Nigeria scored 48.33 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Nigeria averaged 13.81 Points from 2007 until 2019, reaching an all time high of 48.33 Points in 2019 and a record low of 3.37 Points in 2011. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Nigeria Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria is the 116 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Nigeria averaged 112.77 from 2007 until 2019, reaching an all time high of 127 in 2011 and a record low of 94 in 2009. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Nigeria Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Foreign Direct Investment in Nigeria increased by 909.54 USD Million in the second quarter of 2019. Foreign Direct Investment in Nigeria averaged 1233.61 USD Million from 2007 until 2019, reaching an all time high of 3084.90 USD Million in the fourth quarter of 2012 and a record low of 314.44 USD Million in the fourth quarter of 2018. This page provides - Nigeria Foreign Direct Investment - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gold Reserves in Nigeria remained unchanged at 21.46 Tonnes in the fourth quarter of 2019 from 21.46 Tonnes in the third quarter of 2019. Gold Reserves in Nigeria averaged 21.38 Tonnes from 2000 until 2019, reaching an all time high of 21.50 Tonnes in the second quarter of 2019 and a record low of 21.37 Tonnes in the second quarter of 2000. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Nigeria Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Nigeria increased to 23.10 percent in the third quarter of 2018 from 22.70 percent in the second quarter of 2018. Unemployment Rate in Nigeria averaged 12.31 percent from 2006 until 2018, reaching an all time high of 23.10 percent in the third quarter of 2018 and a record low of 5.10 percent in the fourth quarter of 2010. In Nigeria, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Nigeria Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of unemployed persons in Nigeria increased to 20927.60 Thousand in the third quarter of 2018 from 20343.60 Thousand in the second quarter of 2018. Unemployed Persons in Nigeria averaged 12150.19 Thousand from 2014 until 2018, reaching an all time high of 20927.60 Thousand in the third quarter of 2018 and a record low of 4672 Thousand in the fourth quarter of 2014. This page provides - Nigeria Unemployed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria is ranked 131 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Nigeria improved to 131 in 2019 from 146 in 2018. Ease of Doing Business in Nigeria averaged 143.92 from 2008 until 2019, reaching an all time high of 170 in 2014 and a record low of 120 in 2008. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Nigeria.

The Gross Domestic Product per capita in Nigeria was last recorded at 5315.82 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Nigeria, when adjusted by Purchasing Power Parity is equivalent to 30 percent of the world's average. GDP per capita PPP in Nigeria averaged 4128.78 USD from 1990 until 2018, reaching an all time high of 5687.59 USD in 2014 and a record low of 2991.83 USD in 1995. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Nigeria GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Capacity Utilization in Nigeria increased to 55 percent in the fourth quarter of 2018 from 54.60 percent in the third quarter of 2018. Capacity Utilization in Nigeria averaged 55.36 percent from 2009 until 2018, reaching an all time high of 60.50 percent in the first quarter of 2015 and a record low of 48.50 percent in the third quarter of 2016. This page provides - Nigeria Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Youth Unemployment Rate in Nigeria decreased to 36.50 percent in the third quarter of 2018 from 38 percent in the second quarter of 2018. Youth Unemployment Rate in Nigeria averaged 23.63 percent from 2014 until 2018, reaching an all time high of 38 percent in the second quarter of 2018 and a record low of 11.70 percent in the fourth quarter of 2014. This page provides - Nigeria Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Nigeria increased to 69542.90 Thousand in the third quarter of 2018 from 69165.60 Thousand in the second quarter of 2018. Employed Persons in Nigeria averaged 68993.94 Thousand from 2014 until 2018, reaching an all time high of 70665.90 Thousand in the first quarter of 2017 and a record low of 66951 Thousand in the fourth quarter of 2014. This page provides - Nigeria Employed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Nigeria decreased to 76.90 percent in the third quarter of 2018 from 77.30 percent in the second quarter of 2018. Employment Rate in Nigeria averaged 85.42 percent from 2014 until 2018, reaching an all time high of 93.60 percent in the fourth quarter of 2014 and a record low of 76.90 percent in the third quarter of 2018. This page provides - Nigeria Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terrorism Index in Nigeria decreased to 8.60 in 2018 from 8.66 in 2017. Terrorism Index in Nigeria averaged 6.75 from 2002 until 2018, reaching an all time high of 9.31 in 2015 and a record low of 3.86 in 2002. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

