Last Previous Highest Lowest
Currency 1659 1677 1718 73.1 Nov/24
Stock Market 97747 97726 106088 4792 points Nov/24
GDP Growth Rate 0 -16.1 12.12 -16.1 percent Jun/24
GDP Annual Growth Rate 3.19 2.98 6.88 -6.1 percent Jun/24
Unemployment Rate 5.3 5.4 6 3.7 percent Mar/24
Inflation Rate 33.88 32.7 47.56 -2.49 percent Oct/24
Interest Rate 27.25 26.75 27.25 6 percent Sep/24
Cash Reserve Ratio 45 45 45 1 percent Sep/24
Balance of Trade 4128274 1716707 4128274 -975441 NGN Million Jun/24
Current Account 5140 3380 10384 -6119 USD Million Jun/24
Current Account to GDP -0.3 -0.3 32.8 -18.7 percent of GDP Dec/23
Government Debt to GDP 38.8 38 75 7.3 percent of GDP Dec/23
Government Budget -6.1 -5 0.8 -8.6 percent of GDP Dec/23
Corporate Tax Rate 30 30 30 30 percent Dec/24
Personal Income Tax Rate 24 24 24 24 percent Dec/24
Last Previous Highest Lowest
GDP Growth Rate 0 -16.1 12.12 -16.1 percent Jun/24
GDP Annual Growth Rate 3.19 2.98 6.88 -6.1 percent Jun/24
GDP 363 473 574 4.2 USD Billion Dec/23
GDP Constant Prices 18285019 18278213 21773263 12583478 NGN Million Jun/24
Gross Fixed Capital Formation 3499395 2574020 3499395 17237 NGN Million Dec/23
GDP per Capita 2460 2450 2680 1224 USD Dec/23
GDP per Capita PPP 5695 5670 6202 3308 USD Dec/23
Full Year GDP Growth 2.74 3.1 14.6 -1.92 percent Dec/23
GDP Growth Non Oil Sector 2.95 2.97 8.92 -6.05 percent Jun/24
GDP Growth Oil Sector 10.15 5.7 24.21 -26.04 percent Jun/24
GDP from Agriculture 4135134 3851887 5698271 2594760 NGN Million Jun/24
GDP from Construction 579052 733708 756411 369191 NGN Million Jun/24
GDP from Manufacturing 1547526 1824139 1824139 875408 NGN Million Jun/24
GDP from Mining 1042809 1165280 2406676 913548 NGN Million Jun/24
GDP from Public Administration 390871 295399 614331 278241 NGN Million Jun/24
GDP from Services 10744699 10608551 10744699 4564086 NGN Million Jun/24
GDP from Transport 135786 216343 338278 118655 NGN Million Jun/24
GDP from Utilities 213279 77990 213279 51342 NGN Million Jun/24
Last Previous Highest Lowest
Unemployment Rate 5.3 5.4 6 3.7 percent Mar/24
Population 224 218 224 45.14 Million Dec/23
Employment Rate 73.2 72.2 93.6 66.7 percent Mar/24
Minimum Wages 70000 65000 70000 18000 NGN/Month Jul/24
Youth Unemployment Rate 8.4 10.1 53.4 6.9 percent Mar/24
Last Previous Highest Lowest
Inflation Rate 33.88 32.7 47.56 -2.49 percent Oct/24
Consumer Price Index CPI 825 804 825 14.36 points Oct/24
Core Consumer Prices 629 616 629 69 points Oct/24
Core Inflation Rate 28.37 27.43 28.37 0.49 percent Oct/24
Food Inflation 39.16 37.77 40.87 -17.5 percent Oct/24
CPI Housing Utilities 645 634 645 7.8 points Oct/24
CPI Transportation 692 672 692 68.5 points Oct/24
GDP Deflator 333 322 333 0.6 points Jun/24
Inflation Rate MoM 2.52 2.22 8.93 -3.5 percent Sep/24
Last Previous Highest Lowest
Interest Rate 27.25 26.75 27.25 6 percent Sep/24
Cash Reserve Ratio 45 45 45 1 percent Sep/24
Interbank Rate 31.58 32.25 194 0 percent Nov/24
