Consumer Confidence in Nigeria decreased to -9.90 points in August from -9 points in July of 2026. Consumer Confidence in Nigeria averaged -17.99 points from 2024 until 2026, reaching an all time high of 4.80 points in December of 2025 and a record low of -44.00 points in August of 2024. source: Central Bank of Nigeria

Consumer Confidence in Nigeria is expected to be -7.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Consumer Confidence is projected to trend around 3.00 points in 2027 and -2.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Consumer Confidence -9.90 -9.00 points Aug 2026
Consumer Spending 11532542.65 10131612.75 NGN Million Dec 2024
Disposable Personal Income 21437390.24 20532203.99 NGN Million Jun 2024
Gasoline Prices 1.05 0.88 USD/Liter Sep 2026
Private Sector Credit 83256687.36 81041509.68 NGN Million Jun 2026


Nigeria Consumer Confidence
In Nigeria, the Consumer Expectations Survey is based on a sample of 1665 households. It provides consumers’ tendencies and expectations for general economic conditions, job opportunities, personal financial standing and market developments. The overall consumer confidence index is computed as an average of three measures: the outlook on macroeconomic conditions, family financial situation and family income. The CES is computed as the percentage share of respondents that answered positively less the percentage share of respondents that answered negatively with regard to the given indicator.
Actual Previous Highest Lowest Dates Unit Frequency
-9.90 -9.00 4.80 -44.00 2024 - 2026 points Monthly