monday, announcing the new date after the Games were delayed because of the coronavirus pandemic.The decision comes less than a week after organisers were forced to delay the Games under heavy pressure from athletes and sports federations as the global outbreak took hold.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:13
March 30, 2020
FTSE 100 slips as oil hits 17-year-low
European stock markets opened broadly lower on Monday and the price of oil dropped sharply, as investors continued to focus on the novel coronavirus pandemic.The FTSE 100 (^FTSE) was down 1.5% after around two hours of trade in London. The German DAX (^GDAXI) was down 0.5% at the same time and the CAC 40 (^FCHI) in Paris was 1.5% lower.The slide for the FTSE 100 came as UK authorities warned over the weekend that restrictions on daily life in Britain could last up to six months.A fall in oil prices also hit the London index. Crude oil (CL=F) was trading 4.7% lower at $20.48 per barrel on Monday morning. Brent (BZ=F) fell by 6.5% to $23.31, having touched an 17-year-low earlier in the session.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:38
March 30, 2020
South Africa Rand plunges to a low
South Africa’s currency plunged to an all-time low on Monday, falling below 18 rand to a dollar after Moody’s cut the country’s last investment grade credit rating.At 0600 GMT, the rand was 1.42% weaker at 17 rand, 91 cents a dollar, pulling back slightly from the all-time low of 18 rand it crashed to in Asian trading.Bonds were also weaker, with yield on the benchmark government bonds due in 2026 rising 72.5 basis points to 11.215 percent.Moody’s downgraded South Africa's rating one notch to ‘Ba1’ from ‘Baa3’ and maintained a negative outlook. This meant another downgrade could follow if the economy performs worse or government debt rises faster than expected.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:39
March 30, 2020
Suicide Bomber injuries Senior Officials in Somalia
A suicide bomber has seriously wounded a senior official in the autonomous Somali region of Puntland. Reports say the governor of Nugal province, Abdisalan Hassan Hirsi, and a former regional police commissioner, Farah Galangole, were attacked by a man wearing a suicide vest who approached their car in the Puntland capital of Garowe.The two men are receiving treatment in hospital.The al-Shabab Islamist group has claimed responsibility for the attack.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:06
March 30, 2020
China unexpectedly cuts reverse repo rate
China’s central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities ramped up steps to relieve pressure on an economy ravaged by the coronavirus pandemic.The People’s Bank of China (PBOC) announced on its website that it was lowering the 7-day reverse repo rate to 2.20% from 2.40%, but it did not give a reason for the move.Ma Jun, a central bank adviser told state media that China still has ample room for monetary policy adjustment and the rate decision took into consideration the return of Chinese companies to work, the global virus situation and a deterioration in the external economic environment.--- Support this podcast: https://anchor.fm/newscast-africa/support
02:04
March 30, 2020
Aircraft Conveying Coronavirus Medical Supply Crashes
A plane believed to be conveying coronavirus medical supplies has crashed during takeoff. The aircraft, bound for Haneda, Japan, crashed at Manila International Airport in the Philippines, killing all the eight people on board.Footage from the crash showed huge flames as emergency services scrambled. Pictures later emerged of the burnt-out wreckage after firefighters got the blaze under control.--- Support this podcast: https://anchor.fm/newscast-africa/support
00:45
March 30, 2020
Oil plunges to 2002 lows.
Oil took another 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months.There were some bright spots, with Australian equities posting a standout jump as the government launched a super-sized support programme.Japan’s Nikkei had led the rest of Asia lower and Europe’s main markets slumped by 1.5-2.5% in early trade, adding to what has already been the region’s worst quarter since 1987.The rout in oil took crude to its lowest since 2002. Brent was at only $22 a barrel by 0815 GMT, hammering Petro currencies such as Russia’s rouble, Mexico’s peso and the Indonesian rupiah by as much as 2%.The euro and pound were both batted back by about 0.6%, leaving the former near $1.1070 and sterling at $1.2350.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:51
March 30, 2020
$28 Monthly Stipend For South African Workers - National Treasury
South Africa’s National Treasury said on Sunday it was introducing a new tax subsidy of 500 rand ($28) per month for each worker to employers for the next four months to cushion financial losses suffered by firms due to the coronavirus.The treasury said in a statement that it would also permit businesses with revenue of 50 million rands or less to delay paying 20% of their employees’ tax liabilities over the next four months.The treasury further said that the tax adjustments are made in light of the National State of Disaster and due to the significant and potentially lasting negative impacts on the economy from the spreading of the COVID-19 virus.The announcement also follows Friday’s decision by Moody’s to cut the country’s debt to sub-investment, meaning all three of the top rating firms now rank the country at junk.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:13
March 30, 2020
UBA donates N5bn to fight COVID-19 across Africa
United Bank for Africa Plc, UBA, announced a donation of over N5 billion, through the UBA Foundation, to help contain the COVID-19 pandemic in 20 African countries where it operates. The bank said in a statement that the donation will provide much needed support to Nigeria and 19 other African countries, by supplying relief materials, critical care facilities and financial support to governments. Under the UBA support programme, N1 billion will be allocated to Lagos State government; N500 million to the Federal Capital Territory, FCT; and N1 billion to the remaining 35 states in Nigeria. Also N1.5 billion will be disbursed to countries with UBA presence across Africa, N1 billion allocated for medical centers with equipment and supplies, as well as development of Free Telemedicine call center facility.--- Support this podcast: https://anchor.fm/newscast-africa/support
02:13
March 30, 2020
Anambra state Governor request for relief funds
Governor Willie Obiano of Anambra State says he needs 1 billion naira to secure the state against the spread of COVID-19. Governor Obiano stated this in a request for the Federal Government. The governor said he had opened a special account for donations towards preventing coronavirus from spreading into the state, which currently has no record of COVID-19.In a statement, the governor said the steps were in line with the state’s resolve to ensure it remains free of the disease.He said the Anambra State COVID- 19 account is in response to various inquiries from people of Anambra State origin in different parts of Nigeria and beyond who have been seeking ways to assist their people since the viral disease outbreak.The account will be domiciled in a new generation bank and administered by the governor as Chairman of Anambra COVID-19 Task Force, to ensure absolute transparency and accountability.--- Support this podcast: https://anchor.fm/newscast-africa/support
02:12
March 30, 2020
Nigerian Financial Sector services continues despite lockdown
The Federal Government has assured that Nigeria's financial sector will continue to offer skeletal services during the lockdown. The assurance was coneyed in a joint statement by the Minister of Finance, Budget and National Planning, Zainab Ahmed, Central Bank Governor, Godwin Emefiele.The statement said exemptions have been obtained from President Muhamamdu Buhari to allow very skeletal operations in the financial system and money markets.It adds that all relevant staff of affected outfits and agencies should look out for further instructions from their immediate bosses.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:24
March 30, 2020
Nigerian Senators Struggle To Impress With 50% Salary Cut
Nigerian senators have agreed to contribute 50 percent of their salaries in efforts to curb the spread and treatment of coronavirus in the country. The Senate Committee Vice Chairman on Media and Public Affairs, Senator Godiya Akwashiki, disclosed this in a statement on Monday.Senator Akwashiki said the monthly contribution from the Upper Legislative Chamber will be sustained until Nigeria is declared safe from effects of the deadly disease.The lawmaker said the Senate is willing and ready to do whatever is required of the Legislature for the effectiveness of the measures presently in place, or that may be required in the future to win the fight against COVID-19. He commended all agencies of the Federal and State governments for working in collaboration to protect public health across the country.--- Support this podcast: https://anchor.fm/newscast-africa/support
02:09
March 30, 2020
G20 leaders pledge to inject 5 trillion into the global economy
Leaders of the Group of 20 major economies have pledged to inject over 5 trillion dollars into the global economy to limit job and income losses from the coronavirus pandemic.The G-20, in a statement, says it is committed to do whatever it takes to overcome the pandemic. The statement was contained in the most conciliatory G20 language on trade in years. It pledged to ensure the flow of vital medical supplies and other goods across borders and to resolve supply chain disruptions.It however stopped short of calling for an end to export bans that many countries have enacted on medical supplies.The G20 leaders also expressed concern about the risks to fragile countries, notably in Africa, and populations like refugees. They also acknowledged the need to bolster global financial safety nets and national health systems.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:12
March 27, 2020
China offers help to US against Coronavirus
Meanwhile, Chinese President Xi Jinping told U.S. President Donald Trump during a phone call on Friday that he would have China’s support in fighting the coronavirus, as the United States faces the prospect of becoming the next global epicentre of the pandemic.Xi’s offer of assistance came amid a long-running war of words between Beijing and Washington over various issues including the coronavirus epidemic--- Support this podcast: https://anchor.fm/newscast-africa/support
00:44
March 27, 2020
United State surpass China and Italy with new cases of Coronavirus
The United States now has more confirmed cases of coronavirus than any other country, with more than 85,500 positive tests. According to the latest figures collated by Johns Hopkins University, the US has overtaken China and Italy.However, the US has almost 1,300 Covid-19-related fatalities, lagging behind China which recorded 3,291 and Italy's 8,215.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:20
March 27, 2020
Toyota Motor Corporation in Asia seeks credits line
Still in Asia, Toyota Motor Corporation has sought a credit line totaling 1 trillion yen, or about 9.23 billion dollars, from Sumitomo Mitsui Banking Corp and MUFG Bank. The credit line is to raise funds on the back of the coronavirus pandemic.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:36
March 27, 2020
Asian shares continues stock rally
In Asia, shares have continued a global stock market rally on hopes global authorities will do more to combat the impact of the coronavirus.Japan's benchmark Nikkei 225 gained 1.6%, the Hang Seng in Hong Kong was up by 1.6% and China's Shanghai Composite rose 1%.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:37
March 27, 2020
UK Prime Minister tests positive for COVID0-19.
