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The Chairman of Shoreline Group, Kola Karim says the move by OPEC+ members led by Saudi Arabia and Russia to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter should provide adequate support to the oil market. 

Karim: OPEC+ output cut to shore up oil prices near term

The International Monetary Fund says Nigeria’s capping of fuel pump prices and electricity tariffs below cost recovery could have a fiscal cost of up to 3 per cent of GDP in 2024. 

IMF: Petrol, electricity subsidies to gulp 3% of Nigeria’s GDP

MTN Nigeria posted 2.46 trillion naira as revenue for the full year 2023. 

MTN Nigeria revenue hit ₦2.46trn in FY’23

Transcorp Power makes its debut today on the Nigerian Exchange following Geregu Power’s listing in 2022.

How power firms can tap into Nigeria’s capital market

Nigeria’s cement manufacturers recorded a mixed bag of full-year 2023 earnings as foreign exchange losses and higher net interest income eroded profit margins.

FX losses impact earnings of cement makers, telcos

Cocoa prices are recovering from losses recorded earlier this week as the International Cocoa Organization projects that global 2023/24 cocoa deficit would widen to 374,000 metric tonnes. 

Cocoa prices recover amid widening deficit forecasts

Analysts say following the raft of CBN foreign exchange reforms, aggressive hike in MPR and adjustments to key parameters, the naira is expected to regain some lost grounds. 

Will CBN's moves drive naira appreciation?

Kayode Akindele, Managing Director and CEO of Coronation Capital joins CNBC Africa for more. 

How Nigeria’s higher interest rate environment may impact investments

Ghana’s President, Nana Akufo Addo says the country is committed to completing the external debt restructuring process as soon as possible, stressing that the removal of Ken Ofori-Atta as finance minister won't affect the IMF deal. 

Ghana mulls completion of external debt restructuring soon

The Monetary Policy Committee has commenced its first meeting under the leadership of the Governor of the Central Bank of Nigeria, Olayemi Cardoso. 

Investors eye outcome of Nigeria’s MPC meeting

The Chief Executive of Absa International, Cheryl Buss, says despite increased interest in investment and trade on the continent, opportunities in key sectors such as energy, agriculture and Artificial intelligence need to be harnessed. 

Buss: Long-term investments key for sustainable development in Africa

Alex Boahen, Head of Research at DataBank joins CNBC Africa to for more market movements.

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