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<p>The National Bureau of Statistics is expected to release Nigeria’s pension asset data for the first quarter of the year, next week. Ahead of the release, we’ll take a look at how the global Covid-19 pandemic is impacting the asset allocation strategy for pension fund administrators. Joining CNBC Africa more is Niyi Falade, CEO of Crusader Sterling Pensions.</p>


How COVID-19 impacts asset allocation strategy of pension funds


<p>LAGOS (Reuters) &#8211; Annual inflation in Nigeria rose for the sixth straight month to a near two-year high, the statistics office said on Tuesday, as the impact of the country’s closed borders continued to be felt.  </p>



<p>Inflation stood at 12.20% in February, compared with 12.13% in the previous month. It is the highest inflation rate since April 2018, when it stood at 12.48%. </p>



<p>A separate food price index showed inflation at 14.90% in February, compared with 14.85% in January.  </p>



<p>“This rise in the food index was caused by increases in prices of bread and cereals, fish, meat, vegetables, and oils and fats,” the National Bureau of Statistics said in its report.  </p>



<p>Nigeria closed parts of its borders in August to fight smuggling of rice and other goods. Economists say the move has driven inflation as local food producers have struggled to meet demand for food in the country of around 200 million people, Africa’s most populous.  </p>



<p>The central bank monetary policy committee will meet next week to set its benchmark interest rate. It had said it expected to keep monetary policy tight in 2020 to combat inflation and support the currency amidst slow growth of around 2%.  </p>



<p>But Nigeria, Africa’s biggest economy and top oil producer, has been hit hard by low oil prices and the impact of the coronavirus outbreak on China, with which it has close trade ties.  </p>



<p>(Reporting by Alexis Akwagyiram and Bangalore Newsroom; Editing by Catherine Evans)</p>



<p>This article was first published on Reuters Africa <a href="https://af.reuters.com/article/investingNews/idAFKBN21418M-OZABS">https://af.reuters.com/article/investingNews/idAFKBN21418M-OZABS</a> and is republished with its permission.</p>


Nigerian annual inflation edges up to 12.20% in February

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Nigeria’s Minister for Mines and Steel Development, Olamilekan Adegbite, says the country’s mining potential can surpass oil and gas. Meanwhile, data from the National Bureau of Statistics shows that Nigeria’s Mining and Quarrying sector contributed 8.85 to the 2019 GDP lower than the 10.68 per cent recorded in 2018. Joining CNBC Africa to make the investment case for Nigeria’s Mining sector is Cyril Azobu, Partner and Head of Consulting and Mining Leader at PwC.</p>


The investment case for Nigeria’s mining sector

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Nigeria’s agriculture sector grew 2.36 per cent in 2019, hailing the decline in the sector since 2016. The growth was mainly driven by the crop production sub-sector which grew by 2.5 in 2019 compared to the 2.26 per cent growth recorded in 2018. Joining CNBC Africa to assess the performance of Nigeria’s agriculture sector in 2019 is Chike Nwagwu, CEO of Novus Agro.</p>


NBS: Crop production drives growth in Nigeria’s agricultural sector

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Latest data from the National Bureau of Statistics shows that Nigeria&#8217;s economy grew by 2.27 per cent in 2019, beating the IMF&#8217;s projections with the 4th quarter of the year recording the highest quarterly growth since 2016 recession. So how has this growth trickled down to the man on the street?</p>


Nigerians react to the 2019 economic growth figures

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Nigeria’s economy grew 2.27 in 2019 compared to the 1.91 per cent growth rate recorded in 2018. That’s according to data from the National Bureau of Statistics. Steve Osho, Co-Managing Partner at Comercio Partners joins CNBC Africa to unpack Nigeria’s 2019 GDP report.</p>


These are the main economic drivers behind Nigeria’s 2.27% growth in 2019

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Lagos state is among the top five states with the highest unemployed population in Nigeria – that’s according to data from the Labour Force Statistics of the National Bureau of Statistics. Nosike Nwajide, Analyst at FDC joins CNBC Africa to explore ways to change the narrative on unemployment in Nigeria.</p>


How Nigeria plans to change the narrative on unemployment

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<p>Nigeria’s headline inflation reached 11.98 per cent year-on-year in December 2019. Olamide Adeboboye, Research Analyst at ARM Securities joins CNBC Africa to discuss the trends behind the figures and more.</p>


Nigeria’s inflation in December at 11.98% y/y

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<p>As the year winds down, we find out what trends have shaped Nigeria&#8217;s real estate sector this year, as figures from the National Bureau of Statistics (NBS) show the sector has contracted for the second consecutive quarter, after coming out of recession in the first quarter of this year.  Jemil Dawodu, Managing Director of CBRE Excellerate joins CNBC Africa for more.</p>


Understanding trends shaping Nigeria’s real estate sector

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<p>Nigeria’s equities market closed positive for the fourth straight session this week, this comes as the National Bureau of Statistics (NBS) says Nigeria&#8217;s Gross domestic product (GDP) grew by 2.28 per cent in the third quarter. Portfolio Manager at Cordros Asset Management, Christian Ezeagu joins CNBC Africa to unpack the GDP report and activities at the equities market.</p>


