Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Currency 1369.62 1364 1357 1351 1345
Stock Market (points) 229240.34 223950 218558 213400 208357
Government Bond 10Y (%) 18.55 18.13 17.7 17.29 16.89

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Annual Growth Rate (%) 3.89 6.3 7.5 4.6 7.2
Unemployment Rate (%) 4.90 5.1 5.3 4.9 5.1
Inflation Rate (%) 15.93 17 15.8 15 14.6
Interest Rate (%) 26.50 26.5 26.5 26 26
Balance of Trade (NGN Million) 4142168.61 1000000 1500000 1550000 65800000
Current Account (USD Million) 1397.20 3600 3890 2800 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 Q3/26 Q4/26 Q1/27 Q2/27
GDP Annual Growth Rate (%) 3.89 6.3 7.5 4.6 7.2
GDP Constant Prices (NGN Million) 51261306.14 60628043 68767196 53619326 54952120
Gross Fixed Capital Formation (NGN Million) 2914571.33 3098189 3133164 3048642 3124420
GDP from Agriculture (NGN Million) 11872703.68 18923349 19707927 12418848 12727538
GDP from Construction (NGN Million) 2485698.56 2302448 2692064 2600041 2664669
GDP from Manufacturing (NGN Million) 4905643.96 4617958 5090662 5131304 5258850
GDP from Mining (NGN Million) 2121388.36 2161690 2176242 2218972 2274128
GDP from Public Administration (NGN Million ) 1077319.93 1553057 1800856 1126877 1154887
GDP from Services (NGN Million ) 29594541.09 32143353 38453646 30955890 31725348
GDP from Transport (NGN Million ) 524840.64 417484 700043 548983 562629
GDP from Utilities (NGN Million) 281330.49 479247 646655 294272 301586
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 Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 4.90 5.1 5.3 4.9 5.1
Population (Million) 237.53 242
Minimum Wages (NGN/Month) 70000.00 75000

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 15.93 17 15.8 15 14.6
Consumer Price Index CPI (points) 140.70 149 152 156 161
Core Consumer Prices (points) 141.11 152 154 159 163
Core Inflation Rate (%) 16.82 18 15.8 15.8 15.8
Food Inflation (%) 16.96 17 14 12 13
CPI Housing Utilities (points) 143.50 148 152 157 164
CPI Transportation (points) 139.40 141 142 145 148
GDP Deflator (points) 216.12 233 222 249 248
Inflation Rate MoM (%) 1.75 1.3 0.8 2 2

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 26.50 26.5 26.5 26 26
Interbank Rate (%) 22.76 22.76 22.76 22.26 22.26
Foreign Exchange Reserves (USD Million) 51290.00 50000 52000 50500 49000
Deposit Interest Rate (%) 9.89 9.89 9.89 9.39 9.39
Lending Rate (%) 19.10 19.1 19.1 18.6 18.6

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (NGN Million) 4142168.61 1000000 1500000 1550000 65800000
Current Account (USD Million) 1397.20 3600 3890 2800 2800
Imports (NGN Million ) 4736895.02 5500000 5700000 4600000 5200000
Exports (NGN Million ) 8879063.63 6500000 7200000 6150000 71000000
Terms of Trade (points) 102.28 103 104 104 104
Crude Oil Production (BBL/D/1K) 1530.00 1850 1920 1880 1880
Non Oil Exports (NGN Million) 4041786.72 700000 700000 700000 700000
Oil Exports (NGN Million) 4837276.91 3100000 2850000 2850000 2850000
Current Account to GDP (% of GDP) 5.10 5.7

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Composite PMI (points) 53.40 54 52.5 52.5 52.5
Services PMI (points) 49.30 49.7 49.7 49.7 49.7

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Spending (NGN Million) 11532542.65 12259093 12397483 12063040 12362886
Disposable Personal Income (NGN Million) 21437390.24 22787946 23045195 22423510 22980882
Gasoline Prices (USD/Liter) 0.87 0.91 0.76 0.76 0.76

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