Markets Actual Q4/26 Q1/27 Q2/27 Q3/27
Stock Market (points) 243458.95 242548 235707 229989 224444
Currency 1342.05 1327 1320 1315 1309
Government Bond 10Y (%) 16.89 16.63 16.2 15.84 15.49

Overview Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Annual Growth Rate (%) 4.43 4.5 3.9 4.3 4.1
Unemployment Rate (%) 4.90 6 5.1 5.3 5.5
Inflation Rate (%) 14.63 15.7 15.3 14.5 15
Interest Rate (%) 23.00 23 21 21 20
Balance of Trade (NGN Million) 4297126.77 1500000 1550000 1900000 950000
Current Account (USD Million) 4981.08 3890 2800 2800 2800
Consumer Confidence (points) -9.90 -5 3 6 4
Current Account to GDP (% of GDP) 5.10 5.7
Government Debt to GDP (% of GDP) 52.50 53.8
Government Budget (% of GDP) -3.87 -4

GDP Actual Q4/26 Q1/27 Q2/27 Q3/27
GDP Annual Growth Rate (%) 4.43 4.5 3.9 4.3 4.1
GDP Constant Prices (NGN Million) 53472832.84 66848112 53260497 55772165 55665219
Gross Fixed Capital Formation (NGN Million) 2914571.33 3045727 3028240 3039898 3034069
GDP from Services (NGN Million ) 30274279.89 37380521 30748728 31576074 31515525
GDP from Agriculture (NGN Million) 13985779.48 19157938 12335739 14587168 14559196
GDP from Manufacturing (NGN Million) 4127981.96 4948597 5096964 4305485 4297229
GDP from Transport (NGN Million ) 352105.53 680507 545309 367246 366542
GDP from Utilities (NGN Million) 812834.62 628609 292302 847787 846161
GDP from Public Administration (NGN Million ) 1424810.07 1750600 1119335 1486077 1483227
GDP from Construction (NGN Million) 1970454.18 2616937 2582641 2055184 2051243
GDP from Mining (NGN Million) 2301502.70 2115510 2204123 2400467 2395864
GDP (USD Billion) 290.79 303
GDP per Capita (USD) 2368.54 2468
GDP per Capita PPP (USD) 8145.15 8487
Full Year GDP Growth (%) 3.90 4.2

Labour Actual Q4/26 Q1/27 Q2/27 Q3/27
Unemployment Rate (%) 4.90 6 5.1 5.3 5.5
Population (Million) 237.53 242
Minimum Wages (NGN/Month) 70000.00 70000

Prices Actual Q4/26 Q1/27 Q2/27 Q3/27
Inflation Rate (%) 14.63 15.7 15.3 14.5 15
Consumer Price Index CPI (points) 146.40 152 156 164 168
Core Inflation Rate (%) 12.95 10.5 12 15 13
Core Consumer Prices (points) 145.18 147 153 165 164
Food Inflation (%) 19.59 18 20 17.5 15
Inflation Rate MoM (%) 0.06 0.8 2 1.1 0.9
CPI Housing Utilities (points) 147.10 152 158 168 169
GDP Deflator (points) 223.09 222 249 255 257

Money Actual Q4/26 Q1/27 Q2/27 Q3/27
Interest Rate (%) 23.00 23 21 21 20
Interbank Rate (%) 20.00 20 18 18 17
Foreign Exchange Reserves (USD Million) 54910.00 60000 58500 59600 60050
Deposit Interest Rate (%) 10.33 10.33 8.33 8.33 7.33
Lending Rate (%) 19.04 19.04 17.04 17.04 16.04

Trade Actual Q4/26 Q1/27 Q2/27 Q3/27
Balance of Trade (NGN Million) 4297126.77 1500000 1550000 1900000 950000
Current Account (USD Million) 4981.08 3890 2800 2800 2800
Imports (NGN Million ) 4852803.77 5700000 4600000 5200000 5750000
Exports (NGN Million ) 9149930.54 7200000 6150000 7100000 6700000
Crude Oil Production (BBL/D/1K) 1530.00 1550 1580 1590 1610
Oil Exports (NGN Million) 4138590.19 2850000 2850000 2850000 2850000
Non Oil Exports (NGN Million) 5011340.35 700000 700000 700000 700000
Current Account to GDP (% of GDP) 5.10 5.7

Business Actual Q4/26 Q1/27 Q2/27 Q3/27
Services PMI (points) 53.20 51.5 51.1 52.6 53
Composite PMI (points) 56.40 53.6 53 52.6 54

Consumer Actual Q4/26 Q1/27 Q2/27 Q3/27
Consumer Confidence (points) -9.90 -5 3 6 4
Consumer Spending (NGN Million) 11532542.65 12051507 11982312 12028442 12005377
Disposable Personal Income (NGN Million) 21437390.24 22402073 22273448 22359198 22316323
Gasoline Prices (USD/Liter) 1.05 1.09 1.15 1.2 1.25

Government Actual Q4/26 Q1/27 Q2/27 Q3/27
Government Debt to GDP (% of GDP) 52.50 53.8
Government Budget (% of GDP) -3.87 -4