UK Prime Minister, Boris Johnson has tested positive for coronavirus.The Prime Minister made the announcement in a tweet, over the last 24 hours I have developed mild symptoms and tested positive for coronavirus. Johnson said he is self-isolating and working from home. He said thanks to “the wizardry of modern technology” he will continue to lead the national fightback against the virus.He thanked the NHS and everybody working to keep the country going through the pandemic and re-emphasised that staying at home is crucial to curbing the spread of the virus.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:24
March 27, 2020
National bank of Ethiopia makes plan to inject 15 billion birr into private banks
The National Bank of Ethiopia plans to inject 15 billion Ethiopian birr or about 456 million US dollars as liquidity for private banks. This is part of efforts to cushion the economy over the impact of the coronavirus. The funds is also expected to help private banks provide debt relief and additional loans to their customers in need.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:14
March 27, 2020
Federal Government allows vessels at sea for 14 days into Nigerian ports
The Federal Government has directed that only cargo vessels that have been at sea for more than 14 days should be allowed to dock in Nigeria's ports. The vessels will only be allowed to dock after the crew have been tested and confirmed to be coronavirus-free by the Port Health Authorities.In a series of tweets, President Muhammadu Buhari said the 14-day restriction does not apply to vessels carrying oil and gas products as by their nature, there is minimal human contact.He also announced the suspension of the movement of commuter trains to limit the spread of the virus to other parts of the country.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:25
March 27, 2020
President Mohammadu Buhari approves 15 billion naira to tackle coronavirus
President Muhammadu Buhari has approved the immediate release of 15 billion naira to Lagos State and the Nigeria Centre for Disease Control to tackle the spread of COVID-19 in the country. The President, in a thread of tweets, said the approval followed the extensive briefings he received recently on the state of the nation. President Buhari ordered the sum of 10 billion naira to be immediately released to Lagos State while the remaining 5 billion naira is to be paid as a special intervention fund to the NCDC.He said the Nigerian Air Force was already making its fleet available to the Presidential Task Force on Covid-19, to enable a better coordinated and more effective response.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:01
March 27, 2020
Bureau De Change operators get 2-week market holiday
The Central Bank of Nigeria has granted a two-week market holiday to the Bureau De Change operators. In a statement, President of the Association of Bureau De Change Operators, Aminu Gwadabe, said the grant comes into effect from Friday, March 27.According to him, it follows a request sent to the apex bank to grant the association market holidays given the ongoing challenges faced in local and global economies due to the impact of the COVID -19 pandemic. He advised the public not to go into panic buying, hoarding and patronising street traders as the apex bank has enough reserves to sustain supplies when the BDCs return to full operations.Meanwhile, the naira eased to a new low of 385 naira, 39 cents per dollar on the over-the-counter spot market on Friday. This comes as importers scramble for dollars to meet existing obligations.The Nigerian curerncy has been hitting new lows this week on the spot market after the central bank last week devalued the official exchange rate.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:58
March 27, 2020
Singapore's economy shrinks, virus-driven recession expected
Singapore has delivered a second stimulus package of about 33 billion US dollars in a bid to fight the coronavirus outbreak, The country drew on national reserves for the first time since the global financial crisis to support an economy heading for recession.The city-state’s gross domestic product fell an annualized 10.6 percent in the first quarter from the previous three months. This is worse than the median forecast for an 8.2 percent contraction. The government said it now sees a sharp contraction in the economy of 1 percent to 4 percent for the full year.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:03
March 26, 2020
Stock poised to open lower as jobless claims surge to record 3.3 million
Figures from the US labour department has shown more than three million people in the US applied for unemployment benefit last week. The figure breaks the record set in 1982 when unemployment claims hit 695,000.It comes as officials in states across the country close restaurants, bars, cinemas, hotels and gyms. Car firms have halted production and air travel has plummeted.--- Support this podcast: https://anchor.fm/newscast-africa/support
00:50
March 26, 2020
Nigeria’s terms of trade up 0.81% in Q4’19
The All-commodity Terms of Trade index for Nigeria increased marginally by 0.81 percent in the fourth quarter of 2019 due to increases in the prices of vegetables, live animals, animal products and prepared foodstuffs.The National Bureau of Statistics disclosed this in its “Commodity Prices Indices and Terms of Trade Q4 2019” report, adding that the increase is explained mainly by a 2.75 percent rise in the prices of goods traded with Asian countries.This is even as the all-commodity group import index fell by 3.27 percent while group export index decreased by 2.6 percent.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:28
March 26, 2020
Six people recover from Coronavirus in Lagos state
Meanwhile, Lagos state government says six more people have recovered from coronavirus in Nigeria. The State Commissioner for Health, Professor Akin Abayomi, on Thursday, said the persons will be discharged from the isolation centre in the State on Friday.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:37
March 26, 2020
US stocks fluctuates after best rally
U.S. stocks fluctuated after the best rally in over a decade, as investors awaited details on the unprecedented government spending packages aimed at countering the hit from the pandemic.The S&P 500 swung between gains and losses following Tuesday’s 9.4% surge in anticipation of the deal between the White House and Congress. A 20% rally in Boeing lifted the price-weighted Dow Jones Industrial Average.Equity markets were also mixed in Europe while stocks took a different tack in Asia.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:22
March 25, 2020
United Nation predicts Africa falling into recession
The United Nations says Africa could fall into recession this year if multilateral lenders and investors don’t help the continent waive debt-servicing costs that could be used to halt the spread of coronavirus.The United Nations Economic Commission for Africa, which facilitated the ministerial meeting, is considering reviewing the region’s growth estimate for this year, which was already reduced to 1.8 percent from 3.2 percent earlier this month.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:38
March 25, 2020
South Africa Airways suspend all flight
South African Airways says it will suspend all its domestic flights from Friday until April 16 in support of a national lockdown to curb the spread of COVID-19, the disease caused by the new coronavirus.The suspension comes as President Cyril Ramaphosa announced a 21-day lockdown from midnight on Thursday as the number of confirmed cases jumped by 128 to 402.SAA said its call centres would not operate for the duration of the lockdown, and it would give customers one free travel change for travel between Tuesday and Thursday. The airline has not made a profit since 2011 and has received more than 20 billion rand in bailouts in the past three years.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:38
March 25, 2020
African Export import bank create billion dollar facility
The African Export Import Bank is creating a 3 billion dollar credit facility to help African countries overcome the effects of the coronavirus pandemic.In a statement, Afrexim says the Pandemic Trade Impact Mitigation Facility will help countries avoid trade payment defaults, support foreign exchange reserves and assist commodities exporters struggling with declining revenues.In the statement, President of the Cairo-based bank, Benedict Oramah, noted that Africa is exposed on many fronts, including significant declines in tourism earnings, migrant remittances, commodity prices and disruption of manufacturing supply chains. He added that a rapid and impactful financial response is required to avert a major crisis in the continent.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:38
March 25, 2020
Manufacturing Index Records Slow Growth in March
The Central Bank of Nigeria’s Manufacturing Purchasing Managers Index (PMI) stood at 51.1 index points in March, indicating expansion in the manufacturing sector for the 36th consecutive month.The index grew at a slower rate compared to February.According to the report, 7 out of 14 sectors surveyed, recorded growth.The report also showed that at 54.4 points, the production level index for the manufacturing sector grew for the 36th consecutive month in March.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:22
March 25, 2020
Dow Jones Recorded Highest One-Day Gains Since 1933 as Asian shares Rally Along
U.S. index futures and European stocks have rallied alongside Asian shares on Tuesday as investors rediscovered a measure of risk appetite as global equities hit their lowest level since 2016. Contracts on the S&P 500, Nasdaq 100 and Dow Jones Industrial Average all jumped more than 5% to hit their upper trading curbs. The Stoxx Europe 600 Index also surged, led by energy companies and miners. Benchmarks in Tokyo, Hong Kong, and Sydney all climbed at least 3% while Korean shares soared almost 9% as the government announced measures to stabilize financial markets amid the coronavirus pandemic.--- Support this podcast: https://anchor.fm/newscast-africa/support
00:58
March 24, 2020
Kenyan shilling inches down against dollar.
