Tag: NBS

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.

Understanding trends shaping Nigeria’s real estate sector

As the year winds down, we find out what trends have shaped Nigeria'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.

Nigerian equities continue positive momentum as Q3 GDP hits 2.8%

Nigeria’s equities market closed positive for the fourth straight session this week, this comes as the National Bureau of Statistics (NBS) says Nigeria'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.

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

Data from the National Bureau of Statistics (NBS) shows Nigeria'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's fixed income and FX markets.
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