The Gross Domestic Product per capita in Nigeria was last recorded at 2396.30 US dollars in 2018. The GDP per Capita in Nigeria is equivalent to 19 percent of the world's average. GDP per capita in Nigeria averaged 1736.15 USD from 1960 until 2018, reaching an all time high of 2563.90 USD in 2014 and a record low of 1145.80 USD in 1968. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for - Nigeria GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2018. Government Budget in Nigeria averaged -2.31 percent of GDP from 1981 until 2018, reaching an all time high of 0.80 percent of GDP in 1996 and a record low of -6 percent of GDP in 1991. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Nigeria Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria recorded a Current Account surplus of 2.30 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Nigeria averaged 2.07 percent from 1980 until 2018, reaching an all time high of 32.80 percent in 2005 and a record low of -18.70 percent in 1986. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Nigeria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria scored 26 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Nigeria averaged 20.98 Points from 1996 until 2019, reaching an all time high of 28 Points in 2016 and a record low of 6.90 Points in 1996. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Nigeria Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria is the 146 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Nigeria averaged 122.50 from 1996 until 2019, reaching an all time high of 152 in 2005 and a record low of 52 in 1997. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Nigeria Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Nigeria stands at 7.50 percent. Sales Tax Rate in Nigeria averaged 5.17 percent from 2006 until 2020, reaching an all time high of 7.50 percent in 2020 and a record low of 5 percent in 2007. In Nigeria, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Nigeria. This page provides - Nigeria Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Nigeria stands at 30 percent. In Nigeria, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Nigeria. This page provides - Nigeria Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Nigeria remained unchanged at 30000 NGN/Month in 2020 from 30000 NGN/Month in 2019. Minimum Wages in Nigeria averaged 26000 NGN/Month from 2018 until 2020, reaching an all time high of 30000 NGN/Month in 2019 and a record low of 18000 NGN/Month in 2018. Minimum Wages in Nigeria refers to the national minimum wage for the federal workers. This page provides - Nigeria Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Nigeria decreased to 938.72 NGN Billion in the fourth quarter of 2019 from 1738.81 NGN Billion in the third quarter of 2019. Government Revenues in Nigeria averaged 872.76 NGN Billion from 2010 until 2019, reaching an all time high of 1738.81 NGN Billion in the third quarter of 2019 and a record low of 498.54 NGN Billion in the second quarter of 2015. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Nigeria Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria recorded a government budget deficit of 1135.74 NGN Billion in the fourth quarter of 2019. Government Budget Value in Nigeria averaged -496.80 NGN Billion from 2010 until 2019, reaching an all time high of 38.36 NGN Billion in the third quarter of 2010 and a record low of -1664.20 NGN Billion in the third quarter of 2017. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Nigeria Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Nigeria increased to 19750934.72 NGN Million in the fourth quarter of 2019 from 18697323.82 NGN Million in the third quarter of 2019. GDP Constant Prices in Nigeria averaged 4281187.63 NGN Million from 1981 until 2019, reaching an all time high of 19750934.72 NGN Million in the fourth quarter of 2019 and a record low of 56260.04 NGN Million in the third quarter of 1984. This page provides - Nigeria GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in Nigeria decreased to 202.67 points in the fourth quarter of 2019 from 204.43 points in the third quarter of 2019. GDP Deflator in Nigeria averaged 54.41 points from 1981 until 2019, reaching an all time high of 206.73 points in the second quarter of 2019 and a record low of 0.60 points in the first quarter of 1981. This page provides - Nigeria Gdp Deflator- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Agriculture in Nigeria decreased to 5093983.13 NGN Million in the fourth quarter of 2019 from 5408978.92 NGN Million in the third quarter of 2019. GDP From Agriculture in Nigeria averaged 3904516.85 NGN Million from 2010 until 2019, reaching an all time high of 5408978.92 NGN Million in the third quarter of 2019 and a record low of 2594759.86 NGN Million in the first quarter of 2010. This page provides the latest reported value for - Nigeria Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Construction in Nigeria increased to 671110.60 NGN Million in the fourth quarter of 2019 from 557147.53 NGN Million in the third quarter of 2019. GDP From Construction in Nigeria averaged 580599.91 NGN Million from 2010 until 2019, reaching an all time high of 752833.66 NGN Million in the second quarter of 2019 and a record low of 369190.91 NGN Million in the third quarter of 2010. This page provides the latest reported value for - Nigeria Gdp From Construction - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Manufacturing in Nigeria increased to 1707263.24 NGN Million in the fourth quarter of 2019 from 1616584.64 NGN Million in the third quarter of 2019. GDP From Manufacturing in Nigeria averaged 1428930.97 NGN Million from 2010 until 2019, reaching an all time high of 1718985.30 NGN Million in the third quarter of 2014 and a record low of 875408.17 NGN Million in the first quarter of 2010. This page provides the latest reported value for - Nigeria Gdp From Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Mining in Nigeria decreased to 1429667.98 NGN Million in the fourth quarter of 2019 from 1806746.96 NGN Million in the third quarter of 2019. GDP From Mining in Nigeria averaged 