In Kenya, traders said the shilling edged down against the dollar on Tuesday and the spread between offers and bids continued to widen due to extreme market volatility.Commercial banks quoted the shilling at between 106 shillings, 60 cents and and107 shillings, 20 cents per dollar, compared with Monday’s close of 106 shillings, 40 cents and 106 shillings, 60 cents.Traders said the central bank’s decision to slash rates and reduce the cash reserve ratio for banks could both support and work against the shilling.--- Support this podcast: https://anchor.fm/newscast-africa/support
02:10
March 24, 2020
South African foreign direct investment drops in 2019
South African foreign direct investment in 2019, dipped compared to the previous year. This is according to figures released on Tuesday by the South African Reserve Bank. The regulator said inflows fell to 66.8 billion rand in 2019 from 72.1 billion rand in 2018.--- Support this podcast: https://anchor.fm/newscast-africa/support
00:30
March 24, 2020
Biggest source of risk facing Nigeria are people returning to Nigeria, said Nigeria Centre Disease Control's Director-General
The Nigeria Centre for Disease Control says the biggest source of risk faced by the nation is people returning to Nigeria. NCDC's Director-General, Chikwe Ihekweazu, disclosed this on Monday, noting that the agency is following up with returning travellers in self-isolation as part of preventive measures by the Federal Government.The NCDC boss called on the public to comply with the federal government's directives to self-isolate after returning from high-risk countries.”He explained that the health agency has moved from giving a daily briefing on the disease to a real-time release of information.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:21
March 23, 2020
South Africa Apex Bank Injects liquidity to Support Economy
The South African Reserve Bank has announced emergency liquidity measures in a bid to ease the stress on banks caused by the coronavirus outbreak. The measures, announced on Friday, include a lower rate for commercial banks to borrow money from the SARB. In a statement, the bank said the Standing Facilities lending rate will be adjusted lower to the repo rate, from the prevailing rate of the repo rate plus 100 basis points. It said the measure will support banks to facilitate their flow of money market liquidity without being penalized.Meanwhile, South African telecommunications company, MTN, has agreed to reduce the cost of its monthly data bundles of 1 gigabyte and below by between 25 percent and 50 percent from April. The telecoms company, on Friday, says the decision follows findings that the country’s mobile data prices were the highest on the continent. MTN South Africa said the price of its 1GB monthly data bundle will fall by 33 percent to 99 rand from 149 rand.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:52
March 20, 2020
Global COVID-19 death toll tops 10,000
The number of people who have died as a result of the coronavirus pandemic now exceeds 10,000, according to an AFP tally based on official data.In total, 10,080 deaths have been reported, most of them in Europe (4,932) and Asia (3,431). Italy is the worst affected country with 3,405 fatalities, followed by China with 3,248, the initial epicentre of the outbreak, and Iran with 1,433.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:34
March 20, 2020
Presidential Advisory Council warns against economic consequences in Nigeria
The Presidential Advisory Council has warned about dire economic consequences for Nigeria if the coronavirus is not contained as quickly as possible. The council, chaired by Professor Doyin Salami, met with President Muhammadu Buhari at the State House, Abuja.It said one of the immediate consequences, as shown in the crash of crude oil prices, was slower economic growth, adding that confidence in the economy would also be eroded.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:15
March 18, 2020
UK to unveil new financial measures to support economy
The government will unveil more financial plans to help the economy during the coronavirus outbreak, after the prime minister announced unprecedented peacetime measures.Boris Johnson has urged everyone to avoid unnecessary social contacts, to work from home where possible, and to stay away from pubs and restaurants.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:06
March 17, 2020
Malaysia records first death from coronavirus.
The World Health Organization (WHO) has described the coronavirus pandemic as the "defining global health crisis of our time", and urged countries to test all suspected cases of COVID-19.Malaysia recorded its first death from the coronavirus while the United States and countries across Europe, Asia and the Middle East have closed schools, entertainment venues and all but essential services.--- Support this podcast: https://anchor.fm/newscast-africa/support
00:52
March 17, 2020
Coronavirus kills Iranian Muslim leader
COVID-19 has killed a member of the clerical body that appoints the supreme leader, according to Iranian state media, the latest official in the country to die of the highly infectious disease caused by the new coronavirus.Ayatollah Hashem BathayiGolpayegani, 78, died two days after testing positive for the new coronavirus and being hospitalized.Golpayegani represented Tehran in the assembly of experts, an 88-strong body of Muslim scholars that appoints and monitors Iran's supreme leader.At least 12 Iranian politicians and officials, both sitting and former, have now died of the illness, and 13 more have been infected and are either in quarantine or being treated.--- Support this podcast: https://anchor.fm/newscast-africa/support
00:55
March 16, 2020
Italy to suspend mortgage payments amid outbreak
Italy's deputy economy minister, Laura Castelli said Mortgage payments will be suspended across Italy as part of measures to soften the economic blow of coronavirus on households,Italy's banking lobby group ABI said lenders would offer debt holidays to small firms and families.Suspending debt payments is not unheard of in Italy. Some small businesses and families were given time off during the financial crisis before having to repay.Italy has extended its emergency coronavirus measures, which include travel restrictions and a ban on public gatherings, to the entire country.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:33
March 10, 2020
Tier-1 banks’ loan growth to fall by 50% in 2020
THE top five banks, otherwise known as Tier-1 banks (T-1 banks) will record 50 percent decline in loan growth rate in 2020. Analysts see a slow down to single from double digit growth recorded in 2019.The banks are Access Bank, Guaranty Trust Bank, GTB; First Bank of Nigeria Limited, FBN; United Bank for Africa Plc, UBA; and Zenith Bank.The financial statement of the five banks shows that their combined loans and advances rose to N10.65 trillion in Nigeria from N8.57 trillion 2018, translating to loan growth of 24.3%.--- Support this podcast: https://anchor.fm/newscast-africa/support
01:24
March 9, 2020
WISCA is Mentoring 37 Young Professional Women - Fabia Ogunmekan
Fabia Ogunmekan is the Executive Secretary of Women in Successful Careers (WISCAR). She is a Lawyer and Corporate Executive with 20 years’ experience working in the fields of law and development across Corporate Organizations and the Nonprofit sector. She holds an MSc in Nonprofit Management from the Cass Business School, City University London, BL from the Nigerian Law School and LLB from the University College London. She has attended a number of capacity building courses in the areas of Law, Leadership, Corporate Social Responsibility and Management and is an Alumnus of the Lagos Business School's Senior Management Programme, SMP 36. She has worked in Legal Practice as an Associate with the law firm of The Law Union in Lagos, As a Corporate/ Admin Secretary Pronatura Nigeria a sustainable development NGO in Port Harcourt focused on empowering communities in the Niger Delta towards achieving sustainable livelihoods, with Hygeia Group an integrated healthcare services company in Lagos where she spent 8 successful years in different management and executive roles, culminating in her role as Head of Group Legal and Regulatory Compliance; the Tony Elumelu Foundation as Alumni Engagement Manager where she was responsible for engagement programs and collaborative partnership opportunities for the Alumni network. She has consulted and is a facilitator at the Lagos Business School’s Nonprofit Leadership and Management Programme. In her spare time she volunteers as a mentor. She is a 2018 Rise Up Leader and is passionate about the pursuit of development in Africa and the role of women in enabling that happen.
11:06
February 24, 2020
ARM is Improving Access to Financial Services Products in Nigeria - Henrietta Bankole-Olusina
LABS by ARM is an accelerator program designed to engage post-MVP FinTech startups in a series of activities aimed at exponentially advancing the growth of their companies within a short time frame, and ensuring their investment-readiness. Our maiden edition was last year (2019), and this program has produced some of the most important businesses in the Nigerian FinTech space. The 2020 program will kick-off on the 10th of February, 2020 and we would love to have you around to witness and report this important event for us.We will be introducing you to the Startups that have made it into the program this year, and more importantly, you will be able to ask questions - and have exclusive information - pertaining to the program, the market and our vision to enhance innovation in Nigeria by supporting the brightest and the most locally relevant technology ideas.Mrs. Henrietta Bankole-Olusina (Managing Director, ARM Financial Advisers Limited)Henrietta Bankole-Olusina is the Managing Director of ARM Financial Advisers Limited, the digital financial services business of the Group with the mandate to build the Group’s digital distribution platform for all retail products across the Group, including mutual funds, life insurance, trust and wills, stocks, pensions, and real estate products.She also oversees ARM’s Corporate Transformation and Information Technology departments. Prior to joining ARM, she was the Management Consulting Lead for Financial Services and the Head of Mobility and Payments at Accenture. While at Accenture, she was also the Head of Finance and Performance Management. Henrietta holds a B.Sc. Biology from the University of Lagos and an MBA with a specialization in Corporate Strategy and Economic Policy from The Maastricht School of Management, The Netherlands.
