Nigeria Bank Lending Rate

2006 - 2020 | Monthly | % pa | CEIC Data

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Nigeria’s Bank Lending Rate was reported at 11.760 % pa in Aug 2020. This records a decrease from the previous number of 12.100 % pa for Jul 2020. Nigeria’s Bank Lending Rate data is updated monthly, averaging 16.735 % pa from Jan 2006 to Aug 2020, with 176 observations. The data reached an all-time high of 19.660 % pa in Nov 2009 and a record low of 11.760 % pa in Aug 2020. Nigeria’s Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data. The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly: Middle East and Africa. The Central Bank of Nigeria provides monthly weighted average Bank Lending Rate.

What was Nigeria's Bank Lending Rate in Aug 2020?

Last Previous Min Max Unit Frequency Range

11.760

% pa Aug 2020 monthly Jan 2006 - Aug 2020

12.100

% pa Jul 2020 monthly Jan 2006 - Aug 2020

11.760

Aug 2020

19.660

Nov 2009

% pa

monthly

Jan 2006 - Aug 2020

Updated on 21 Sep 2020

Bank Lending Rate by Country Comparison

Buy this table Includes Bank Lending Rate for ALL Countries/Regions: countries Instant access to full history data in excel
All Countries/Regions
Asia and Oceania
Europe and Central Asia
Middle East and Africa
North and South America
Country/Region Last Frequency Range
Albania (% pa)

5.630

Aug 2020

monthly

Dec 1986 - Aug 2020

Algeria (% pa)

8.000

Sep 2020

monthly

Jan 1995 - Sep 2020

Armenia (% pa)

11.740

Sep 2020

monthly

Apr 1995 - Sep 2020

Austria (% pa)

1.540

Aug 2020

monthly

Dec 1995 - Aug 2020

Azerbaijan (% pa)

13.659

Aug 2020

monthly

Dec 2002 - Aug 2020

Bahrain (% pa)

5.010

Mar 2016

monthly

Apr 1985 - Mar 2016

Bangladesh (% pa)

7.820

Aug 2020

monthly

Jan 1976 - Aug 2020

Belarus (% pa)

10.480

Aug 2020

monthly

Jan 2004 - Aug 2020

Belgium (% pa)

1.570

Aug 2020

monthly

Jan 2003 - Aug 2020

Bolivia (% pa)

7.893

Sep 2020

monthly

Jan 2001 - Sep 2020

Bosnia and Herzegovina (% pa)

3.662

Aug 2020

monthly

Jan 2012 - Aug 2020

Botswana (% pa)

5.750

Jul 2020

monthly

Jan 2003 - Jul 2020

Brunei (% pa)

5.500

29 Oct 2020

daily

01 Dec 2003 - 29 Oct 2020

Bulgaria (% pa)

4.396

Aug 2020

monthly

Jan 1992 - Aug 2020

Canada (% pa)

2.450

Oct 2020

monthly

Jan 1935 - Oct 2020

China (% pa)

4.350

29 Oct 2020

daily

01 Sep 1988 - 29 Oct 2020

Colombia (% pa)

9.190

Sep 2020

monthly

Jan 1986 - Sep 2020

Cyprus (% pa)

3.201

Aug 2020

monthly

Nov 2007 - Aug 2020

Czech Republic (% pa)

1.504

Aug 2020

monthly

Jan 2004 - Aug 2020

Denmark (% pa)

1.211

Sep 2020

monthly

Jan 2003 - Sep 2020

Ecuador (% pa)

8.960

Oct 2020

monthly

Jan 2004 - Oct 2020

Egypt (% pa)

10.100

Sep 2020

monthly

Jan 1976 - Sep 2020

Estonia (% pa)

2.810

Sep 2020

monthly

Jan 1999 - Sep 2020

France (% pa)

1.160

Aug 2020

monthly

Jan 2003 - Aug 2020

Georgia (% pa)

12.500

Sep 2020

monthly

Jun 2002 - Sep 2020

Germany (% pa)

1.780

Aug 2020

monthly

Jan 2003 - Aug 2020

Greece (% pa)

4.110

Aug 2020

monthly

Sep 2002 - Aug 2020

Hong Kong SAR, China (% pa)

5.000

29 Oct 2020

daily

01 Jan 1981 - 29 Oct 2020

Hungary (% pa)

1.850

Sep 2020

monthly

Sep 1988 - Sep 2020

Iceland (% pa)

4.923

Sep 2020

monthly

Nov 1982 - Sep 2020

Indonesia (% pa)

9.370

Sep 2020

monthly

Jun 1993 - Sep 2020

Israel (% pa)