1744965.49 NGN Million from 2010 until 2019, reaching an all time high of 2406675.90 NGN Million in the first quarter of 2011 and a record low of 1228692.98 NGN Million in the fourth quarter of 2016. This page provides the latest reported value for - Nigeria Gdp From Mining - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Public Administration in Nigeria increased to 427802.26 NGN Millions in the fourth quarter of 2019 from 367755.38 NGN Millions in the third quarter of 2019. GDP From Public Administration in Nigeria averaged 440702.21 NGN Millions from 2010 until 2019, reaching an all time high of 614330.87 NGN Millions in the fourth quarter of 2011 and a record low of 307550.32 NGN Millions in the first quarter of 2019. This page provides the latest reported value for - Nigeria Gdp From Public Administration - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Services in Nigeria increased to 7472196.49 NGN Millions in the fourth quarter of 2019 from 6265003.41 NGN Millions in the third quarter of 2019. GDP From Services in Nigeria averaged 5848324.07 NGN Millions from 2010 until 2019, reaching an all time high of 7472196.49 NGN Millions in the fourth quarter of 2019 and a record low of 4564086.31 NGN Millions in the second quarter of 2010. This page provides the latest reported value for - Nigeria Gdp From Services - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Transport in Nigeria increased to 275118.66 NGN Millions in the fourth quarter of 2019 from 261809.92 NGN Millions in the third quarter of 2019. GDP From Transport in Nigeria averaged 203016.83 NGN Millions from 2010 until 2019, reaching an all time high of 288637 NGN Millions in the first quarter of 2019 and a record low of 144848.60 NGN Millions in the first quarter of 2010. This page provides the latest reported value for - Nigeria Gdp From Transport - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP From Utilities in Nigeria increased to 120431.63 NGN Million in the fourth quarter of 2019 from 94995.15 NGN Million in the third quarter of 2019. GDP From Utilities in Nigeria averaged 87758.99 NGN Million from 2010 until 2019, reaching an all time high of 127728.46 NGN Million in the fourth quarter of 2018 and a record low of 51342.43 NGN Million in the second quarter of 2010. This page provides the latest reported value for - Nigeria Gdp From Utilities - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Spending in Nigeria decreased to 10042167.83 NGN Million in the first quarter of 2019 from 12062230.16 NGN Million in the fourth quarter of 2018. Consumer Spending in Nigeria averaged 10107679.56 NGN Million from 2010 until 2019, reaching an all time high of 12470076.46 NGN Million in the fourth quarter of 2015 and a record low of 7205430.82 NGN Million in the fourth quarter of 2011. This page provides - Nigeria Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Disposable Personal Income in Nigeria decreased to 17580757.16 NGN Million in the first quarter of 2019 from 20011346.06 NGN Million in the fourth quarter of 2018. Disposable Personal Income in Nigeria averaged 12304714.07 NGN Million from 2007 until 2019, reaching an all time high of 20011346.06 NGN Million in the fourth quarter of 2018 and a record low of 117513.58 NGN Million in the first quarter of 2007. This page provides - Nigeria Disposable Personal Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Nigeria was worth 410 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Nigeria represents 0.34 percent of the world economy. GDP in Nigeria averaged 130.01 USD Billion from 1960 until 2019, reaching an all time high of 568.50 USD Billion in 2014 and a record low of 4.20 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Nigeria GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Nigeria was estimated at 200.0 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Nigeria had a population of 45.1 million people. The population of Nigeria represents 2.35 percent of the world´s total population which arguably means that one person in every 43 people on the planet is a resident of Nigeria. This page provides the latest reported value for - Nigeria Population - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports in Nigeria increased to 1759032.90 NGN Millions in December from 1468292.31 NGN Millions in November of 2019. Exports in Nigeria averaged 455508.94 NGN Millions from 1981 until 2019, reaching an all time high of 2648881.76 NGN Millions in December of 2011 and a record low of 322.93 NGN Millions in February of 1983. Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 91% of total exports. In 2014, 43% of total sales went to Europe; 29% to Asia; 13% to America and 12% to Africa. This page provides - Nigeria Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria recorded a trade surplus of 362684.95 NGN Millions in December of 2019. Balance of Trade in Nigeria averaged 204446.40 NGN Millions from 1981 until 2019, reaching an all time high of 2177553.08 NGN Millions in October of 2011 and a record low of -975441.14 NGN Millions in October of 2019. Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 91% of total exports. In 2014, Europe and Asia were the country's main trade partners. Europe accounted for 43% of total sales and 34% of total imports while Asia accounted for 29% of total shipments and 43% of total purchases. This page provides - Nigeria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Nigeria decreased to 1396347.95 NGN Millions in December from 1434594.11 NGN Millions in November of 2019. Imports in Nigeria averaged 251062.57 NGN Millions from 1981 until 2019, reaching an all time high of 2518686.57 NGN Millions in October of 2019 and a record low of 167.88 NGN Millions in May of 1984. Nigeria imports mainly: industrial supplies (27% of total in 2014), capital goods (23%), food and beverage (17%), fuel and lubricants (14%), transport equipment and parts (12%) and consumer goods (7%). 