23:52
February 18, 2020
Sustainable and Scalable Innovation for Africa
Innovation in AfricaHere, we intend to look at the current innovation blocks and how incorporating the concepts of viability, sustainability, and scalability into the entire journey of innovation, from ideation to actualization, we can begin to leave a greater impact onto communities across Africa. What innovation blocks are running in Africa?For Africa there are three critical players and funnels that form the current innovation ecosystem:1.Institutions of higher learning - universities, colleges, etc.2.Incubators, co-working spaces, and hubs – the home of startups3.Local enterprises – successful startups in the ecosystemThe funnels of innovationAt the very core of innovation lies ideas and methodologies that nurture and provide a framework for the creative process to take place. Institutions of higher learning provide this environment that helps build up the capacity of an ecosystem to create new solutions for its pains. Institutions of Higher LearningInnovation is heavily built around the education systems and supported by culture (both existing and nurtured). Here, ideas are prevalent and the support systems are present to make these ideas come to light. These institutions provide a platform where the private sector can synchronize and deliver industry-grade training to students. Developer communities thrive in educational institutions that encourages industry level training and learning that helps incentivize innovative ideas. Training based initiatives to training young people, and more recently teens, looking to gain skills or pursue a career in technology are increasing. Moreover, funding options for students are increasing with organizations looking to enable the next great startups, not only from Africa but from across the world. Next steps for institutions of higher learningHowever, despite these numerous channels of opportunity, these institutions need to do more to spur viable, sustainable and scalable innovation across the board. Such steps include:1.Providing an ecosystem of technology aware investors who can financially support innovative ideas coming out of these institutions.2.Strategic partnerships with the industry working together creating synergy between the two parties and insight on both ends3.Updated technical knowledge through training facilitated by the enterprises in the industry ensuring that academic institutions are training for industry needs4.Encouraging multidisciplinary collaboration with regards to building solutions. Healthcare innovation with input from healthcare experts allows for more robust solutions.5.Setting the social, cultural and intellectual tone of their local areas and ecosystems – having deep roots in the community they’re in, academic institutions can play a critical role in creating more STEM-based cultures where children are encouraged to take on the sciences. 6.Contributions to government and industrial decision making. Once academic institutions are on the table, it’s much easier to push for innovation as an agenda.Incubators & HubsThe training provided in the universities and colleges goes a long way in creating the foundation of co-working spaces, hubs, and incubators. Hubs or co-working spaces thrive on young entrepreneurs who are interested in building solutions for their communities. Currently, according to a 2018 GSMA report, there is 442 number of hubs located in major cities across Africa. From these hubs, come some of the most exciting ideas and business models that are unparalleled anywhere else in the world. MPESA is the brainchild of a campus undergraduate while ideas such as Tanda and Mellowcab are based in co-working spaces. There are 6,300+ startups currently running and operational in Africa currently according to Angel List and...
16:13
February 18, 2020
"Women Are Ready to Bend-Over Backward to Help Other Women Within a Structured Framework" - Amina Oyagbola
In her words, Women are ready and willing to bend over backward to accommodate and help other women, this is been the story of WISCA, says the founder Amina Oyagbola. Amina Oyagbola is a Philanthropist and Global Business Leader in Lagos, Nigeria. She is also the founder of WISCAR (Women in Successful Careers). WISCA runs a mentorship program for young female professionals in Nigeria. The program matches the mentor with the mentee after the mentee has articulated what her career aspirations are and has also chosen to pursue a career as a corporate professional. According to Amina, she has been on this journey for 11 years and they have proven that the methodology works and now they are working on scaling the program globally. Mentoring 37 Mentees this year and hopefully will be doubling the number in 2021. to make a donation, please visit www.wisca.ng
22:40
January 23, 2020
"Women Are Ready to Bend-Over Backward to Help Other Women Within a Structured Framework" - Amina Oyagbola
In her words, Women are ready and willing to bend over backward to accommodate and help other women, this is been the story of WISCA, says the founder Amina Oyagbola.Amina Oyagbola is a Philanthropist and Global Business Leader in Lagos, Nigeria. She is also the founder of WISCAR (Women in Successful Careers). WISCA runs a mentorship program for young female professionals in Nigeria. The program matches the mentor with the mentee after the mentee has articulated what her career aspirations are and has also chosen to pursue a career as a corporate professional. According to Amina, she has been on this journey for 11 years and they have proven that the methodology works and now they are working on scaling the program globally. Mentoring 37 Mentees this year and hopefully will be doubling the number in 2021.to make a donation, please visit www.wisca.ng--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
22:40
January 23, 2020
Young People Can Fix This World - French Minister of State, Gabriel Attal
Visiting Nigeria and the City of Lagos for the first time, Gabriel Attal, the Minister attached to the French Ministry of National Education and Youth branched at Africa Business Radio Studio and had a chat with our CEO about Entrepreneurship and African Youth. In his words, "Young people are currently very aspirational and they want to change the world"
07:36
December 13, 2019
The Art of Tech Lagos 1.0. is a Game Changer - Michelle Omoregha
Michelle is a member of the organizing committee, she speaks about the impact of the Art of Tech Lagos 1.0.
06:24
December 11, 2019
Art of Tech 1.0. - Nigerian Farmers Are Going Techy
The Farming Prophet, Jareed Ibrahim speaks to Shepheard about How Nigerian farmers are using technology.
17:21
December 11, 2019
Art of Tech 1.0. - It's Now Clear to Everyone That The Future is Digital - Babajide Asegbeloyin
Babajide Asegbeloyin Speaks on What FCMB is Doing on Agric-Tech and he also elaborated on the current reality that the future will be digitally driven.
12:14
December 11, 2019
Art of Tech 1.0: Weyimi Eribo Shares Her Entrepreneurship Experience
At the just-concluded Art of Technology 1.0 in Lagos, Weyimi Eribo Shares Her Entrepreneurship Experience.
08:01
December 10, 2019
Art of Tech 1.0: The Starting Point of a Business isn't an Idea - Lanre philips
Dr. Lanre Philips was a speaker at the just concluded Art of Technology 1.0. in Lagos. He spoke about a minimum viable product, particularly emphasizing that the Starting Point of a Business isn't an Idea.
13:55
December 10, 2019
Art of Tech 1.0.: Making Mobility Safe, Accessible and Affordable in Lagos
The CEO of Max ng had a chat with the Africa Business Radio team on-site at the just concluded Art of Technology 1.0. in Lagos.
17:29
December 10, 2019
Art of Tech 1.0.: Discussion on The African Digital Natives
Ayotunde Coker had a chat with the Africa Business Radio team on-site, discussing The African Digital Natives and the current landscape.
15:27
December 10, 2019
Art of Tech 1.0.: Supporting Tomorrow's Dangote Today - Timi Olagunju
Art the just concluded Art of Technology 1.0. Timi Olagunju had with Africa Business Radio on-site.
12:37
December 10, 2019
Art of Tech. 1.0: Millennials Championing Out-of-the-Box Thinking in Tech
There are few millennials in Africa that are adopting out-of-the-box thinking in tech and tech solutions. Dolapo as one of the speakers and delegate at the just concluded Art of Tech 1.0 share some insights.
11:17
December 10, 2019
Africa Hair Exposed - A Trichologist Speaks
If you can think of your head as a garden with your hair as the flowers and your body as the soil, this podcast will change your life. Whether or not you believe in the impact of climate upon the planet, Earth, you cannot deny the impact of weather conditions such as harmattan on your hair, skin, and scalp. Whatever good a psychologist may do to help you gain mental balance, a trichologist will do to beautify your hair, skin, and scalp? Caring properly for your hair will make you healthy and proper nutrition betters your whole being. This podcast offers you:- Practical knowledge about the African hair vis-a-vis its texture and natural uniqueness.- Why and how is African hair products seem to be rising in production and sale?- The power of Natural hair and how to take care of our hair (Natural/Relaxed)- Resources and investment opportunities in the hair industry and the position of Africa's Nigeria.- The educative benefit of seeing a trichologist and care of the hair during different seasons.- What should you expect from your trichologist?--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
50:08
December 6, 2019
Africa Hair Exposed - A Trichologist Speaks
If you can think of your head as a garden with your hair as the flowers and your body as the soil, this podcast will change your life. Whether or not you believe in the impact of climate upon the planet, Earth, you cannot deny the impact of weather conditions such as harmattan on your hair, skin, and scalp. Whatever good a psychologist may do to help you gain mental balance, a trichologist will do to beautify your hair, skin, and scalp? Caring properly for your hair will make you healthy and proper nutrition betters your whole being. This podcast offers you: - Practical knowledge about the African hair vis-a-vis its texture and natural uniqueness. - Why and how is African hair products seem to be rising in production and sale? - The power of Natural hair and how to take care of our hair (Natural/Relaxed) - Resources and investment opportunities in the hair industry and the position of Africa's Nigeria. - The educative benefit of seeing a trichologist and care of the hair during different seasons. - What should you expect from your trichologist?
