Consumer Confidence in Nigeria increased to -14.80 points in the fourth quarter of 2020 from -21.20 points in the third quarter of 2020. Consumer Confidence in Nigeria averaged -8.45 points from 2008 until 2020, reaching an all time high of 9.70 points in the fourth quarter of 2018 and a record low of -29.80 points in the fourth quarter of 2016. source: Central Bank of Nigeria



Related Last Previous Unit Reference
Consumer Spending 11532542.65 10131612.75 NGN Million Dec 2024
Disposable Personal Income 21437390.24 20532203.99 NGN Million Jun 2024
Gasoline Prices 0.60 0.64 USD/Liter Jan 2026
Private Sector Credit 74631910.95 74411674.12 NGN Million Nov 2025


Nigeria Consumer Confidence
In Nigeria, the Consumer Expectations Survey is based on a sample of 1800 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
-14.80 -21.20 9.70 -29.80 2008 - 2020 points Quarterly