Money Supply M0 4311072 4144842 4311072 38580 NGN Million Sep/24
Money Supply M1 35557832 34949935 36798744 74221 NGN Million Sep/24
Money Supply M2 108945392 107182219 108945392 648507 NGN Million Sep/24
Foreign Exchange Reserves 39740 38353 62082 63.22 USD Million Oct/24
Deposit Interest Rate 12.08 14.4 27 2 percent Sep/24
Lending Rate 16.75 17.01 37.8 6 percent Sep/24
Money Supply M3 108954801 107192937 108954801 10478417 NGN Million Sep/24
Last Previous Highest Lowest
Balance of Trade 4128274 1716707 4128274 -975441 NGN Million Jun/24
Current Account 5140 3380 10384 -6119 USD Million Jun/24
Current Account to GDP -0.3 -0.3 32.8 -18.7 percent of GDP Dec/23
Exports 7280672 6592091 7280672 323 NGN Million Jun/24
Imports 3152398 4875384 5431553 168 NGN Million Jun/24
Terms of Trade 102 102 160 49.48 points Jun/24
Capital Flows 2809 -4756 20303 -15440 USD Million Jun/24
Foreign Direct Investment 560 300 3085 -1537 USD Million Jun/24
Gold Reserves 21.37 21.37 21.46 21.37 Tonnes Mar/24
Crude Oil Production 1333 1324 2475 675 BBL/D/1K Oct/24
External Debt 42160 42120 43159 3288 USD Million Jun/24
Non Oil Exports 1823453 1455101 1823453 29676 NGN Million Jun/24
Oil Exports 5457219 5136990 5483536 46192 NGN Million Jun/24
Remittances 5350 5140 6270 3373 USD Million Jun/24
Terrorism Index 7.58 8.07 9.12 3.86 Points Dec/23
Last Previous Highest Lowest
Government Debt to GDP 38.8 38 75 7.3 percent of GDP Dec/23
Government Budget -6.1 -5 0.8 -8.6 percent of GDP Dec/23
Government Revenues 2306 1462 2306 499 NGN Billion Jun/24
Corruption Index 25 24 28 6.9 Points Dec/23
Corruption Rank 145 150 154 52 Dec/23
Credit Rating 23 Nov/24
Fiscal Expenditure 6839 5352 6839 744 NGN Billion Jun/24
Government Budget Value -4533 -3889 38.36 -4533 NGN Billion Jun/24
Government Debt 91347 91464 114350 48361 USD Million Jun/24
Government Spending 1191728 1119293 2339713 609792 NGN Million Dec/23
Military Expenditure 3192 3109 4466 23.4 USD Million Dec/23
Last Previous Highest Lowest
Corporate Tax Rate 30 30 30 30 percent Dec/24
Personal Income Tax Rate 24 24 24 24 percent Dec/24
Sales Tax Rate 7.5 7.5 7.5 5 percent Dec/24
Withholding Tax Rate 10 10 10 10 percent Dec/24
Last Previous Highest Lowest
Industrial Production 4.13 3.34 27.6 -16.8 percent Jun/24
Manufacturing Production 1.27 1.51 24.6 -8.8 percent Jun/24
Capacity Utilization 60 56.7 60.5 40.1 percent Jun/24
Changes in Inventories 99227 98784 178909 32488 NGN Million Dec/23
Composite PMI 46.9 49.8 59.1 37.1 points Oct/24
Mining Production 7.66 6.14 34.3 -31.1 percent Jun/24
Services PMI 50.7 50.3 62.3 25.3 points Aug/24
Last Previous Highest Lowest
Consumer Spending 11142677 11301048 14747327 7205431 NGN Million Dec/23
Disposable Personal Income 22951536 20741116 22951536 117514 NGN Million Dec/23
Private Sector Credit 75845337 74731689 80863019 81688 NGN Million Sep/24
Gasoline Prices 0.63 0.54 0.81 0.02 USD/Liter Oct/24
Last Previous Highest Lowest
Crude Oil Rigs 11 14 23 3 Oct/24