Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market (points) 201287.78 192796 188858 185021 185021
Currency 1383.06 1370 1363 1357 1357
Government Bond 10Y (%) 14.85 14.41 14.2 13.99 13.99

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Annual Growth Rate (%) 4.07 4.3 4.7 4.5 4.5
Unemployment Rate (%) 4.90 4.7 5.1 5 5
Inflation Rate (%) 15.06 15.6 15.2 14.9 14.5
Interest Rate (%) 26.50 26.5 26 25.5 25
Balance of Trade (NGN Million) 355503.23 2000000 1250000 1600000 1600000
Current Account (USD Million) 3416.40 5900 3600 3890 2800
Current Account to GDP (% of GDP) 9.20 3.9
Government Debt to GDP (% of GDP) 52.90 51.5
Government Budget (% of GDP) -3.87 -4.3

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Annual Growth Rate (%) 4.07 4.3 4.7 4.5 4.5
GDP Constant Prices (NGN Million) 63969484.82 53404366 59715486 66848112 66848112
Gross Fixed Capital Formation (NGN Million) 2914571.33 3039898 3051556 3045727 3045727
GDP from Manufacturing (NGN Million) 4735499.45 4170196 4548449 4948597 4948597
GDP from Utilities (NGN Million) 601539.27 891042 472033 628609 628609
GDP from Transport (NGN Million ) 651202.72 347430 411200 680507 680507
GDP from Public Administration (NGN Million ) 1675215.00 1457859 1529680 1750600 1750600
GDP from Mining (NGN Million) 2024411.44 2256653 2129152 2115510 2115510
GDP from Construction (NGN Million) 2504245.94 1925188 2267792 2616937 2616937
GDP from Services (NGN Million ) 35770833.73 30187056 31659539 37380521 37380521
GDP from Agriculture (NGN Million) 18332954.99 13974230 18638519 19157938 19157938
GDP (USD Billion) 187.76 196
GDP per Capita (USD) 2447.64 2558
GDP per Capita PPP (USD) 5665.45 5920
Full Year GDP Growth (%) 3.90 4.5

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 4.90 4.7 5.1 5 5
Population (Million) 232.68 239
Minimum Wages (NGN/Month) 70000.00 75000

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 15.06 15.6 15.2 14.9 14.5
Consumer Price Index CPI (points) 130.00 143 147 151 149
Core Inflation Rate (%) 15.88 16.5 18 15.8 15.8
Core Consumer Prices (points) 131.70 144 152 154 153
Food Inflation (%) 12.12 9 7.5 7.8 7.4
Inflation Rate MoM (%) 2.01 1.8 1.3 0.8 2
CPI Housing Utilities (points) 131.30 152 146 151 150
CPI Transportation (points) 132.20 135 136 137 140
GDP Deflator (points) 199.15 227 229 229 228

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 26.50 26.5 26 25.5 25
Interbank Rate (%) 24.63 24.63 24.13 23.63 23.13
Foreign Exchange Reserves (USD Million) 49510.00 51000 51000 60000 48500
Deposit Interest Rate (%) 12.01 12.01 11.51 11.01 10.51
Lending Rate (%) 19.54 19.54 19.04 18.54 18.04

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (NGN Million) 355503.23 2000000 1250000 1600000 1600000
Current Account (USD Million) 3416.40 5900 3600 3890 2800
Imports (NGN Million ) 5978855.61 5300000 4800000 5700000 5700000
Exports (NGN Million ) 6334358.84 7300000 6050000 7300000 7300000
Terms of Trade (points) 102.13 103 103 104 104
Crude Oil Production (BBL/D/1K) 1314.00 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) 9.20 3.9

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Composite PMI (points) 53.20 52.8 54 52.5 52.5
Services PMI (points) 55.30 49.7 49.7 49.7 49.7

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Spending (NGN Million) 11532542.65 12028442 12074572 12051507 12051507
Disposable Personal Income (NGN Million) 21437390.24 22359198 22444948 22402073 22402073
Gasoline Prices (USD/Liter) 0.90 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 51.5
Government Budget (% of GDP) -3.87 -4.3