3.293

May 2020

monthly

Apr 2013 - May 2020

Italy (% pa)

1.147

Aug 2020

monthly

Jan 1995 - Aug 2020

Japan (% pa)

1.475

Sep 2020

monthly

Jan 1971 - Sep 2020

Jordan (% pa)

7.230

Sep 2020

monthly

Jan 1999 - Sep 2020

Kazakhstan (% pa)

13.400

Aug 2020

monthly

Jan 2002 - Aug 2020

Kenya (% pa)

11.940

Jul 2020

monthly

Jul 1991 - Jul 2020

South Korea (% pa)

2.660

Sep 2020

monthly

Jan 1996 - Sep 2020

Kosovo (% pa)

6.347

Jul 2019

monthly

Jun 2004 - Jul 2019

Kuwait (% pa)

3.937

Aug 2020

monthly

Apr 1979 - Aug 2020

Kyrgyzstan (% pa)

16.212

Jul 2020

monthly

Jan 1996 - Jul 2020

Latvia (% pa)

4.210

Aug 2020

monthly

Jan 2004 - Aug 2020

Lebanon (% pa)

7.140

Aug 2020

monthly

Mar 1972 - Aug 2020

Lithuania (% pa)

3.160

Sep 2020

monthly

Jan 2015 - Sep 2020

Luxembourg (% pa)

1.570

Aug 2020

monthly

Jan 2003 - Aug 2020

Macau SAR, China (% pa)

5.260

Aug 2020

monthly

Sep 2008 - Aug 2020

North Macedonia (% pa)

5.128

Aug 2020

monthly

Jan 2005 - Aug 2020

Malawi (% pa)

13.400

Jul 2020

monthly

Jan 1980 - Jul 2020

Malaysia (% pa)

3.643

Aug 2020

monthly

Jan 1996 - Aug 2020

Malta (% pa)

3.370

Aug 2020

monthly

Jan 1999 - Aug 2020

Mauritius (% pa)

4.710

Aug 2020

monthly

Dec 1997 - Aug 2020

Mexico (% pa)

5.930

Aug 2020

monthly

Sep 1993 - Aug 2020

Moldova (% pa)

7.881

Sep 2020

monthly

Jan 2000 - Sep 2020

Mongolia (% pa)

16.484

Sep 2020

monthly

Feb 1998 - Sep 2020

Montenegro (% pa)

5.870

Aug 2020

monthly

Sep 2005 - Aug 2020

Mozambique (% pa)

15.900

Oct 2020

monthly

Aug 1997 - Oct 2020

Myanmar (% pa)

14.500

Sep 2020

monthly

Jan 1994 - Sep 2020

Nepal (% pa)

10.470

Sep 2020

monthly

Nov 2013 - Sep 2020

Nigeria (% pa)

11.760

Aug 2020

monthly

Jan 2006 - Aug 2020

Oman (% pa)

5.482

Aug 2020

monthly

Dec 1984 - Aug 2020

Palestinian Territory (% pa)

5.865

Mar 2019

monthly

Mar 2004 - Mar 2019

Panama (% pa)

4.750

Jun 2018

monthly

Dec 1999 - Jun 2018

Paraguay (% pa)

10.480

Aug 2020

monthly

Aug 2007 - Aug 2020

Peru (% pa)

12.442

Sep 2020

monthly

Aug 1985 - Sep 2020

Philippines (% pa)

6.542

Dec 2019

monthly

Jan 1976 - Dec 2019

Poland (% pa)

2.140

Aug 2020

monthly

Jan 2005 - Aug 2020

Qatar (% pa)

3.864

Aug 2020

monthly

Jul 2004 - Aug 2020

Romania (% pa)

4.820

Aug 2020

monthly

Dec 2005 - Aug 2020

Russia (% pa)

6.020

Aug 2020

monthly

Jan 1995 - Aug 2020

Serbia (% pa)

4.250

Aug 2020

monthly

Sep 2010 - Aug 2020

Singapore (% pa)

5.250

Sep 2020

monthly

Jan 1980 - Sep 2020

Slovakia (% pa)

2.052

Aug 2020

monthly

Jan 2009 - Aug 2020

South Africa (% pa)

7.000

29 Oct 2020

daily

31 Dec 1948 - 29 Oct 2020

Sri Lanka (% pa)

6.450

Sep 2020

monthly

Jun 1989 - Sep 2020

Sweden (% pa)

0.100

29 Oct 2020

daily

01 Jun 1994 - 29 Oct 2020

Taiwan (% pa)

2.441

Sep 2020

monthly

Jul 1961 - Sep 2020

Tajikistan (% pa)

