Nigeria Business Confidence Growth

2015 - 2022 | Monthly | % Point | CEIC Data

Key information about Nigeria Business Confidence Growth

  • Nigeria Business Confidence grew 12.4 % in May 2022, compared with a decrease of 0.2 % YoY in the previous month.
  • Nigeria Business Confidence: YoY Change is updated monthly, available from Jul 2015 to May 2022, with an averaged rate of 1.6 %.
  • The data reached an all-high of 25.6 % in Sep 2017 and a record low of -32.6 % in Jun 2020.

CEIC calculates Business Confidence Change from monthly Purchasing Managers Index. The Central Bank of Nigeria provides Purchasing Managers Index with range from 0 to 100 with neutral point 50. Business Confidence covers Manufacturing sectors only.

View Nigeria's Business Confidence Growth from Jul 2015 to May 2022 in the chart:

Nigeria Business Confidence Growth

What was Nigeria's Business Confidence Growth in May 2022?

Nigeria Business Confidence grew 12.4 % in May 2022, compared with a decrease of 0.2 % YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
12.4 May 2022 -0.2 Apr 2022 -32.6 Jun 2020 25.6 Sep 2017 % Point monthly Jul 2015 - May 2022

Business Confidence Growth by Country Comparison

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Includes Business Confidence Growth on 72 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% Point) 13.7 Jun 2022 quarterly Jun 2017 - Jun 2022
Armenia (% Point) -3.7 Jun 2016 quarterly Sep 2006 - Jun 2016
Australia (% Point) -4.6 Aug 2022 monthly Aug 2007 - Aug 2022
Austria (% Point) -20.0 Aug 2022 monthly Jan 1986 - Aug 2022
Belarus (% Point) -9.6 Aug 2014 monthly Dec 2006 - Aug 2014
Belgium (% Point) -14.4 Aug 2022 monthly Jan 1981 - Aug 2022
Brazil (% Point) -6.6 Aug 2022 monthly Jan 2010 - Aug 2022
Bulgaria (% Point) 2.2 Aug 2022 monthly Jan 1994 - Aug 2022
Canada (% Point) -10.2 Aug 2022 monthly Dec 2001 - Aug 2022
Chile (% Point) -48.6 Aug 2022 monthly Nov 2004 - Aug 2022
China (% Point) -1.4 Aug 2022 monthly Jan 2006 - Aug 2022
Colombia (% Point) -6.6 Jul 2022 monthly Jan 1981 - Jul 2022
Croatia (% Point) -10.1 Aug 2022 monthly May 2009 - Aug 2022
Cyprus (% Point) -29.0 Aug 2022 monthly May 2003 - Aug 2022
Czech Republic (% Point) -0.4 Aug 2022 monthly Mar 1994 - Aug 2022
Denmark (% Point) -5.0 Aug 2022 monthly Jan 1999 - Aug 2022
Ecuador (%) 9.1 Jul 2022 monthly May 2008 - Jul 2022
Estonia (% Point) -25.7 Aug 2022 monthly May 2002 - Aug 2022
European Union (% Point) -11.0 Aug 2022 monthly Jan 1986 - Aug 2022
Finland (% Point) -20.3 Aug 2022 monthly Jan 1994 - Aug 2022
France (% Point) -9.3 Aug 2022 monthly Jan 1986 - Aug 2022
Georgia (% Point) -3.3 Sep 2022 quarterly Dec 2014 - Sep 2022
Germany (% Point) -31.6 Aug 2022 monthly Jan 1992 - Aug 2022
Ghana (%) -17.2 Jun 2022 monthly Dec 2013 - Jun 2022
Greece (% Point) -11.1 Aug 2022 monthly Jan 1986 - Aug 2022
