Markets Actual Q1/25 Q2/25 Q3/25 Q4/25
Stock Market (points) 104630.30 103315 102145 100996 99856
Government Bond 10Y (%) 22.14 22.05 21.86 21.67 21.48

Overview Actual Q1/25 Q2/25 Q3/25 Q4/25
GDP Growth Rate (%) 10.00 -10 0.3 6 7.5
GDP Annual Growth Rate (%) 3.46 3.2 3.5 4 4.2
Unemployment Rate (%) 4.30 4.8 5.2 5 5.2
Inflation Rate (%) 34.80 32 28 24 20
Interest Rate (%) 27.50 27.75 27.75 28.25 28.25
Balance of Trade (NGN Million) 1662290.45 2200000 4000000 5940000 4650000
Current Account (USD Million) 6061.16 4000 5000 4500 4000
Current Account to GDP (% of GDP) -0.30 -0.1
Government Debt to GDP (% of GDP) 38.80 39
Government Budget (% of GDP) -6.10 -3.9

GDP Actual Q1/25 Q2/25 Q3/25 Q4/25
GDP Growth Rate (%) 10.00 -10 0.3 6 7.5
GDP Annual Growth Rate (%) 3.46 3.2 3.5 4 4.2
GDP Constant Prices (NGN Million) 20115766.93 18863116 18924995 20920398 20960629
Gross Fixed Capital Formation (NGN Million) 3499394.70 3611375 3621874 3639370 3646369
GDP from Transport (NGN Million ) 183403.69 223266 140539 190740 191107
GDP from Public Administration (NGN Million ) 407231.74 304852 404551 423521 424335
GDP from Construction (NGN Million) 672885.38 757187 599319 699801 701147
GDP from Mining (NGN Million) 1119836.14 1202569 1079307 1164630 1166869
GDP from Manufacturing (NGN Million) 1651873.40 1882512 1601689 1717948 1721252
GDP from Utilities (NGN Million) 118136.54 80486 220743 122862 123098
GDP from Services (NGN Million ) 10777518.06 10948025 11120763 11208619 11230174
GDP from Agriculture (NGN Million) 5763385.21 3975147 4279864 5993921 6005447
GDP (USD Billion) 362.81 378
GDP per Capita (USD) 2460.39 2564
GDP per Capita PPP (USD) 5694.98 5934
Full Year GDP Growth (%) 2.74 4.2

Labour Actual Q1/25 Q2/25 Q3/25 Q4/25
Unemployment Rate (%) 4.30 4.8 5.2 5 5.2
Youth Unemployment Rate (%) 6.50 6 6.2 6.5 7
Population (Million) 223.80 229
Minimum Wages (NGN/Month) 70000.00 70000

Prices Actual Q1/25 Q2/25 Q3/25 Q4/25
Inflation Rate (%) 34.80 32 28 24 20
Consumer Price Index CPI (points) 825.40 927 960 997 990
Core Inflation Rate (%) 28.75 27 23 20 17
Core Consumer Prices (points) 629.40 690 710 739 736
Food Inflation (%) 39.84 38 32 26 20
Inflation Rate MoM (%) 2.64 3 2.4 2.6 2.2
GDP Deflator (points) 353.61 425 427 438 424
CPI Housing Utilities (points) 645.30 738 764 786 774
CPI Transportation (points) 692.20 713 730 749 766

Money Actual Q1/25 Q2/25 Q3/25 Q4/25
Interest Rate (%) 27.50 27.75 27.75 28.25 28.25
Interbank Rate (%) 26.54 26.79 26.79 27.29 27.29
Foreign Exchange Reserves (USD Million) 39770.00 45000 42500 44000 46000
Deposit Interest Rate (%) 11.59 11.84 11.84 12.34 12.34
Lending Rate (%) 18.56 18.81 18.81 19.31 19.31

Trade Actual Q1/25 Q2/25 Q3/25 Q4/25
Balance of Trade (NGN Million) 1662290.45 2200000 4000000 5940000 4650000
Current Account (USD Million) 6061.16 4000 5000 4500 4000
Imports (NGN Million ) 4384900.26 4600000 3000000 460000 2050000
Exports (NGN Million ) 6047190.71 6800000 7000000 6400000 6700000
Terms of Trade (points) 101.65 103 103 103 103
Crude Oil Production (BBL/D/1K) 1485.00 1350 1360 1380 1400
Non Oil Exports (NGN Million) 1823452.77 580000 580000 580000 700000
Oil Exports (NGN Million) 5457219.23 2900000 2900000 2900000 3100000
Current Account to GDP (% of GDP) -0.30 -0.1

Business Actual Q1/25 Q2/25 Q3/25 Q4/25
Composite PMI (points) 52.00 50 51.2 52 51.7
Services PMI (points) 52.10 50.5 51 53 49.7

Consumer Actual Q1/25 Q2/25 Q3/25 Q4/25
Consumer Spending (NGN Million) 11142677.45 11499243 11532671 11588385 11610670
Disposable Personal Income (NGN Million) 22951535.84 23685985 23754840 23869597 23915500
Private Sector Credit (NGN Million) 75960127.77 73490032 75753666 78867611 79150453
Gasoline Prices (USD/Liter) 0.61 0.61 0.61 0.62 0.63

Government Actual Q1/25 Q2/25 Q3/25 Q4/25
Government Debt to GDP (% of GDP) 38.80 39
Government Budget (% of GDP) -6.10 -3.9