18.900

Sep 2020

monthly

Jan 2002 - Sep 2020

Thailand (% pa)

5.415

Sep 2020

monthly

Jan 1983 - Sep 2020

Ukraine (% pa)

13.030

Aug 2020

monthly

Dec 2005 - Aug 2020

United States (% pa)

3.250

27 Oct 2020

daily

01 Jan 1980 - 27 Oct 2020

Uruguay (% pa)

16.434

Aug 2020

monthly

Jan 1998 - Aug 2020

Uzbekistan (% pa)

20.627

Aug 2020

monthly

Jan 2013 - Aug 2020

Venezuela (% pa)

34.954

14 Oct 2020

daily

02 Jan 2004 - 14 Oct 2020

Zambia (% pa)

25.210

Aug 2020

monthly

Jan 2006 - Aug 2020

Nigeria Key Series

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All Indicators
National Accounts
Production
Government and Public Finance
Demographic and Labour Market
Domestic Trade and Household Survey
Inflation
Foreign Trade
Balance of Payments
Monetary
Banking Statistics
Interest and Foreign Exchange Rates
Energy
Tourism
Business and Economic Survey
Financial Market
Transport and Telecommunications
National Accounts Last Frequency Range
Nominal GDP (USD mn)

94,377.8

Jun 2020

quarterly

Mar 2010 - Jun 2020

Real GDP Growth (%)

-6.1

Jun 2020

quarterly

Mar 2011 - Jun 2020

Nominal GDP Growth (%)

-2.796

Jun 2020

quarterly

Mar 2011 - Jun 2020

GDP per Capita (USD)

2,341.862

2019

yearly

1981 - 2019

GDP Deflator Growth (%)

3.5

Jun 2020

quarterly

Mar 2011 - Jun 2020

Private Consumption Expenditure (USD mn)

100,060.552

Dec 2019

quarterly

Mar 2010 - Dec 2019

Private Consumption: % of GDP (%)

73.5

2019

yearly

1981 - 2019

Public Consumption Expenditure (USD mn)

7,013.533

Dec 2019

quarterly

Mar 2010 - Dec 2019

Public Consumption: % of GDP (%)

5.9

2019

yearly

1981 - 2019

Investment: % of GDP (%)

26.2

2019

yearly

1981 - 2019

Gross Fixed Capital Formation (USD mn)

33,781.413

Dec 2019

quarterly

Mar 2010 - Dec 2019

Gross National Product (USD mn)

433,449.465

2019

yearly

1960 - 2019

Gross Savings Rate (%)

20.6

2019

yearly

1981 - 2019

Forecast: GDP PPP Per Capita (PPP Intl $)

5,532.097

2025

yearly

1990 - 2025

Forecast: Nominal GDP Per Capita (USD)

3,296.763

2025

yearly

1990 - 2025

Forecast: Real GDP Growth (%)

2.513

2025

yearly

1991 - 2025

Total Trade of Goods & Services: % of Nominal GDP (%)

34.095

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Final Consumption Expenditure (FCE): General Government (GG) (NGN mn)

2,149,323.176

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: FCE: Private: Households (NGN mn)

30,498,516.032

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Changes in Inventories (NGN mn)

285,593.525

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Gross Fixed Capital Formation (NGN mn)

10,352,439.460

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Exports of Goods & Services (NGN mn)

5,113,321.501

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: Imports of Goods & Services (NGN mn)

8,534,880.435

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Final Consumption Expenditure (FCE): General Governme... (NGN mn)

1,082,949.341

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: FCE: Households (NGN mn)

12,030,651.452

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Gross Fixed Capital Formation (NGN mn)

3,060,921.998

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Exports of Goods & Services (NGN mn)

6,132,329.510

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Market Prices: 2010p: Imports of Goods & Services (NGN mn)

2,780,544.204

Dec 2019

quarterly

Mar 2010 - Dec 2019

GDP: Basic Prices: Services: Public Administration (NGN mn)

752,976.114

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Manufacturing (Mfg) (NGN mn)

4,010,345.536

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry (NGN mn)

9,402,778.544

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Mining & Quarrying (MQ) (NGN mn)

2,641,655.661

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices (NGN mn)

34,023,197.604

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Information & Communication (IC) (NGN mn)

4,783,340.008

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Wholesale and Retail Trade (NGN mn)

4,563,929.920

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Transportation & Storage (TS) (NGN mn)

384,469.191

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Utilities: Water Supply, Sewage & Waste Mng (NGN mn)

114,005.851

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Utilities: Electricity, Gas, Steam & Air Conditioni... (NGN mn)

313,589.488

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Industry: Construction (NGN mn)