48:34
December 6, 2019
Oil Companies Now Require Presidential Consent to Fire Workers in Nigeria
As reported by Business Day Nigeria, Oil and gas companies in Nigeria are now required to obtain the approval of the Minister of Petroleum Resources, through the Department of Petroleum Resources (DPR), before they can remove any staff from their employment. This is according to new guidelines approved by President Muhammadu Buhari, who doubles as Minister of Petroleum Resources. Failure to comply with this directive attracts a penalty of $250,000. In addition, any permit, license or lease granted to that company may be withdrawn or canceled by the DPR. In letters issued by the DPR to oil companies in Nigeria, the agency informed them that Regulation 60b of the Petroleum (Drilling and Production) Amendment Regulations 2019 was recently reviewed and signed into law by the president of the Federal Republic of Nigeria. Read More on BusinessDay 
13:41
November 26, 2019
Oil Companies Now Require Presidential Consent to Fire Workers in Nigeria
As reported by Business Day Nigeria, Oil and gas companies in Nigeria are now required to obtain the approval of the Minister of Petroleum Resources, through the Department of Petroleum Resources (DPR), before they can remove any staff from their employment.This is according to new guidelines approved by President Muhammadu Buhari, who doubles as Minister of Petroleum Resources. Failure to comply with this directive attracts a penalty of $250,000. In addition, any permit, license or lease granted to that company may be withdrawn or canceled by the DPR.In letters issued by the DPR to oil companies in Nigeria, the agency informed them that Regulation 60b of the Petroleum (Drilling and Production) Amendment Regulations 2019 was recently reviewed and signed into law by the president of the Federal Republic of Nigeria.Read More on BusinessDay --- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
15:14
November 26, 2019
Identifying and protecting IP - What are The X-Factors?
On this episode, Host God’sBaby sits down with Legal Practitioners Israel Aye (Founder of Mylaw.ng) and Tosin Amusan (Co-Founder Mylaw.ng) to discuss IDENTIFYING & PROTECTING INTELLECTUAL PROPERTY RIGHTS IN EVERY BUSINESS
24:18
October 18, 2019
Identifying and protecting IP - What are The X-Factors?
On this episode, Host God’sBaby sits down with Legal Practitioners Israel Aye (Founder of Mylaw.ng) and Tosin Amusan (Co-Founder Mylaw.ng) to discuss IDENTIFYING & PROTECTING INTELLECTUAL PROPERTY RIGHTS IN EVERY BUSINESS--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
25:51
October 18, 2019
Nigeria Looks to Hollywood For Its Creative Industry; Zim Stats and IMF Allegedly Reported Wrong Inflation Data; Policy Intervention Boosted Angolan Cereal Production...
Nigeria's slashes travel allowances and duration of ministers; The first bank hosts 3rd fintech summit; Twitter warns politicians against incitive posts; Nigeria Looks to Hollywood For Its Creative Industry; Zim Stats and IMF Allegedly Reported Wrong Inflation Data; Policy Intervention Boosted Angolan Cereal Production...
15:02
October 17, 2019
Understanding The Current Landscape of Business Writing in Africa
Copywriter, Tiffany Markman takes her reliable insight into the show Business Connect, as she helps unpack the knowledge of Business Communication into the real world of everyday business. Tiffany, who has spent 10 hours daily for the last 13 years, writing industries including banking, insurance, retail, corporate services, law, and construction, which was impacted on the show.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
31:43
October 17, 2019
Understanding The Current Landscape of Business Writing in Africa
Copywriter, Tiffany Markman takes her reliable insight into the show Business Connect, as she helps unpack the knowledge of Business Communication into the real world of everyday business. Tiffany, who has spent 10 hours daily for the last 13 years, writing industries including banking, insurance, retail, corporate services, law, and construction, which was impacted on the show.
30:10
October 17, 2019
Nigeria Grudgingly Paid P&ID; Somalia Seduces Investor Into Its Petroleum Industry;Sudanese Ministry to Stop Mercury Importation; Nigeria to
P&ID paid £250,000 as running cost by the Nigerian Government; Nigeria's Minister of Aviation, says N10 billion would be required to get the Enugu airport running again; Senegal to host the World Water Forum in Dakar in March 2021; US President, Donald Trump says US-China talks are going well.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
32:01
October 12, 2019
Nigeria Grudgingly Paid P&ID; Somalia Seduces Investor Into Its Petroleum Industry;Sudanese Ministry to Stop Mercury Importation; Nigeria to Rollout 5G....
P&ID paid £250,000 as running cost by the Nigerian Government; Nigeria's Minister of Aviation, says N10 billion would be required to get the Enugu airport running again; Senegal to host the World Water Forum in Dakar in March 2021; US President, Donald Trump says US-China talks are going well.
29:57
October 12, 2019
Union Bank Has An Idea About Managing Your Finance - Tech Your Finance
Tech Your Passion" Series is a knowledge-sharing program that allows entrepreneurs and professionals within a certain sector to learn about the latest technologies used by leaders within that sector and how they can use them too to boost their businesses. This 1st edition is tagged "Tech Your Finances" - focused on the finance/fin-tech sector, and will see participants learn how they can use to grow their savings. The event is scheduled as follows: Date: October 18th, 2019 Time: 4:00 PM - 6:00 PM Venue: Leadspace Yaba: 70, Olonode Street, Alagomeji, Yaba, Lagos.
09:14
October 11, 2019
Union Bank Has An Idea About Managing Your Finance - Tech Your Finance
Tech Your Passion" Series is a knowledge-sharing program that allows entrepreneurs and professionals within a certain sector to learn about the latest technologies used by leaders within that sector and how they can use them too to boost their businesses.This 1st edition is tagged "Tech Your Finances" - focused on the finance/fin-tech sector, and will see participants learn how they can use to grow their savings.The event is scheduled as follows:Date: October 18th, 2019Time: 4:00 PM - 6:00 PMVenue: Leadspace Yaba: 70, Olonode Street, Alagomeji, Yaba, Lagos.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
10:47
October 11, 2019
South African Equities Tumble as Offshore Sell-offs Intensify; Nigerian Bakassi Deep Seaport to Cost Up-to $2 Billion; Malaysian Anti-graft
Nigerian banks gave only 4.20% of their total loans to the agricultural sector in the second quarter 2019; The proposed Bakassi Deep Seaport, to be located to gulp between $1.7 billion and $2 billion; South African stocks market falls as foreigners offload stocks; Malaysian authorities impose USD 100 million fines on 80 entities for in the midst of corruption scandal.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
13:46
October 8, 2019
South African Equities Tumble as Offshore Sell-offs Intensify; Nigerian Bakassi Deep Seaport to Cost Up-to $2 Billion; Malaysian Anti-graft War Intensifies..
Nigerian banks gave only 4.20% of their total loans to the agricultural sector in the second quarter 2019; The proposed Bakassi Deep Seaport, to be located to gulp between $1.7 billion and $2 billion; South African stocks market falls as foreigners offload stocks; Malaysian authorities impose USD 100 million fines on 80 entities for in the midst of corruption scandal.
12:13
October 8, 2019
Moroccan Tourism Group Left With Unpaid Bills By Thomas Cook's Bankruptcy
The second-largest tour operator in Morocco and Europe was left with unpaid bills with hotel operators bearing the burden, feeling the void left by Thomas Cook. --- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
04:03
October 5, 2019
Moroccan Tourism Group Left With Unpaid Bills By Thomas Cook's Bankruptcy
The second-largest tour operator in Morocco and Europe was left with unpaid bills with hotel operators bearing the burden, feeling the void left by Thomas Cook. 
02:33
October 5, 2019
Dimmer Global Economic Growth Outlook Further Pressured Emerging Market Equities; JSE Follows Asian Equities Slipped into 1-Month Low; Oil Market Opens Trading With a Mixed Sentiment.
Investors lost billions of naira on the Nigerian stock exchange during the trading session on Wednesday 2nd Oct. 2019 as Nigerian debt stock hits 252.2% compared to about 10 years ago. Dimmer Global Economic Growth Outlook Further Pressured Emerging Market Equities; JSE Follows Asian Equities Slipped into 1-Month Low; Oil Market Opens Trading With a Mixed Sentiment. The United States of America is gearing up for another tariff war, not with a country this time around but with a continent, as World Trade organization gives a go-ahead for Trump's Administration to Slap EU with a $7.5 billion in the tariff.
