Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 244055.92 243675 233603 228243 222981
Currency 1359.94 1360 1348 1342 1336
Government Bond 10Y (%) 14.97 14.91 14.41 14.13 13.87

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Annual Growth Rate (%) 3.89 4.3 6.3 7.5 4.6
Unemployment Rate (%) 4.90 4.8 5.1 5.3 4.9
Inflation Rate (%) 15.69 16 17 15.8 15
Interest Rate (%) 26.50 26.5 26.5 26.5 26
Balance of Trade (NGN Million) 355503.23 900000 1000000 1500000 1550000
Current Account (USD Million) 1397.20 5900 3600 3890 2800
Current Account to GDP (% of GDP) 5.10 5.7
Government Debt to GDP (% of GDP) 52.90 53.8
Government Budget (% of GDP) -3.87 -4

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Annual Growth Rate (%) 3.89 4.3 6.3 7.5 4.6
GDP Constant Prices (NGN Million) 51261306.14 53404366 60628043 68767196 53619326
Gross Fixed Capital Formation (NGN Million) 2914571.33 3039898 3098189 3133164 3048642
GDP from Utilities (NGN Million) 281330.49 891042 479247 646655 294272
GDP from Transport (NGN Million ) 524840.64 347430 417484 700043 548983
GDP from Public Administration (NGN Million ) 1077319.93 1457859 1553057 1800856 1126877
GDP from Mining (NGN Million) 2121388.36 2256653 2161690 2176242 2218972
GDP from Construction (NGN Million) 2485698.56 1925188 2302448 2692064 2600041
GDP from Manufacturing (NGN Million) 4905643.96 4170196 4617958 5090662 5131304
GDP from Agriculture (NGN Million) 11872703.68 13974230 18923349 19707927 12418848
GDP from Services (NGN Million ) 29594541.09 30187056 32143353 38453646 30955890
GDP (USD Billion) 187.76 196
GDP per Capita (USD) 2447.64 2550
GDP per Capita PPP (USD) 5665.45 5903
Full Year GDP Growth (%) 3.90 4.2

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 4.90 4.8 5.1 5.3 4.9
Population (Million) 237.53 242
Minimum Wages (NGN/Month) 70000.00 75000

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 15.69 16 17 15.8 15
Consumer Price Index CPI (points) 138.30 143 149 152 156
Core Inflation Rate (%) 15.86 16.5 18 15.8 15.8
Core Consumer Prices (points) 138.42 144 152 154 159
Food Inflation (%) 16.06 19 17 14 12
Inflation Rate MoM (%) 2.10 1.8 1.3 0.8 2
CPI Housing Utilities (points) 140.30 153 148 152 157
CPI Transportation (points) 138.40 141 143 144 147
GDP Deflator (points) 216.12 228 233 222 249

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 26.50 26.5 26.5 26.5 26
Interbank Rate (%) 21.99 21.99 21.99 21.99 21.49
Foreign Exchange Reserves (USD Million) 49581.00 49700 50000 52000 50500
Deposit Interest Rate (%) 11.36 11.36 11.36 11.36 10.86
Lending Rate (%) 19.29 19.29 19.29 19.29 18.79

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (NGN Million) 355503.23 900000 1000000 1500000 1550000
Current Account (USD Million) 1397.20 5900 3600 3890 2800
Imports (NGN Million ) 5978855.61 6400000 5500000 5700000 4600000
Exports (NGN Million ) 6334358.84 7300000 6500000 7200000 6150000
Terms of Trade (points) 102.28 103 103 104 104
Crude Oil Production (BBL/D/1K) 1530.00 1720 1850 1920 1880
Non Oil Exports (NGN Million) 3078220.68 700000 700000 700000 700000
Oil Exports (NGN Million) 3256138.16 3100000 3100000 2850000 2850000
Current Account to GDP (% of GDP) 5.10 5.7

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Services PMI (points) 49.30 49.7 49.7 49.7 49.7
Composite PMI (points) 54.10 52.8 54 52.5 52.5

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Spending (NGN Million) 11532542.65 12028442 12259093 12397483 12063040
Disposable Personal Income (NGN Million) 21437390.24 22359198 22787946 23045195 22423510
Gasoline Prices (USD/Liter) 0.93 1.06 0.91 0.76 0.76

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 52.90 53.8
Government Budget (% of GDP) -3.87 -4