43% of total imports come from Asia; 34% from Europe; 15% from America and 7% from Africa. This page provides - Nigeria Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M0 in Nigeria decreased to 2186983.40 NGN Million in February from 2249769.69 NGN Million in January of 2020. Money Supply M0 in Nigeria averaged 1127212.92 NGN Million from 2000 until 2020, reaching an all time high of 2442985.64 NGN Million in December of 2019 and a record low of 193939.30 NGN Million in February of 2000. Nigeria Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money. This page provides - Nigeria Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Nigeria increased to 10427024.37 NGN Million in February from 10331403.70 NGN Million in January of 2020. Money Supply M1 in Nigeria averaged 5053634.17 NGN Million from 2000 until 2020, reaching an all time high of 11751139.21 NGN Million in December of 2018 and a record low of 396991.90 NGN Million in January of 2000. This page provides - Nigeria Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Nigeria increased to 29730798.19 NGN Million in February from 29130425.30 NGN Million in January of 2020. Money Supply M2 in Nigeria averaged 11423169.76 NGN Million from 2000 until 2020, reaching an all time high of 35167529.95 NGN Million in April of 2019 and a record low of 648506.60 NGN Million in January of 2000. Nigeria Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Nigeria Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Private Sector Credit in Nigeria increased to 26695426.73 NGN Million in February from 26562698.38 NGN Million in January of 2020. Private Sector Credit in Nigeria averaged 9945174.56 NGN Million from 2000 until 2020, reaching an all time high of 26695426.73 NGN Million in February of 2020 and a record low of 440872.30 NGN Million in January of 2000. This page provides - Nigeria Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Nigeria was last recorded at 13.50 percent. Interest Rate in Nigeria averaged 11.17 percent from 2007 until 2020, reaching an all time high of 14 percent in July of 2016 and a record low of 6 percent in July of 2009. In Nigeria, interest rate decisions are taken by The Central Bank of Nigeria. The official interest rate is the Monetary Policy Rate (MPR). This page provides - Nigeria Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Confidence in Nigeria decreased to -0.30 points in the first quarter of 2020 from 3.30 points in the fourth quarter of 2019. Consumer Confidence in Nigeria averaged -7.62 points from 2008 until 2020, reaching an all time high of 9.70 points in the fourth quarter of 2018 and a record low of -29.80 points in the fourth quarter of 2016. In Nigeria, the Consumer Expectations Survey is based on a sample of 1800 households. It provides consumers’ tendencies and expectations for general economic conditions, job opportunities, personal financial standing and market developments. The overall consumer confidence index is computed as an average of three measures: the outlook on macroeconomic conditions, family financial situation and family income. The CES is computed as the percentage share of respondents that answered positively less the percentage share of respondents that answered negatively with regard to the given indicator. This page provides - Nigeria Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Nigeria decreased to 6.60 points in March from 26.60 points in February of 2020. Business Confidence in Nigeria averaged 15.67 points from 2008 until 2020, reaching an all time high of 41.10 points in June of 2011 and a record low of -29 points in December of 2016. In Nigeria, the Business Expectations Survey is based on a sample of 1850 companies and provides advance indication of change in the overall business activity. It is a quarterly survey of nationwide leading firms from the main sectors of the economy: Services, Industrial, Wholesale/Retail Trade and Construction. The overall index is computed as the percentage share of firms that have an “improving outlook” less percentage share of firms that have a “deteriorating outlook”. This page provides - Nigeria Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lending Rate in Nigeria increased to 15.04 percent in February from 14.97 percent in January of 2020. Lending Rate in Nigeria averaged 14.14 percent from 1961 until 2020, reaching an all time high of 37.80 percent in September of 1993 and a record low of 6 percent in April of 1975. This page provides - Nigeria Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Nigeria increased to 6.17 percent in February from 5.85 percent in January of 2020. Deposit Interest Rate in Nigeria averaged 9.61 percent from 1970 until 2020, reaching an all time high of 27 percent in September of 1993 and a record low of 2 percent in April of 1976. The Deposit Interest Rate is Nigeria refers to Weighted Average 3 Month Deposit Rates in Commercial Banks. This page includes a chart with historical data for Deposit Interest Rate in Nigeria.

The Consumer Price Index in Nigeria increased 0.79 percent in February of 2020 over the previous month. Inflation Rate Mom in Nigeria averaged 1.04 percent from 1995 until 2020, reaching an all time high of 8.93 percent in April of 1995 and a record low of -3.50 percent in August of 1999. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Nigeria Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.