16:37
October 3, 2019
Bulgarian Economist Takes Over IMF, Poses As a Saviour for Poor Country; Kenya Gets Criticized For Buttering-up Foreign Business at the expense of locals; Spanish Investors Eye Nollywood
NCC issues warning to telecoms companies to upgrade their service, or face sanctions; Spain to invest in Nigeria's movie industry; South Africa seeks for lower electricity cost as part of a bid to rescue Eskom; New IMF boss to help countries minimize their risk of economic crises.
30:00
October 1, 2019
Bulgarian Economist Takes Over IMF, Poses As a Saviour for Poor Country; Kenya Gets Criticized For Buttering-up Foreign Business at the expe
NCC issues warning to telecoms companies to upgrade their service, or face sanctions; Spain to invest in Nigeria's movie industry; South Africa seeks for lower electricity cost as part of a bid to rescue Eskom; New IMF boss to help countries minimize their risk of economic crises.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
31:33
October 1, 2019
Giving up Fat Wallets and Briefcases, Nigerians Doubt Cashless Policy
In Nigeria, the cashless policy was implemented in 2012 by the Central Bank of Nigeria CBN, to checkmate the circulation of excess cash in the country. It prescribed a cash handling charges of 3% on daily withdrawal above five hundred thousand Naira for individuals and 5% deduction on three million Naira for corporate bodies. The policy was first put to use on January 1, 2012, in Lagos State. The service charges were withheld until 30 March of the same year to allow for seamless migration from manual to electronic devices. The second phase commenced in Rivers, Anambra, Abia, Kano State, Ogun, and the Federal Capital Territory on 1 July2013, while the program nationwide started a year later on 31 July 2014. The cashless policy has been widely embraced by people, but the criticisms it has received is on the deductions to be made the Central Bank on all transactions. This criticism is not only from the masses, but even government officials like the members of the house of representatives, who during a sitting, asked the apex bank to suspend the implementation of the cashless policy, which took effect from Wednesday, 18th September , 2019, till further notice, after due consultation with relevant stakeholders. Chairman of the House Committee on Media and Public Affairs, Mr. Benjamin Kalu said the House was against implementation of the policy as it would cause more hardships for Nigerians, and the house, asked the House Committee on Banking and Currency to meet with the CBN to “ ascertain the propriety, relevance and the actual need for the implementation of that aspect of the cashless policy at this time, considering the prevailing economic situation of the country and to report back to the House within four weeks . ” Asides from the fact that it has made cash transactions easier, and faster, it has also made cybercrimes, and robberies easier, with the emptying of peoples' accounts after they were dispossessed of their ATMs, and also the scamming of foreigners by fraudsters commonly known as Yahoo guys. Experts have also picked holes in the CBN's cashless policy, as some experts say said that the charges were unnecessary as they added to the burden that customers already bore, which include deductions for card maintenance fee, Automated Teller Machine withdrawal charge, stamp duty, Commission on Turnover and SMS alert from their accounts. The Registrar, Chartered Institute of Finance and Control of Nigeria, Mr. Godwin Eohoi, called for a downward review of the charges to 0.5 percent for individuals and 1.5 percent for corporate organizations. It is hoped that the Central Bank of Nigeria will channel the cashless policy into its an original function of easing the lives of the populace, also put in place measures that will authenticate and formalize the transactions that are done to check the menace of Advanced Fee Fraud, which is giving Nigeria a bad reputation on the global scene. The cashless policy will also help to curb corruption, and the flow of money which results in an increase of economic growth, and reduce the expenditure incurred in printing and transportation of currency notes.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
07:28
September 30, 2019
Giving up Fat Wallets and Briefcases, Nigerians Doubt Cashless Policy
In Nigeria, the cashless policy was implemented in 2012 by the Central Bank of Nigeria CBN, to checkmate the circulation of excess cash in the country. It prescribed a cash handling charges of 3% on daily withdrawal above five hundred thousand Naira for individuals and 5% deduction on three million Naira for corporate bodies. The policy was first put to use on January 1, 2012, in Lagos State. The service charges were withheld until 30 March of the same year to allow for seamless migration from manual to electronic devices. The second phase commenced in Rivers, Anambra, Abia, Kano State, Ogun, and the Federal Capital Territory on 1 July 2013, while the program nationwide started a year later on 31 July 2014. The cashless policy has been widely embraced by people, but the criticisms it has received is on the deductions to be made the Central Bank on all transactions. This criticism is not only from the masses, but even government officials like the members of the house of representatives, who during a sitting, asked the apex bank to suspend the implementation of the cashless policy, which took effect from Wednesday, 18th September , 2019, till further notice, after due consultation with relevant stakeholders. Chairman of the House Committee on Media and Public Affairs, Mr. Benjamin Kalu said the House was against implementation of the policy as it would cause more hardships for Nigerians, and the house, asked the House Committee on Banking and Currency to meet with the CBN to “ ascertain the propriety, relevance and the actual need for the implementation of that aspect of the cashless policy at this time, considering the prevailing economic situation of the country and to report back to the House within four weeks . ” Asides from the fact that it has made cash transactions easier, and faster, it has also made cybercrimes, and robberies easier, with the emptying of peoples' accounts after they were dispossessed of their ATMs, and also the scamming of foreigners by fraudsters commonly known as Yahoo guys. Experts have also picked holes in the CBN's cashless policy, as some experts say said that the charges were unnecessary as they added to the burden that customers already bore, which include deductions for card maintenance fee, Automated Teller Machine withdrawal charge, stamp duty, Commission on Turnover and SMS alert from their accounts. The Registrar, Chartered Institute of Finance and Control of Nigeria, Mr. Godwin Eohoi, called for a downward review of the charges to 0.5 percent for individuals and 1.5 percent for corporate organizations. It is hoped that the Central Bank of Nigeria will channel the cashless policy into its an original function of easing the lives of the populace, also put in place measures that will authenticate and formalize the transactions that are done to check the menace of Advanced Fee Fraud, which is giving Nigeria a bad reputation on the global scene. The cashless policy will also help to curb corruption, and the flow of money which results in an increase of economic growth, and reduce the expenditure incurred in printing and transportation of currency notes.
05:55
September 30, 2019
APCON Practitioners Against APCON Proposed Directive on Vetting Fees
The news about the new policy by the Advertising Practioner Council of Nigeria which require APCON to vets advertisements to conform with the standards of best practice and in accordance with the provisions of the Code of Advertising Practice, and the Laws of the Federation. This policy mandates all advertisements to be submitted for pre-exposure vetting and approval. Organizations and persons wishing to place advertisements in any media must first present the concept(s) for pre-exposure vetting and approval. This policy has attracted a lot of backlashes on social media and we spoke to someone close to the matter at APCON. Ishaya Ibrahim works directly with Head North-Central Zone of APCON, Ishaya appears not to be sure whether to agree with this proposed directive or not. He sheld more lights on the pros and cons of the proposed directive.
26:53
September 26, 2019
Nigerian Court Convicted P&ID Fraudsters; APCON Clarifies Internet Advertising Screening Policy; Nigeria; Beijing Gets New Airport.....More
Nigeria's Government borrows N767.3 billion from the World bank; APCON to begin vetting of adverts by brands in Nigeria; Consumers of alcohol and cigarettes to pay more in Kenya; New Beijing Airport set for launch.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
26:29
September 20, 2019
Nigerian Court Convicted P&ID Fraudsters; APCON Clarifies Internet Advertising Screening Policy; Nigeria; Beijing Gets New Airport.....More on the News
Nigeria's Government borrows N767.3 billion from the World bank; APCON to begin vetting of adverts by brands in Nigeria; Consumers of alcohol and cigarettes to pay more in Kenya; New Beijing Airport set for launch.
24:56
September 20, 2019
"the prelude to investing is that you have a solid source of income" - Subomi Plumptre
Subomi joins us in the studio on Breakfast connect, she chats to Godsbaby to discuss on the understanding of what being financially literate means for working professionals. According to Subomi, the prelude to investing is that you have a solid source of income, making money becomes very very important.  Subomi Plumptre heads the Corporate Practice of Alder Consulting, Nigeria’s leading creative intelligence firm. At Alder, she consults on idea development, business strategy, social media strategy, and brand development. She is a Hootsuite Certified Professional. With an academic background in analytical reasoning, scientific investigation and practical research, Subomi has been a team lead for Alder on a number of diverse Government and Corporate projects including the Educational Sector Transformation Plan of the Federal Ministry of Education, the Reform Programme of the Federal Ministry of Foreign Affairs and the Restructuring of the Ministry of Solid Minerals Development. She was a strategy team lead for branding programs for the British Council, First Bank, and Guaranty Trust Bank. Subomi has a wide range of interests. She is an avid investor and was named one of 20 African Women to Watch in Blockchain by Cryptocoin News. She is a Director at Volition Capital, a firm with significant blockchain investments. In recognition of her writings on investing, she was appointed a retail wealth representative for Stanbic IBTC and Meristem Securities.