2,323,182.009

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Accommodation & Food Services (NGN mn)

162,508.349

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Finance & Insurance (FI) (NGN mn)

1,279,701.186

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Real Estate (NGN mn)

1,840,109.042

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Professional, Scientific & Technical Services (NGN mn)

1,024,069.118

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Administrative & Support Services, Business Service... (NGN mn)

6,657.564

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Education (NGN mn)

464,986.902

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Human Health & Social Services (NGN mn)

238,340.377

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Arts, Entertainment & Recreation (NGN mn)

61,392.559

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Agriculture (NGN mn)

8,139,521.732

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: Services: Other Services (NGN mn)

918,416.998

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry (NGN mn)

3,476,086.413

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Education (NGN mn)

227,752.157

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Construction (NGN mn)

513,692.433

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Utilities: Electricity, Gas, Steam & Air Con... (NGN mn)

75,322.516

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: MQ: Crude Petroleum & Natural Gas (NGN mn)

1,419,038.390

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Mining & Quarrying (MQ) (NGN mn)

1,442,805.970

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Administrative & Support Services, Business ... (NGN mn)

3,311.307

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Finance & Insurance (FI) (NGN mn)

636,491.496

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Wholesale and Retail Trade (NGN mn)

2,269,985.069

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Accommodation & Food Services (NGN mn)

64,886.952

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Professional, Scientific & Technical Service... (NGN mn)

509,346.473

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Manufacturing (Mfg) (NGN mn)

1,402,571.391

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Transportation & Storage (TS) (NGN mn)

118,654.957

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Public Administration (NGN mn)

374,511.565

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: Utilities: Water Supply, Sewage & Waste Mng (NGN mn)

41,694.103

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Information & Communication (IC) (NGN mn)

2,834,907.097

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Real Estate (NGN mn)

848,905.930

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p (NGN mn)

15,897,931.939

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Industry: MQ: Solid Minerals: Quarrying & Other Minera... (NGN mn)

19,746.310

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Human Health & Social Services (NGN mn)

122,402.838

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Arts, Entertainment & Recreation (NGN mn)

35,223.547

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Services: Other Services (NGN mn)

456,797.740

Jun 2020

quarterly

Mar 2010 - Jun 2020

GDP: Basic Prices: 2010p: Agriculture (NGN mn)

3,918,668.399

Jun 2020

quarterly

Mar 2010 - Jun 2020

Production Last Frequency Range
Industrial Production Index Growth (%)

-10.1

Mar 2020

quarterly

Mar 2011 - Mar 2020

Minerals Production (Metric Ton)

136,888,431.000

2018

yearly

2009 - 2018

Gold Production (kg)

20.000

2017

yearly

1993 - 2017

Motor Vehicle Production (Unit)

2,040.000

2008

yearly

1999 - 2008

Industrial Production Index (2010=100)

97.600

Mar 2020

quarterly

Mar 2010 - Mar 2020

Industrial Production Index: Manufacturing (2010=100)

181.500

Mar 2020

quarterly

Mar 2010 - Mar 2020

Industrial Production Index: Mining (2010=100)

56.400

Mar 2020

quarterly

Mar 2010 - Mar 2020

Capacity Utilization Rate: Manufacturing (%)

55.000

Dec 2018

quarterly

Dec 2008 - Dec 2018

Electricity Generation: Average per Hour (MWh)

3,630.500

Dec 2019

quarterly

Mar 2005 - Dec 2019

Electricity Consumption: Average per Hour (MWh)

3,123.500

Mar 2020

quarterly

Mar 2005 - Mar 2020

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%)

-3.2

Mar 2020

quarterly

Dec 2010 - Mar 2020

Consolidated Fiscal Balance (USD mn)

-4,673.639

Mar 2020

quarterly

Mar 2005 - Mar 2020

National Government Debt (USD mn)

74,350.1

Jun 2020

quarterly

Dec 2006 - Jun 2020

Government Debt: % of GDP (%)

18.2

Jun 2020

quarterly

Dec 2010 - Jun 2020

Forecast: Government Expenditure (NGN bn)

34,920.128

2025

yearly

1990 - 2025

Forecast: Government Net Debt (NGN bn)

109,473.696

2025

yearly

1990 - 2025

Forecast: Government Revenue (NGN bn)

21,509.034

2025

yearly

1990 - 2025

Gross Federation Account Revenue (NGN bn)

2,527.270

Mar 2020

quarterly

Mar 2005 - Mar 2020

Federal Govt Balance (NGN bn)

-1,462.910

Mar 2020

quarterly

Mar 2005 - Mar 2020

Gross Federation Account Revenue: Oil (NGN bn)

