Markets Actual Q3/25 Q4/25 Q1/26 Q2/26
Currency 1528.30 1537 1544 1552 1559
Stock Market (points) 138980.02 138438 137896 137354 136826
Government Bond 10Y (%) 16.63 16.57 16.51 16.46 16.4

Overview Actual Q3/25 Q4/25 Q1/26 Q2/26
GDP Growth Rate (%) 10.00 6 7.5 -11 -11
GDP Annual Growth Rate (%) 3.13 3.4 3 3.2 3.4
Unemployment Rate (%) 4.30 5 5.2 4.9 4.7
Inflation Rate (%) 21.88 21 19.5 18.5 17.8
Interest Rate (%) 27.50 26 25 24 24
Balance of Trade (NGN Million) 1993618.60 5940000 4650000 4650000 4650000
Current Account (USD Million) 3730.00 4500 4000 4000 4000
Current Account to GDP (% of GDP) -0.50 -0.1
Government Debt to GDP (% of GDP) 52.90 52.6
Government Budget (% of GDP) -6.10 -4.7

GDP Actual Q3/25 Q4/25 Q1/26 Q2/26
GDP Growth Rate (%) 10.00 6 7.5 -11 -11
GDP Annual Growth Rate (%) 3.13 3.4 3 3.2 3.4
GDP Constant Prices (NGN Million) 79289392.63 20799703 81668074 81826653 81985232
Gross Fixed Capital Formation (NGN Million) 2274443.31 2351774 2342677 2347225 2351774
GDP from Agriculture (NGN Million) 5785472.38 5959340 5959037 5970607 5982178
GDP from Services (NGN Million ) 12974640.87 11143954 13363880 13389829 13415779
GDP from Utilities (NGN Million) 152659.19 122153 157239 157544 157850
GDP from Transport (NGN Million ) 284851.99 189639 293398 293967 294537
GDP from Public Administration (NGN Million ) 466688.83 421078 480689 481623 482556
GDP from Construction (NGN Million) 778695.90 695763 802057 803614 805172
GDP from Mining (NGN Million) 1039317.90 1157911 1070497 1072576 1074655
GDP from Manufacturing (NGN Million) 1824923.04 1708037 1879671 1883321 1886970
GDP (USD Billion) 187.76 193
GDP per Capita (USD) 2447.64 2521
GDP per Capita PPP (USD) 5665.45 5835
Full Year GDP Growth (%) 3.40 3

Labour Actual Q3/25 Q4/25 Q1/26 Q2/26
Unemployment Rate (%) 4.30 5 5.2 4.9 4.7
Youth Unemployment Rate (%) 6.50 6.5 7 7 7
Population (Million) 232.68 229
Minimum Wages (NGN/Month) 70000.00 70000

Prices Actual Q3/25 Q4/25 Q1/26 Q2/26
Inflation Rate (%) 21.88 21 19.5 18.5 17.8
Consumer Price Index CPI (points) 125.90 131 120 139 145
Core Inflation Rate (%) 21.30 21 23 21 19.8
Core Consumer Prices (points) 125.00 130 123 143 148
Food Inflation (%) 22.74 22.5 20 18.5 17
Inflation Rate MoM (%) 1.99 2 2.2 2.8 3
CPI Housing Utilities (points) 130.10 130 120 147 155
CPI Transportation (points) 121.90 124 127 131 135
GDP Deflator (points) 346.63 428 414 411 408

Money Actual Q3/25 Q4/25 Q1/26 Q2/26
Interest Rate (%) 27.50 26 25 24 24
Interbank Rate (%) 26.56 25.06 24.06 23.06 23.06
Foreign Exchange Reserves (USD Million) 41268.00 42000 43000 41700 42300
Deposit Interest Rate (%) 10.86 9.36 8.36 7.36 7.36
Lending Rate (%) 18.54 17.04 16.04 15.04 15.04

Trade Actual Q3/25 Q4/25 Q1/26 Q2/26
Balance of Trade (NGN Million) 1993618.60 5940000 4650000 4650000 4650000
Current Account (USD Million) 3730.00 4500 4000 4000 4000
Imports (NGN Million ) 4798255.12 460000 2050000 2050000 2050000
Exports (NGN Million ) 6791873.72 6400000 6700000 6700000 6700000
Terms of Trade (points) 101.65 103 103 103 103
Crude Oil Production (BBL/D/1K) 1507.00 1380 1400 1400 1400
Non Oil Exports (NGN Million) 2334772.70 580000 700000 700000 700000
Oil Exports (NGN Million) 4457101.02 2900000 3100000 3100000 3100000
Current Account to GDP (% of GDP) -0.50 -0.1

Business Actual Q3/25 Q4/25 Q1/26 Q2/26
Composite PMI (points) 54.20 52 51.7 51.7 51.7
Services PMI (points) 52.80 53 49.7 49.7 49.7

Consumer Actual Q3/25 Q4/25 Q1/26 Q2/26
Consumer Spending (NGN Million) 4623857.36 4781069 4762573 4771821 4781069
Disposable Personal Income (NGN Million) 21437390.24 22166262 22080512 22123387 22166262
Gasoline Prices (USD/Liter) 0.60 0.6 0.61 0.61 0.62

Government Actual Q3/25 Q4/25 Q1/26 Q2/26
Government Debt to GDP (% of GDP) 52.90 52.6
Government Budget (% of GDP) -6.10 -4.7