29:52
September 20, 2019
"the prelude to investing is that you have a solid source of income" - Subomi Plumptre
Subomi joins us in the studio on Breakfast connect, she chats to Godsbaby to discuss on the understanding of what being financially literate means for working professionals. According to Subomi, the prelude to investing is that you have a solid source of income, making money becomes very very important. Subomi Plumptre heads the Corporate Practice of Alder Consulting, Nigeria’s leading creative intelligence firm. At Alder, she consults on idea development, business strategy, social media strategy, and brand development. She is a Hootsuite Certified Professional.With an academic background in analytical reasoning, scientific investigation and practical research, Subomi has been a team lead for Alder on a number of diverse Government and Corporate projects including the Educational Sector Transformation Plan of the Federal Ministry of Education, the Reform Programme of the Federal Ministry of Foreign Affairs and the Restructuring of the Ministry of Solid Minerals Development.She was a strategy team lead for branding programs for the British Council, First Bank, and Guaranty Trust Bank.Subomi has a wide range of interests. She is an avid investor and was named one of 20 African Women to Watch in Blockchain by Cryptocoin News. She is a Director at Volition Capital, a firm with significant blockchain investments. In recognition of her writings on investing, she was appointed a retail wealth representative for Stanbic IBTC and Meristem Securities.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
31:23
September 20, 2019
Nigerian Households Survey Indicates Local Trades Exploiting Border Closure To Raise Prices; Zimbabwe to Support Artisanal Miners; Kenyatta And Museveni Move to Make Peace......More on the News
The African Development Bank h launches a US$ 2 billion 3-year Global Benchmark bond; Border closure in Nigeria causes an increase in the market price of goods; Uganda, and Kenya agree to end the conflict; Drone attack on Saudi Arabia's oil installation mounts pressure on global oil supply.
12:14
September 16, 2019
Global Capital Market Opens The Week With a Renewed Optimism
On today's Market analysis, Soji Akinlabi focuses on the fundamental basis of the widespread investors' optimism across the different market. The attack on Saudi's Aramco oil's refineries, the largest refineries in the world, is set to be the major driver of the oil market this week and there's a shared sentiment about this globally. Investors are still excited about the ECB's rate cut by 10 basis point as the outcome of last Thursday's meeting and resumption of its quantitative easing program. Last, another fundamental factor to consider this week is the renewed political will between the US and China to make a deal and put an end to the escalating trade wars, this has also been demonstrated by the shown gestures from both parties towards the end of last week through the suspension of the next phase of tariff wars.
20:34
September 16, 2019
Global Capital Market Opens The Week With a Renewed Optimism
On today's Market analysis, Soji Akinlabi focuses on the fundamental basis of the widespread investors' optimism across the different market. The attack on Saudi's Aramco oil's refineries, the largest refineries in the world, is set to be the major driver of the oil market this week and there's a shared sentiment about this globally. Investors are still excited about the ECB's rate cut by 10 basis point as the outcome of last Thursday's meeting and resumption of its quantitative easing program. Last, another fundamental factor to consider this week is the renewed political will between the US and China to make a deal and put an end to the escalating trade wars, this has also been demonstrated by the shown gestures from both parties towards the end of last week through the suspension of the next phase of tariff wars.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
22:07
September 16, 2019
A Hero Lost the City, The City Lost a Hero - Exclusive on Robert Gabriel Mugabe
If you live on the shores of Africa either as a native or a visitor, you already have an opinion about Africa and Africans. Your opinions are possibly influenced by the observable living standards of many African citizens, but you may have reviewed the political character of some African leaders or you simply echo the opinions of Non-Africans sources who may or may not be fact-based. The world is a market of opinions and today, it is about the Late Ex-President of Zimbabwe, Robert Gabriel Mugabe who from an economic point of view, left a sweet-bitter taste in the mouth of Zimbabweans. Idolized as a hero in his early years of leadership and criticized as a villain in his later years of rulership, Robert Mugabe queues with the greatest freedom fighters and also with the meanest dictators of the world. From being the son of a carpenter, Robert studied under British teachers, moved to Ghana where he also worked as a teacher before he became a nationalist and was jailed for ten years without a trial for opposing white-rule. Speaking at the 36th African Union Summit in Addis Ababa, Ethiopia,...
11:08
September 7, 2019
A Hero Lost the City, The City Lost a Hero - Exclusive on Robert Gabriel Mugabe
If you live on the shores of Africa either as a native or a visitor, you already have an opinion about Africa and Africans. Your opinions are possibly influenced by the observable living standards of many African citizens, but you may have reviewed the political character of some African leaders or you simply echo the opinions of Non-Africans sources who may or may not be fact-based. The world is a market of opinions and today, it is about the Late Ex-President of Zimbabwe, Robert Gabriel Mugabe who from an economic point of view, left a sweet-bitter taste in the mouth of Zimbabweans. Idolized as a hero in his early years of leadership and criticized as a villain in his later years of rulership, Robert Mugabe queues with the greatest freedom fighters and also with the meanest dictators of the world. From being the son of a carpenter, Robert studied under British teachers, moved to Ghana where he also worked as a teacher before he became a nationalist and was jailed for ten years without a trial for opposing white-rule. Speaking at the 36th African Union Summit in Addis Ababa, Ethiopia,...--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
12:42
September 7, 2019
Nigeria Might Have to Building a Wall to Protect Its Borders - Nigeria Custom Services' PRO Joseph Atah Weighs-in
The Nigeria Customs Services Deputy Controller general and PRO in an exclusive interview on Africa Business Radio's Breakfast Show disclose that Seme is not the only porous border in Nigeria, there are more than 25 other unapproved birders across the Nation. Mr. Joseph Attah mentioned that solving the problem of smuggling in Nigeria goes beyond shutting-down just the Seme border but it is a decision to protect the nation’s economy. He made this known during an interview this morning on Africa Business Radio's breakfast show, First Run. TAKE A LISTEN... Joseph Attah urged Nigerians and her Africans neighbors to consider the border closure, a move towards protecting the nation from criminal elements, stressing that unapproved borders across 25 states in Nigeria will be closed.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
14:32
September 3, 2019
Nigeria Might Have to Building a Wall to Protect Its Borders - Nigeria Custom Services' PRO Joseph Atah Weighs-in
The Nigeria Customs Services Deputy Controller general and PRO in an exclusive interview on Africa Business Radio's Breakfast Show disclose that Seme is not the only porous border in Nigeria, there are more than 25 other unapproved birders across the Nation. Mr. Joseph Attah mentioned that solving the problem of smuggling in Nigeria goes beyond shutting-down just the Seme border but it is a decision to protect the nation’s economy. He made this known during an interview this morning on Africa Business Radio's breakfast show, First Run. TAKE A LISTEN... Joseph Attah urged Nigerians and her Africans neighbors to consider the border closure, a move towards protecting the nation from criminal elements, stressing that unapproved borders across 25 states in Nigeria will be closed.
13:00
September 3, 2019
Lagos State No1 Indebted State in Nigeria; Nigerian Traders Cry out Over Seme Border Closure; South African Economist Warns That United State Might Hurt Self With Tradewar.......more on the news
Debt survey shows that 10 Nigerian states owe N2.74 trillion; Prices of Frozen foods, rice, and  tomatoes increase in the Lagos market as border closure continues; South Africa about to experience an industrial action; Argentina to restrict foreign currency purchase due to a sharp drop in the peso. With U.S. markets shut for a holiday on Monday, though, investors remained on the sidelines while looking to see what expansionary policies the European Central Bank and the U.S. Federal Reserve could unveil this month. After one week of positive performance, the stock market began its depreciation last week following losses in bellwethers stocks such as Seplat Petroleum Development Plc. Dangote Cement Plc, Guaranty Trust Bank Plc. The market had chalked up 3.2 per cent the previous week after a long bearish period. The Argentine government will henceforth restrict foreign currency purchases following a sharp drop in the value of the peso. Firms will have to seek the central bank's permission to sell pesos to buy foreign currency and to make transfers abroad. Argentina is also seeking to defer debt payments to the International Monetary Fund (IMF) to deal with the crisis. In an official bulletin issued on Sunday, the government said that it was necessary to adopt "a series of extraordinary measures to ensure the normal functioning of the economy, to sustain the level of activity and employment and protect the consumers".