Hong Kong SAR, China (% Point) 0.0 Sep 2022 quarterly Mar 2009 - Sep 2022
Hungary (% Point) -8.2 Aug 2022 monthly Jan 1997 - Aug 2022
Iceland (% Point) -83.2 Jun 2022 quarterly Mar 2007 - Jun 2022
India (% Point) -4.9 Dec 2022 quarterly Jun 2001 - Dec 2022
Indonesia (% Point) 10.6 Sep 2022 quarterly Mar 2011 - Sep 2022
Israel (% Point) 5.6 Aug 2022 monthly Jan 2016 - Aug 2022
Italy (% Point) -8.8 Aug 2022 monthly Jan 1986 - Aug 2022
Japan (% Point) -1.0 Sep 2022 quarterly Mar 2001 - Sep 2022
Kazakhstan (% Point) -5.0 Jun 2022 quarterly Mar 2009 - Jun 2022
South Korea (% Point) -14.0 Sep 2022 monthly Feb 2004 - Sep 2022
Latvia (% Point) -6.1 Aug 2022 monthly Apr 1994 - Aug 2022
Lithuania (% Point) -9.0 Aug 2022 monthly Apr 2004 - Aug 2022
Luxembourg (% Point) -31.3 Aug 2022 monthly Jan 1986 - Aug 2022
North Macedonia (% Point) -3.3 Aug 2022 monthly Apr 2002 - Aug 2022
Malaysia (% Point) 8.7 Jun 2022 quarterly Mar 2004 - Jun 2022
Malta (% Point) -48.9 Aug 2022 monthly Nov 2003 - Aug 2022
Mauritius (% Point) -9.1 Jun 2019 quarterly Mar 2011 - Jun 2019
Mexico (% Point) -1.4 Aug 2022 monthly Jan 2005 - Aug 2022
Mozambique (% Point) 8.9 Jun 2021 monthly Jan 2005 - Jun 2021
Netherlands (% Point) -5.0 Aug 2022 monthly Jan 1986 - Aug 2022
New Zealand (% Point) 30.9 Aug 2022 monthly Aug 2003 - Aug 2022
Nigeria (% Point) 12.4 May 2022 monthly Jul 2015 - May 2022
Norway (% Point) -19.7 Aug 2022 monthly Feb 2005 - Aug 2022
Palestinian Territory (% Point) 12.1 Aug 2022 monthly Apr 2014 - Aug 2022
Peru (% Point) 4.0 Aug 2022 monthly Apr 2003 - Aug 2022
Philippines (% Point) 6.7 Jun 2022 quarterly Jun 2002 - Jun 2022
Poland (% Point) -14.2 Aug 2022 monthly Jul 2006 - Aug 2022
Portugal (% Point) -4.6 Aug 2022 monthly Jan 1988 - Aug 2022
Qatar (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
Romania (% Point) -1.3 Aug 2022 monthly Jul 1992 - Aug 2022
Russia (% Point) -2.0 Aug 2022 monthly Jan 2006 - Aug 2022
Serbia (% Point) -4.5 Aug 2022 monthly May 2014 - Aug 2022
Singapore (% Point) -1.8 Aug 2022 monthly Jan 2000 - Aug 2022
Slovakia (% Point) -7.0 Aug 2022 monthly Jan 1994 - Aug 2022
Slovenia (% Point) -12.1 Aug 2022 monthly May 1996 - Aug 2022
South Africa (% Point) -8.1 Aug 2022 monthly Sep 2000 - Aug 2022
Spain (% Point) -7.6 Jul 2022 monthly Jan 1994 - Jul 2022
Sri Lanka (% Point) 9.0 Aug 2022 monthly May 2016 - Aug 2022
Sweden (% Point) -21.4 Aug 2022 monthly Jan 2002 - Aug 2022
Switzerland (% Point) -21.2 Aug 2022 monthly Jan 1996 - Aug 2022
Taiwan (% Point) -3.2 Mar 2018 monthly May 2013 - Mar 2018
Thailand (% Point) 19.2 Aug 2022 monthly Feb 2000 - Aug 2022
Turkey (% Point) -10.8 Aug 2022 monthly Jan 2008 - Aug 2022
Ukraine (% Point) -44.6 Jun 2022 quarterly Sep 2013 - Jun 2022
United Kingdom (% Point) 8.4 Dec 2020 monthly Jan 1986 - Dec 2020
United States (% Point) -13.8 Aug 2022 monthly Jan 1949 - Aug 2022
Uruguay (% Point) 8.1 Jul 2022 monthly Oct 1999 - Jul 2022