Nigerian equities continue positive momentum as Q3 GDP hits 2.8%

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<p>Data from the National Bureau of Statistics (NBS) shows Nigeria&#8217;s gross domestic product (GDP) grew by 2.28 per cent in the third quarter of the year. Taiwo Olajubu, Treasury Coverage Team member at Access Bank joins CNBC Africa to discuss activities shaping Nigeria&#8217;s fixed income and FX markets.</p>


GDP growth rate increases by 2.28% in Q3: Nigerian FX markets

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<p>Nigeria’s October inflation leaped to 11.61 from 11.24 per cent in September indicating a 1.07 percentage point increase month-on-month. That’s according to data from National Bureau of Statistics. Analyst at Assar Investment, Muktar Mohammed joins CNBC Africa to discuss Nigeria&#8217;s equities market.</p>


Nigeria’s October inflation jumps to 11.61%

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<p>The National Bureau of Statistics (NBS) is scheduled to release Nigeria’s October inflation figures today. To discuss expectations for the numbers and more – Steve Osho, Co-Managing Partner at Comercio Partners joins CNBC Africa.</p>


Outlook for Nigeria’s October inflation numbers

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<p>Data from the National Bureau of Statistics (NBS) shows that Nigeria&#8217;s agricultural sector growth slowed to 1.79 per cent in the second quarter, compared to the 3.17 per cent growth recorded in the first quarter of this year. To discuss the performance of the agricultural sector and what areas Nigeria&#8217;s new minister of Agriculture should prioritise, Akin Laoye, Executive Director of FTN Cocoa Processors joins CNBC Africa for more.</p>


Akin Laoye on how Nigeria can fulfil its agricultural potential

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<p>Nigeria&#8217;s second-quarter GDP slowed to 1.94 per cent, according to recent figures from the National Bureau of Statistics (NBS). To discuss measures to drive inclusive growth in Nigeria, Laoye Jaiyeola, CEO of the Nigerian Economic Summit Group (NESG) joins CNBC Africa&#8217;s Kenneth Igbomor for more.</p>


World Economic Forum: NESG’s Laoye Jaiyeola on achieving inclusive growth in Nigeria

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<p>Nigeria’s economy grew by 1.94 per cent in the second quarter of the year compared to 2.10 per cent growth in the first quarter. That’s according to data from the National Bureau of Statistics (NBS). To discuss the trends behind the numbers, Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa for more.</p>


Nigerian recession fears grow as economy slows to 1.94% in Q2

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<p>Nigeria’s July inflation dipped for the second consecutive month to 11.08 per cent according to data from the National Bureau of Statistics (NBS). Meanwhile, the Central Bank of Nigeria (CBN) will hold its bi-weekly retail Secondary Market Intervention Sales (SMIS) Forex auction today. To discuss this and other stories impacting Nigeria’s money market, Nifemi Adeniyi, team leader of Liquidity Management at Access Bank joins CNBC Africa for more.</p>


National Bureau of Statistics

How COVID-19 impacts asset allocation strategy of pension funds

Nigerian annual inflation edges up to 12.20% in February

The investment case for Nigeria’s mining sector

NBS: Crop production drives growth in Nigeria’s agricultural sector

Nigerians react to the 2019 economic growth figures

These are the main economic drivers behind Nigeria’s 2.27% growth in 2019

How Nigeria plans to change the narrative on unemployment

Nigeria’s inflation in December at 11.98% y/y

Understanding trends shaping Nigeria’s real estate sector

Nigerian equities continue positive momentum as Q3 GDP hits 2.8%

GDP growth rate increases by 2.28% in Q3: Nigerian FX markets

Nigeria’s October inflation jumps to 11.61%

Outlook for Nigeria’s October inflation numbers

Akin Laoye on how Nigeria can fulfil its agricultural potential

World Economic Forum: NESG’s Laoye Jaiyeola on achieving inclusive growth in Nigeria

Nigerian recession fears grow as economy slows to 1.94% in Q2

Nigeria’s July inflation slows to 11.08%: A look at the markets

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National Bureau of Statistics

How COVID-19 impacts asset allocation strategy of pension funds

Nigerian annual inflation edges up to 12.20% in February

The investment case for Nigeria’s mining sector

NBS: Crop production drives growth in Nigeria’s agricultural sector

Nigerians react to the 2019 economic growth figures

These are the main economic drivers behind Nigeria’s 2.27% growth in 2019

How Nigeria plans to change the narrative on unemployment

Nigeria’s inflation in December at 11.98% y/y

Understanding trends shaping Nigeria’s real estate sector

Nigerian equities continue positive momentum as Q3 GDP hits 2.8%

GDP growth rate increases by 2.28% in Q3: Nigerian FX markets

Nigeria’s October inflation jumps to 11.61%

Outlook for Nigeria’s October inflation numbers

Akin Laoye on how Nigeria can fulfil its agricultural potential

World Economic Forum: NESG’s Laoye Jaiyeola on achieving inclusive growth in Nigeria

Nigerian recession fears grow as economy slows to 1.94% in Q2

Nigeria’s July inflation slows to 11.08%: A look at the markets

News Tips

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