33:31
September 2, 2019
The August Edition of SparkNG Set to Focus on The Business of Wellness in Nigeria
The Spark Ng is having its magazine release launch on the 30th of August themed #WorkIt. It's an intimate gathering where there will be discussions surrounding how to stay fit in life and in business Attendees also get to network, and connect with like-minded people in the industry. Let's discuss staying fit and the business of it!--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
19:06
August 29, 2019
The August Edition of SparkNG Set to Focus on The Business of Wellness in Nigeria
The Spark Ng is having its magazine release launch on the 30th of August themed #WorkIt. It's an intimate gathering where there will be discussions surrounding how to stay fit in life and in business Attendees also get to network, and connect with like-minded people in the industry. Let's discuss staying fit and the business of it!
17:33
August 29, 2019
Upcoming Regional High Policy Dialogue on Transforming Agriculture
The Mandela Institute of Development Studies Programme Director, Ian Mashingaidze and the Graca Machel trust Nutrition Programme Manager Rachel Toku-Appiah set the stage for the Regional High Policy Dialogue on Transforming Agriculture held in Maputo Mozambique from the 19th to the 23rd of November. They give us insight into why Agriculture & Nutrition is an integral conversation every African should take part in and why this dialogue is necessary to the development of a sector that provides so much opportunity for economic empowerment for Africa’s large youth population. Join the conversation on social media using the hashtag #TransformingAgriculture and listen to the live broadcast on Africa Business Radio.
16:40
November 19, 2018
GAP Medical Winner. GAP Innovation Competition 2018
GAP Medical Winner Dentrover This is a Mobile dental unit targeted for the ease of access of remote and under-privileged communities.
09:49
November 17, 2018
GAP BIO Winner University of Limpopo Micropropagation of high value and indigenous rare plants.
In-vivo and in-vitro propagation of ethno-botanically important indigenous plants with commercial potentialThis area of expertise deals with the development of suitable propagation techniques for mass production of selected indigenous plants by using in vivo, vitro, plant tissue culture, techniques for production of plants with improved characteristics and high multiplication rate for commercial purposes. It further relates to plant responses to various environmental stresses (light intensity, UV radiation, temperature and heavy metals) with emphasis on oxidative stress--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
31:27
November 17, 2018
GAP BIO Winner University of Limpopo Micropropagation of high value and indigenous rare plants.
In-vivo and in-vitro propagation of ethno-botanically important indigenous plants with commercial potential This area of expertise deals with the development of suitable propagation techniques for mass production of selected indigenous plants by using in vivo, vitro, plant tissue culture, techniques for production of plants with improved characteristics and high multiplication rate for commercial purposes. It further relates to plant responses to various environmental stresses (light intensity, UV radiation, temperature and heavy metals) with emphasis on oxidative stress
29:53
November 17, 2018
Entrepreneurship Doesn't Necessarily Require You To Own Your Own Business - Dr. Togo
The GAP Innovation Competitions are looking for innovators, researchers and entrepreneurs that are working on novel technologies that will improve the efficiency of government service delivery, increase the competitiveness of the local economy and enhance the quality of life of ordinary citizens. Categories are in the ICT, Medical, Biosciences and Green economy. Remember to register for the Business Basics Workshop which will entail vital orientation and preparation for your GAP application. Winners of GAP 2018 will share in seed funding and cash prizes, as well as receive incubation services with technical and business mentors, intellectual property lawyers and access to The Innovation Hub’s network of industry and government partners.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
15:14
November 17, 2018
Entrepreneurship Doesn't Necessarily Require You To Own Your Own Business - Dr. Togo
The GAP Innovation Competitions are looking for innovators, researchers and entrepreneurs that are working on novel technologies that will improve the efficiency of government service delivery, increase the competitiveness of the local economy and enhance the quality of life of ordinary citizens. Categories are in the ICT, Medical, Biosciences and Green economy. Remember to register for the Business Basics Workshop which will entail vital orientation and preparation for your GAP application. Winners of GAP 2018 will share in seed funding and cash prizes, as well as receive incubation services with technical and business mentors, intellectual property lawyers and access to The Innovation Hub’s network of industry and government partners.
13:41
November 17, 2018
Adv Pieter Holl Acting CEO Innovation Hub on GAP Innovation Competition 2018
INNOVATIONS BROUGHT A STEP CLOSER TO FRUITION AS THE INNOVATION HUB ANNOUNCES GAP INNOVATION COMPETITION 2018 WINNERS Tshwane, 15 November 2018– A treasure trove of ideas have been added to the Gauteng province’s arsenal to boost the economy and find new solutions as The Innovation Hub – a subsidiary of the Gauteng Growth and Development Agency (GGDA) - annouced the winners of the Gauteng Accelerator Programme (GAP) Innovation Competition 2018. Winners comprise innovators, researchers and entrepreneurs that are working on novel ideas that will improve the efficiency of government service delivery, increase the competitiveness of the local economy and enhance the quality of life of ordinary citizens. From enviro-friendly ablution and sanitation solutions, to recyclable sanitary wear; improved access to dental care and what promises to be a sure winner for our consumption driven economy – a technological solution that alerts shoppers to the best sales and deals. The next generation of entrepreneurs will receive commercialisation support and seed funding, and a year-long incubation at of The Innovation Hub’s Business Incubators.
07:58
November 17, 2018
Deployment of technology for education, access to the internet in Africa for accelerated learning.
The Fundi Education Forum #FEF2018 gathered the greatest minds in Politics and Business to discuss the state of Education on the African continent. Nqobani Mzizi, host of "Business Today in Africa" had a chat with His Excellency My Raila Odinga, and they spoke about the deployment of technology for education, access to the internet in Africa for accelerated learning and his personal contribution towards Education in Kenya, amongst other important topics.
12:26
October 31, 2018
Nigerian Communication Commission is Committed To Ensuring Maximum ROI For Investors - Tonny Ojobo
Mr. Tonny Ojobo, the Director of Public Affairs Nigerian Communication Commission in conversation with Adetunji Omotola highlights the mandate of the commission within the Nigerian telecommunication industry and the commitment to ensuring the adequate return on investment for investors South Africa’s flagship initiatives to support ICT and SME development throughout both country and continent position it as the ideal host nation for ITU Telecom World 2018. The South African government’s national Digital Society SA strategy aims to position the country as a significant player in the development of ICTs throughout the value chain, accelerate uptake in all socio-economic sectors, increase inclusion, and transform the country into a fully digital society.
28:14
October 25, 2018
Nigerian Communication Commission is Committed To Ensuring Maximum ROI For Investors - Tonny Ojobo
Mr. Tonny Ojobo, the Director of Public Affairs Nigerian Communication Commission in conversation with Adetunji Omotola highlights the mandate of the commission within the Nigerian telecommunication industry and the commitment to ensuring the adequate return on investment for investorsSouth Africa’s flagship initiatives to support ICT and SME development throughout both country and continent position it as the ideal host nation for ITU Telecom World 2018.The South African government’s national Digital Society SA strategy aims to position the country as a significant player in the development of ICTs throughout the value chain, accelerate uptake in all socio-economic sectors, increase inclusion, and transform the country into a fully digital society.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
29:47
October 25, 2018
Partnership is The Secrete To Unlocking Economic Benefits of Digital Revolution - ITU Telecom World
ITU Telecom World 2018 took place in Durban, the third largest city in South Africa, a growing urban setting rich in diversity, cultural amenities, economic growth, history, and natural beauty. As the official host of the conference, the minister in the Department of Telecommunications and Post of the Republic of South Africa chats to Adetunji Omotola about the key takeaways, he emphasized on the need for partnership on every point, from infrastructure to delivery South Africa’s flagship initiatives to support ICT and SME development throughout both country and continent position it as the ideal host nation for ITU Telecom World 2018. The South African government’s national Digital Society SA strategy aims to position the country as a significant player in the development of ICTs throughout the value chain, accelerate uptake in all socio-economic sectors, increase inclusion, and transform the country into a fully digital society.
16:24
October 25, 2018
Partnership is The Secrete To Unlocking Economic Benefits of Digital Revolution - ITU Telecom World
ITU Telecom World 2018 took place in Durban, the third largest city in South Africa, a growing urban setting rich in diversity, cultural amenities, economic growth, history, and natural beauty. As the official host of the conference, the minister in the Department of Telecommunications and Post of the Republic of South Africa chats to Adetunji Omotola about the key takeaways, he emphasized on the need for partnership on every point, from infrastructure to delivery South Africa’s flagship initiatives to support ICT and SME development throughout both country and continent position it as the ideal host nation for ITU Telecom World 2018. The South African government’s national Digital Society SA strategy aims to position the country as a significant player in the development of ICTs throughout the value chain, accelerate uptake in all socio-economic sectors, increase inclusion, and transform the country into a fully digital society.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support
18:27
October 25, 2018