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Nigeria Key Series

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Includes 209 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.4 Mar 2022 quarterly Dec 2010 - Mar 2022
Consolidated Fiscal Balance (USD mn) -3,893.668 Mar 2022 quarterly Mar 2005 - Mar 2022
National Government Debt (USD mn) 88,421.5 Mar 2022 quarterly Dec 2006 - Mar 2022
Government Debt: % of GDP (%) 20.6 Mar 2022 quarterly Dec 2010 - Mar 2022
Forecast: Government Expenditure (NGN bn) 53,826.479 2027 yearly 1990 - 2027
Forecast: Government Net Debt (NGN bn) 173,827.955 2027 yearly 1990 - 2027
Forecast: Government Revenue (NGN bn) 28,821.587 2027 yearly 1990 - 2027
Federal Govt Expenditure: Capital (NGN bn) 558.420 Mar 2022 quarterly Mar 2005 - Mar 2022
Federal Govt Expenditure (NGN bn) 2,760.610 Mar 2022 quarterly Mar 2005 - Mar 2022
Gross Federation Account Revenue (NGN bn) 2,844.730 Dec 2021 quarterly Mar 2005 - Dec 2021
Federal Govt Balance (NGN bn) -1,617.840 Mar 2022 quarterly Mar 2005 - Mar 2022
Federal Govt Expenditure: Recurrent (NGN bn) 2,078.050 Mar 2022 quarterly Mar 2005 - Mar 2022
Federal Govt Revenue (NGN bn) 1,142.770 Mar 2022 quarterly Mar 2005 - Mar 2022
Gross Federation Account Revenue: Oil (NGN bn) 1,115.170 Dec 2021 quarterly Mar 2005 - Dec 2021
Government Debt: Domestic (NGN bn) 20,144.028 Mar 2022 quarterly Dec 2005 - Mar 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.626 2027 yearly 1991 - 2027
Trade Balance (USD mn) 2,020.9 Jun 2022 monthly Jan 2003 - Jun 2022
Total Exports (USD mn) 6,043.6 Jun 2022 monthly Jan 2003 - Jun 2022
Total Exports Growth (%) 40.0 Jun 2022 monthly Jan 2004 - Jun 2022
Aluminum: Exports (USD th) 118,090.394 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 1,935.596 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 659.364 2021 yearly 1995 - 2021
Total Imports (USD mn) 4,022.8 Jun 2022 monthly Jan 2003 - Jun 2022
Total Imports Growth (%) -12.4 Jun 2022 monthly Jan 2004 - Jun 2022
Imports: Medicament (USD th) 1,503,575.724 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 784,356.486 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 485.976 Jun 2022 monthly Jan 2003 - Jun 2022
Total Imports from USA (USD mn) 372.681 Jun 2022 monthly Dec 2009 - Jun 2022
Total Exports to China (USD mn) 27.700 Jun 2022 monthly Jan 2007 - Jun 2022
Total Imports from China (USD mn) 1,122.654 Jun 2022 monthly Jan 2007 - Jun 2022
Imports (NGN mn) 1,669,497.807 Jun 2022 monthly Jan 2003 - Jun 2022
Total Trade (NGN mn) 4,177,683.065 Jun 2022 monthly Jan 2003 - Jun 2022
Exports: Crude Oil (NGN mn) 1,984,570.423 Jun 2022 monthly Jan 2003 - Jun 2022
Exports: America: ow USA (NGN mn) 201,686.439 Jun 2022 monthly Jan 2003 - Jun 2022
Exports: Europe: ow Netherlands (NGN mn) 186,294.238 Jun 2022 monthly Jan 2003 - Jun 2022
Exports: Europe: ow UK (NGN mn) 50,705.873 Jun 2022 monthly Jan 2003 - Jun 2022
Exports (NGN mn) 2,508,185.258 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Europe: ow Germany (NGN mn) 50,094.090 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Europe: ow UK (NGN mn) 31,364.139 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Asia: ow China (NGN mn) 465,916.152 Jun 2022 monthly Jan 2007 - Jun 2022
Imports: Europe: ow Netherlands (NGN mn) 168,731.075 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: America: ow USA (NGN mn) 154,667.521 Jun 2022 monthly Jan 2003 - Jun 2022
Exports: Mineral Products (NGN mn) 16,910,118.786 2021 yearly 2003 - 2021
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 44,635.113 2021 yearly 2003 - 2021
Imports: Food and Live Animals (NGN mn) 297,516.318 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Machinery and Transport Equipment (NGN mn) 512,597.112 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Chemicals and Chemical Products (NGN mn) 294,146.904 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Manufactured Goods (NGN mn) 161,178.612 Jun 2022 monthly Jan 2003 - Jun 2022
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 271,391.044 Jun 2022 monthly Jan 2003 - Jun 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -46.6 Mar 2022 quarterly Mar 2008 - Mar 2022
Current Account Balance (USD mn) 2,577.0 Mar 2022 quarterly Mar 2008 - Mar 2022
Current Account Balance: % of GDP (%) 2.4 Mar 2022 quarterly Mar 2008 - Mar 2022
Foreign Direct Investment (USD mn) -182.5 Mar 2022 quarterly Mar 2008 - Mar 2022
Foreign Direct Investment: % of GDP (%) -0.2 Mar 2022 quarterly Mar 2010 - Mar 2022
