Tag: NBS

How Nigeria can diversify its exports

Latest data from the National Bureau of Statistics show that Nigeria's exports declined by 31 per cent to 6.3 trillion naira, with Spain and the Netherlands emerging the top export destinations. But exports of minerals, mainly crude oil still accounted for Nigeria largest portion of exports. Akin Laoye, Executive Director of FTN Cocoa Processors and Nnamdi Nwizu, Co-Managing Partner at Comercio Partners join CNBC Africa’s Kenneth Igbomor to explore Nigeria's export diversification strategy.

Nigeria releases unemployment data after nearly two-year hiatus

Nigeria's National Bureau of Statistics has released the country’s unemployment data for the first time in nearly two years. Nigeria's statistics office pegged its unemployment rate at 27.1 per cent in the second quarter of the year up from the 23.1 per cent reported in the third quarter of 2018. Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.

How COVID-19 impacts asset allocation strategy of pension funds

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.

The investment case for Nigeria’s mining sector

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.

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

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.

Nigerians react to the 2019 economic growth figures

Latest data from the National Bureau of Statistics shows that Nigeria's economy grew by 2.27 per cent in 2019, beating the IMF'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?

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

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.

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

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.