Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Stock Market (points) 252419.15 251842 240062 234239 228591
Currency 1328.74 1327 1315 1309 1304
Government Bond 10Y (%) 15.97 15.96 15.27 14.94 14.61

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Annual Growth Rate (%) 4.43 4.1 4.5 3.9 4.3
Unemployment Rate (%) 4.90 5.4 6 5.1 5.3
Inflation Rate (%) 15.39 15.5 15.7 15.3 14.5
Interest Rate (%) 23.00 23 23 21 21
Balance of Trade (NGN Million) 4297126.77 1000000 1500000 1550000 1900000
Current Account (USD Million) 4981.08 3600 3890 2800 2800
Consumer Confidence (points) -9.90 -7.5 -5 3 6
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 Q3/26 Q4/26 Q1/27 Q2/27
GDP Annual Growth Rate (%) 4.43 4.1 4.5 3.9 4.3
GDP Constant Prices (NGN Million) 53472832.84 59373277 66848112 53260497 55772165
Gross Fixed Capital Formation (NGN Million) 2914571.33 3034069 3045727 3028240 3039898
GDP from Manufacturing (NGN Million) 4127981.96 4522384 4948597 5096964 4305485
GDP from Transport (NGN Million ) 352105.53 408844 680507 545309 367246
GDP from Utilities (NGN Million) 812834.62 469328 628609 292302 847787
GDP from Public Administration (NGN Million ) 1424810.07 1520914 1750600 1119335 1486077
GDP from Construction (NGN Million) 1970454.18 2254796 2616937 2582641 2055184
GDP from Mining (NGN Million) 2301502.70 2116951 2115510 2204123 2400467
GDP from Services (NGN Million ) 30274279.89 31478109 37380521 30748728 31576074
GDP from Agriculture (NGN Million) 13985779.48 18531708 19157938 12335739 14587168
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 Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 4.90 5.4 6 5.1 5.3
Population (Million) 237.53 242
Minimum Wages (NGN/Month) 70000.00 70000

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 15.39 15.5 15.7 15.3 14.5
Consumer Price Index CPI (points) 146.30 147 152 156 164
Core Inflation Rate (%) 13.29 14 16 15.5 15
Core Consumer Prices (points) 143.59 146 154 158 165
Food Inflation (%) 19.57 20 18 20 17.5
Inflation Rate MoM (%) 0.71 1.3 0.8 2 1.1
CPI Housing Utilities (points) 146.20 147 152 158 168
GDP Deflator (points) 223.09 230 222 249 255

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 23.00 23 23 21 21
Interbank Rate (%) 21.36 21.36 21.36 19.36 19.36
Foreign Exchange Reserves (USD Million) 53310.00 54000 52600 50500 49000
Deposit Interest Rate (%) 10.34 10.34 10.34 8.34 8.34
Lending Rate (%) 17.86 17.86 17.86 15.86 15.86

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (NGN Million) 4297126.77 1000000 1500000 1550000 1900000
Current Account (USD Million) 4981.08 3600 3890 2800 2800
Imports (NGN Million ) 4852803.77 5500000 5700000 4600000 5200000
Exports (NGN Million ) 9149930.54 6500000 7200000 6150000 7100000
Crude Oil Production (BBL/D/1K) 1500.00 1500 1550 1580 1590
Oil Exports (NGN Million) 4138590.19 3100000 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 Q3/26 Q4/26 Q1/27 Q2/27
Services PMI (points) 53.30 50.5 51.5 51.1 52.6
Composite PMI (points) 54.30 52.9 53.6 53 52.6

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) -9.90 -7.5 -5 3 6
Consumer Spending (NGN Million) 11532542.65 12005377 12051507 11982312 12028442
Disposable Personal Income (NGN Million) 21437390.24 22316323 22402073 22273448 22359198
Gasoline Prices (USD/Liter) 1.05 1.04 1.12 1.17 1.22

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