Foreign Portfolio Investment (USD mn) 1,542.127 Mar 2022 quarterly Mar 2008 - Mar 2022
Foreign Portfolio Investment: % of GDP (%) 1.4 Mar 2022 quarterly Mar 2010 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 260.0 Mar 2022 quarterly Mar 2008 - Mar 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 1,282.174 Mar 2022 quarterly Mar 2008 - Mar 2022
External Debt (USD mn) 39,969.2 Mar 2022 quarterly Dec 2006 - Mar 2022
External Debt: % of GDP (%) 8.8 2021 yearly 1985 - 2021
External Debt: Short Term (USD mn) 0.1 2019 yearly 2008 - 2019
External Debt: Short Term: % of GDP (%) 0.0 2019 yearly 2008 - 2019
Forecast: Current Account Balance (USD bn) -6.402 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -73,491.250 2021 yearly 2005 - 2021
BoP: CA: Goods: Debit (USD mn) -13,660.433 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Current Transfers: Credit (USD mn) 5,747.590 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 1,965.977 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) 884.280 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account: Liabilities (USD mn) 3,325.602 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account: Assets (USD mn) -4,110.368 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Income: Debit (USD mn) -4,041.366 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: Net Errors & Omission (USD mn) -1,792.216 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Services: Credit (USD mn) 955.668 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Income (USD mn) -3,867.477 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account: Assets: Direct Investment (USD mn) 46.585 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Services: Debit (USD mn) -3,786.720 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Current Transfers: Debit (USD mn) -116.057 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Goods: Credit (USD mn) 17,304.410 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Capital Account (USD mn) 0.000 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) 87.673 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Services (USD mn) -2,831.051 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account: Assets: Other Investment (USD mn) -5,128.906 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Goods (USD mn) 3,643.978 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Current Transfers (USD mn) 5,631.532 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,542.127 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CA: Income: Credit (USD mn) 173.889 Mar 2022 quarterly Mar 2008 - Mar 2022
BoP: CF: Financial Account (USD mn) -784.766 Mar 2022 quarterly Mar 2008 - Mar 2022
External Debt: Government: International Capital Market (USD mn) 15,618.350 Mar 2022 quarterly Mar 2011 - Mar 2022
External Debt: Government (USD mn) 39,969.190 Mar 2022 quarterly Dec 2006 - Mar 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
Capital Inflow: Foreign Direct Investment (USD) 7,458,089.000 Jul 2022 monthly Jan 2007 - Jul 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 49,010.710 Jul 2022 monthly Nov 1992 - Jul 2022
Money Supply M2 (USD mn) 116,095.289 Jul 2022 monthly Nov 1992 - Jul 2022
M2 Growth (%) 21.5 Jul 2022 monthly Nov 1993 - Jul 2022
Reserve Requirement Ratio (%) 27.5 Aug 2022 monthly Nov 2005 - Aug 2022
Foreign Exchange Reserves (USD mn) 39,024.9 Aug 2022 monthly Jan 1960 - Aug 2022
Foreign Exchange Reserves: % of GDP (%) 8.764 Jun 2022 quarterly Dec 2010 - Jun 2022
Foreign Exchange Reserves: Months of Import (NA) 9.7 Jun 2022 monthly Jan 2003 - Jun 2022
Gold Reserves (USD mn) 1,406.391 Apr 2021 monthly Dec 1950 - Apr 2021
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 144,235.6 Jul 2022 monthly Nov 1992 - Jul 2022
Domestic Credit Growth (%) 33.3 Jul 2022 monthly Nov 1993 - Jul 2022
Private Debt: % of Nominal GDP (%) 12.23 Dec 2021 quarterly Dec 2010 - Dec 2021
Monetary Survey: Liabilities: Base Money (NGN mn) 14,026,886.110 Jul 2022 monthly Jan 1993 - Jul 2022
Monetary Survey: Liabilities: M2 (NGN mn) 48,258,489.560 Jul 2022 monthly Nov 1992 - Jul 2022
Monetary Survey: Liabilities: M2: M1 (NGN mn) 20,372,771.970 Jul 2022 monthly Nov 1992 - Jul 2022
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 27,885,717.590 Jul 2022 monthly Nov 1992 - Jul 2022
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 5.700 Jun 2021 semiannually Dec 2003 - Jun 2021
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 12.4 May 2022 monthly Jul 2015 - May 2022

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