1,563.650

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Revenue (NGN bn)

864.880

Mar 2020

quarterly

Mar 2005 - Mar 2020

Federal Govt Expenditure (NGN bn)

2,074.460

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Expenditure: Recurrent (NGN bn)

1,513.940

Dec 2019

quarterly

Mar 2005 - Dec 2019

Federal Govt Expenditure: Capital (NGN bn)

472.540

Mar 2020

quarterly

Mar 2005 - Mar 2020

Government Debt: Domestic (NGN bn)

15,455.699

Jun 2020

quarterly

Dec 2005 - Jun 2020

Demographic and Labour Market Last Frequency Range
Population (Person mn)

206.1

2020

yearly

1950 - 2020

Labour Force Participation Rate (%)

52.7

2020

yearly

1990 - 2020

Employed Persons (Person)

58,527,276.300

Jun 2020

quarterly

Mar 2012 - Jun 2020

Unemployment Rate (%)

27.11

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Productivity Growth (%)

1.14

Sep 2018

quarterly

Mar 2013 - Sep 2018

Forecast: Population (Person mn)

233.343

2025

yearly

1980 - 2025

Forecast: Employment (Person mn)

0.000

yearly

-

Forecast: Unemployment Rate (%)

22.562

2018

yearly

2010 - 2018

Population: Male (Person mn)

101.447

2017

yearly

2006 - 2017

Population: Female (Person mn)

98.234

2017

yearly

2006 - 2017

Labour Force: Economically Active (Person)

80,291,894.000

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Economically Active: Employment: Male (Person)

21,144,497.000

Jun 2020

quarterly

Mar 2014 - Jun 2020

Labour Force: Economically Active: Employment Female (Person)

14,440,777.000

Jun 2020

quarterly

Mar 2014 - Jun 2020

Labour Force: Unemployment: Male (Person)

9,561,739.700

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Economically Active: Employment (Person)

58,527,276.300

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Unemployment: Female (Person)

12,202,877.500

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Economically Active: Unemployment (Person)

21,764,617.200

Jun 2020

quarterly

Mar 2012 - Jun 2020

Labour Force: Economically Active: Male (Person)

41,664,913.000

Jun 2020

quarterly

Mar 2014 - Jun 2020

Labour Force: Economically Active: Female (Person)

38,626,981.000

Jun 2020

quarterly

Mar 2014 - Jun 2020

NG: Employment Index (2010=100)

112.760

2017

yearly

2010 - 2017

Domestic Trade and Household Survey Last Frequency Range
Motor Vehicles Sales (Unit)

9,800

2019

yearly

2005 - 2019

Motor Vehicles Sales Growth (%)

-42.4

2019

yearly

2006 - 2019

Motor Vehicle Sales: Commercial Cars (Unit)

4,700.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Motor Vehicle Sales: Passenger Cars (Unit)

5,100.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Consumer Confidence: Net Balance (% Point)

23.7

Jun 2020

quarterly

Jun 2009 - Jun 2020

Consumer Confidence Growth (% Point)

-6.8

Jun 2020

quarterly

Jun 2010 - Jun 2020

Inflation Last Frequency Range
Consumer Price Index CPI Growth (%)

13.7

Sep 2020

monthly

Jan 1961 - Sep 2020

Core CPI Change (%)

11.163

Sep 2020

monthly

Jan 1996 - Sep 2020

CPI: Food and Non Alcoholic Beverage Change (%)

16.575

Sep 2020

monthly

Jan 1996 - Sep 2020

Forecast: Consumer Price Index Growth (%)

10.642

2025

yearly

1996 - 2025

Consumer Price Index (Nov2009=100)

339.517

Sep 2020

monthly

Jan 1995 - Sep 2020

Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100)

380.295

Sep 2020

monthly

Jan 1995 - Sep 2020

Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100)

257.323

Sep 2020

monthly

Jan 1995 - Sep 2020

Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%)

3.768

2025

yearly

1991 - 2025

Trade Balance (USD mn)

-2,239.0

Jun 2020

monthly

Jan 2003 - Jun 2020

Total Exports (USD mn)

3,136.4

Jul 2020

monthly

Jan 1981 - Jul 2020

Total Exports Growth (%)

-43.0

Jul 2020

monthly

Jan 1982 - Jul 2020

Aluminum: Exports (USD th)

107,795.596

2019

yearly

1995 - 2019

Exports: Medicament (USD th)

1,226.579

2019

yearly

1995 - 2019

Exports: Medicinal and Pharmaceutical Product (USD th)

302.933

2019

yearly

1995 - 2019

Total Imports (USD mn)

