Tag: Pabina Yinkere
Monthly data from Nigeria’s pensions industry shows that the country’s total pension fund assets stood at 10.6 trillion naira as at April this year with Federal Government Securities weighing 66.25 per cent of the total pension fund assets. The data also showed that new retirement savings account grew 85 per cent less in April 2020 compared to the same period in 2019. Pabina Yinkere, Chief Investment Officer at Sigma Pensions joins CNBC Africa for more.
Nigeria’s Minister for Finance, Budget and National Planning, Zainab Ahmed says Nigeria's economy could shrink by as much as 8.9 per cent this year in a worst-case scenario without stimulus. Ahmed stated that the contraction could reach 4.4 per cent in a best-case scenario, without any fiscal measures. But with a stimulus, the contraction could be kept to just 0.59 per cent. Pabina Yinkere, Chief Investment Officer at Sigma Pensions joins CNBC Africa for more.
Sigma Pensions says the combination of a low interest rate profile at the start of the year, cheap equity valuations and double-digit dividend yields in some sectors presents scope for positive sentiments towards Nigerian stocks. Meanwhile, BUA cement today listed its combined entity on the Nigerian Stock Exchange (NSE). Pabina Yinkere, Chief Investment Officer at Sigma Pensions, joins CNBC Africa me for an outlook on Nigeria’s equities market this year.
Nigeria’s President Muhammadu Buhari is in South Africa for a 3-day state visit where he will be hosted by South African President, Cyril Ramaphosa. The visit will feature among others a Joint Business Forum with a focus on trade and investment. To discuss the significance of this visit, Tilewa Adebajo, CEO of CGF Advisory and Pabina Yinkere, Chief Investment Officer at Sigma Pensions joins CNBC Africa for more.
Following the resignation of Nigeria's Finance Minister Kemi Adeosun and appointment of Zainab Ahmedas the acting finance minister, CNBC Africa finds out how the recent events will impact investor sentiments on Nigeria with Pabina Yinkere Chief Investment Officer at Sigma Pensions.