Nigeria’s headline inflation hits 31.7% in February

Nigeria’s headline inflation continued its increase, hitting 31.7 per cent in the month of February from 29.9 per cent recorded in January. Meanwhile, traders at UBA say investors are cautious ahead of Monday's 450-billion-naira bond auction. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for some market updates.