3,281.9

Jul 2020

monthly

Jan 1981 - Jul 2020

Total Imports Growth (%)

-15.8

Jul 2020

monthly

Jan 1982 - Jul 2020

Imports: Medicament (USD th)

1,128,625.385

2019

yearly

1995 - 2019

Imports: Medicinal and Pharmaceutical Product (USD th)

348,770.759

2019

yearly

1995 - 2019

Total Exports to USA (USD mn)

39.181

Jun 2020

monthly

Jan 2003 - Jun 2020

Total Imports from USA (USD mn)

440.409

Jun 2020

monthly

Dec 2009 - Jun 2020

Total Exports to China (USD mn)

344.800

Jun 2020

monthly

Jan 2007 - Jun 2020

Total Imports from China (USD mn)

1,452.891

Jun 2020

monthly

Jan 2007 - Jun 2020

Exports: Crude Oil (NGN mn)

662,778.227

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports (NGN mn)

965,633.840

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Europe: ow UK (NGN mn)

16,804.572

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Europe: ow Netherlands (NGN mn)

79,219.039

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: America: ow USA (NGN mn)

21,497.458

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow Germany (NGN mn)

47,363.917

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow UK (NGN mn)

32,892.642

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Europe: ow Netherlands (NGN mn)

24,669.374

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Asia: ow China (NGN mn)

388,762.256

Mar 2020

monthly

Jan 2007 - Mar 2020

Imports: America: ow USA (NGN mn)

129,241.013

Mar 2020

monthly

Jan 2003 - Mar 2020

Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn)

31,542.858

2019

yearly

2003 - 2019

Exports: Vegetable Products (NGN mn)

155,226.703

2019

yearly

2003 - 2019

Exports: Mineral Products (NGN mn)

18,012,406.653

2018

yearly

2003 - 2018

Imports (NGN mn)

1,127,880.093

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Food and Live Animals (NGN mn)

152,121.791

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn)

19,264.671

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Chemicals and Chemical Products (NGN mn)

145,305.290

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Manufactured Goods (NGN mn)

90,534.292

Mar 2020

monthly

Jan 2003 - Mar 2020

Imports: Machinery and Transport Equipment (NGN mn)

599,380.267

Mar 2020

monthly

Jan 2003 - Mar 2020

Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn)

370.7

Jun 2020

quarterly

Mar 2008 - Jun 2020

Current Account Balance (USD mn)

-3,232.3

Jun 2020

quarterly

Mar 2008 - Jun 2020

Current Account Balance: % of GDP (%)

-3.4

Jun 2020

quarterly

Mar 2008 - Jun 2020

Foreign Direct Investment (USD mn)

895.4

Jun 2020

quarterly

Mar 2008 - Jun 2020

Foreign Direct Investment: % of GDP (%)

0.9

Jun 2020

quarterly

Mar 2010 - Jun 2020

Foreign Portfolio Investment: Equity Securities (USD mn)

127.0

Jun 2020

quarterly

Mar 2008 - Jun 2020

Foreign Portfolio Investment: % of GDP (%)

-0.1

Jun 2020

quarterly

Mar 2010 - Jun 2020

Foreign Portfolio Investment (USD mn)

-56.030

Jun 2020

quarterly

Mar 2008 - Jun 2020

Foreign Portfolio Investment: Debt Securities (USD mn)

-183.072

Jun 2020

quarterly

Mar 2008 - Jun 2020

External Debt (USD mn)

8,991.3

Mar 2013

quarterly

Jun 2011 - Mar 2013

External Debt: % of GDP (%)

1.9

2012

yearly

2011 - 2012

External Debt: Short Term (USD mn)

310.7

2018

yearly

2008 - 2018

External Debt: Short Term: % of GDP (%)

0.1

2018

yearly

2008 - 2018

Forecast: Current Account Balance (USD bn)

-4.059

2025

yearly

1980 - 2025

Net International Investment Position (USD mn)

-72,916.692

2019

yearly

2005 - 2019

BoP: CA: Income: Credit (USD mn)

402.271

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Capital Account (USD mn)

0.000

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Current Transfers: Credit (USD mn)

4,030.044

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Current Transfers: Debit (USD mn)

-124.411

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Current Transfers (USD mn)

3,905.633

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets: Direct Investment (USD mn)

-370.734

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Liabilities (USD mn)

3,154.206

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets: Reserves Assets (USD mn)

-2,077.285

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets: Other Investment (USD mn)

3,464.812

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets (USD mn)

992.140

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account (USD mn)

4,146.346

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn)

-24.653

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Goods: Credit (USD mn)

6,334.341

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn)

-56.030

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Services (USD mn)

-2,562.782

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CF: Financial Account: Liabilities: Other Investment (USD mn)

2,314.839

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Services: Credit (USD mn)

822.669

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Services: Debit (USD mn)

-3,385.451

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: Net Errors & Omission (USD mn)

-914.068

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Goods (USD mn)

-3,736.259

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Goods: Debit (USD mn)

-10,070.600

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Income (USD mn)

-838.870

Jun 2020

quarterly

Mar 2008 - Jun 2020

BoP: CA: Income: Debit (USD mn)

-1,241.141

Jun 2020

quarterly

Mar 2008 - Jun 2020

External Debt: Government (USD mn)

31,477.140

Jun 2020

quarterly

Dec 2006 - Jun 2020

External Debt: Government: International Capital Market (USD mn)

10,868.350

Jun 2020

quarterly

Mar 2011 - Jun 2020

External Debt: Service Payments (USD mn)

194.440

Dec 2018

quarterly

Mar 2008 - Dec 2018

Capital Inflow: Foreign Direct Investment (USD)

121,386,927.600

Jun 2020

monthly

Jan 2007 - Jun 2020

Monetary Last Frequency Range
Non Performing Loans Ratio (%)

11.4

2018

yearly

2003 - 2018

Money Supply M1 (USD mn)

34,866.364

Aug 2020

monthly

Nov 1992 - Aug 2020

Money Supply M2 (USD mn)

90,823.764

Aug 2020

monthly

Nov 1992 - Aug 2020

M2 Growth (%)

24.2

Aug 2020

monthly

Nov 1993 - Aug 2020

Reserve Requirement Ratio (%)

27.5

Sep 2020

monthly

Nov 2005 - Sep 2020

Foreign Exchange Reserves (USD mn)

35,738.8

Sep 2020

monthly

Jan 1960 - Sep 2020

Foreign Exchange Reserves: % of GDP (%)

7.764

Jun 2020

quarterly

Dec 2010 - Jun 2020

Foreign Exchange Reserves: Months of Import (NA)

10.9

Jul 2020

monthly

Jan 1981 - Jul 2020

Gold Reserves (USD mn)

0.062

Jan 2018

monthly

Dec 1950 - Jan 2018

Total Deposits (USD mn)

84,227.541

Dec 2019

monthly

Nov 1992 - Dec 2019

Total Deposits Growth (%)

2.6

Dec 2019

monthly

Nov 1993 - Dec 2019

Domestic Credit (USD mn)

102,680.6

Aug 2020

monthly

Nov 1992 - Aug 2020

Domestic Credit Growth (%)

12.9

Aug 2020

monthly

Nov 1993 - Aug 2020

Private Debt: % of Nominal GDP (%)

11.06

Jun 2020

quarterly

Dec 2010 - Jun 2020

Monetary Survey: Liabilities: M3 (NGN mn)

35,345,802.020

Jun 2020

monthly

Nov 1992 - Jun 2020

Monetary Survey: Liabilities: M2 (NGN mn)

34,221,096.620

Aug 2020

monthly

Nov 1992 - Aug 2020

Monetary Survey: Liabilities: M2: M1 (NGN mn)

13,137,147.730

Aug 2020

monthly

Nov 1992 - Aug 2020

Monetary Survey: Liabilities: M2: Quasi Money (NGN mn)

21,083,948.890

Aug 2020

monthly

Nov 1992 - Aug 2020

Monetary Survey: Liabilities: Base Money (NGN mn)

13,692,387.330

Aug 2020

monthly

Jan 1993 - Aug 2020

Non Performing Loans to Gross Loans (%)

9.335

Jun 2019

semiannually

Dec 2003 - Jun 2019

Banking Statistics Last Frequency Range
Liquid Assets Ratio (%)

32.5

Mar 2020

monthly

Jun 2001 - Mar 2020

Capital Adequacy Ratio (%)

15.3

2018

yearly

2004 - 2018

Monetary Authorities: Assets (NGN mn)

43,854,805.160

Dec 2019

monthly

Dec 2001 - Dec 2019

Central Bank of Nigeria: Assets (NGN th)

30,292,360,188.000

Dec 2019

monthly

Jan 2005 - Dec 2019

Banking Sector: Regulatory Capital to Risk Weighted Assets (%)

15.272

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Tier 1 Capital to Risk Weighted Assets (%)

13.555

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Liquid Assets to Total Assets (%)

22.640

Dec 2018

semiannually

Jun 2008 - Dec 2018

Banking Sector: Liquid Assets to Short Term Liabilities (%)

35.106

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Return on Assets (%)

2.529

Jun 2019

semiannually

Jun 2008 - Jun 2019

Banking Sector: Interest Margin to Gross Income (%)

67.270

Dec 2018

semiannually

Jun 2008 - Dec 2018

Interest and Foreign Exchange Rates Last Frequency Range
Bank Lending Rate (% pa)

11.760

Aug 2020

monthly

Jan 2006 - Aug 2020

Exchange Rate against USD (NGN/USD)

379.500

Sep 2020

monthly

Jan 1957 - Sep 2020

Policy Rate (% pa)

11.50

Sep 2020

monthly

Dec 2006 - Sep 2020

Short Term Interest Rate (% pa)

2.72

Sep 2020

monthly

Jan 2010 - Sep 2020

Real Effective Exchange Rate (2005=100)

136.4

Sep 2020

monthly

Dec 1979 - Sep 2020

Deposit Rate: Savings Deposits (% pa)

3.780

Aug 2020

monthly

Jan 2006 - Aug 2020

Prime Lending Rate (% pa)

11.760

Aug 2020

monthly

Jan 2006 - Aug 2020

Energy Last Frequency Range
Electricity Production (GWh)

7,720

Mar 2020

quarterly

Mar 2005 - Mar 2020

Natural Gas Production: OPEC: Marketed Production (Cub m mn)

47,827.878

2019

yearly

1963 - 2019

Natural Gas: Exports (Cub m mn)

35,953.100

2019

yearly

1960 - 2019

Crude Oil: Production (Barrel/Day th)

1,461.000

Sep 2020

monthly

Jan 2002 - Sep 2020

Crude Oil: Exports (Barrel/Day th)

2,008.228

2019

yearly

1980 - 2019

Tourism Last Frequency Range
Visitor Arrivals (Person)

5,265,000

2016

yearly

1995 - 2016

Visitor Arrivals Growth (%)

-12.5

2016

yearly

1996 - 2016

Tourism Revenue (USD mn)

1,977

2018

yearly

1995 - 2018

Tourism Revenue Growth (%)

-24.4

2018

yearly

1996 - 2018

Business and Economic Survey Last Frequency Range
Business Confidence: Net Balance (% Point)

-4.4

Sep 2020

monthly

Feb 2018 - Sep 2020

Business Confidence Growth (% Point)

-21.6

Sep 2020

monthly

Jul 2015 - Sep 2020

Financial Market Last Frequency Range
Equity Market Index (03Jan1984=100)

26,831.8

Sep 2020

monthly

Jan 1985 - Sep 2020

Market Capitalization: % of GDP (%)

9.0

2019

yearly

1985 - 2019

Market Capitalization (USD mn)

36,955.276

Sep 2020

monthly

Jan 1985 - Sep 2020

P/E ratio (NA)

19.113

2019

yearly

2014 - 2019

Market Capitalization: Nigeria Stock Exchange (NGN tn)

30.525

Sep 2020

monthly

Jun 2008 - Sep 2020

Shares Trading: Nigeria Stock Exchange: Volume (Unit bn)

5.560

May 2020

monthly

Jan 2008 - May 2020

Shares Trading: Nigeria Stock Exchange: Value (NGN bn)

64.180

Dec 2019

monthly

Jan 2008 - Dec 2019

Transport and Telecommunications Last Frequency Range
Motor Vehicle Registered (Unit th)

3,750.000

2015

yearly

2005 - 2015

Container Port Throughput (TEU)

1,484,000.000

2019

yearly

2008 - 2019

Liner Shipping Connectivity Index (2004=100)

18.960

2018

yearly

2004 - 2018

Number of Subscriber Fixed Line (Unit)

140,491.000

2018

yearly

1960 - 2018

Number of Subscriber Mobile (Person)

172,730,603.000

2018

yearly

1960 - 2018

Teledensity: Fixed Line (Number)

0.072

2018

yearly

1960 - 2018

Teledensity: Mobile (Number)

88.184

2018

yearly

1960 - 2018

Exports: ICT Goods (USD th)

40.102

2018

yearly

2000 - 2018

Exports: Telecommunication Equipment (USD th)

7,540.792

2019

yearly

1995 - 2019

Exports: Television (USD th)

933.276

2019

yearly

1995 - 2019

Imports: ICT Goods (USD th)

1,323,695.494

2018

yearly

2000 - 2018

Imports: Telecommunication Equipment (USD th)

1,318,760.821

2019

yearly

1995 - 2019

Imports: Television (USD th)

217,089.167

2019

yearly

1995 - 2019

Passenger Traffic: Airport (Person)

17,230,438.000

2018

yearly

2003 - 2018

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