Nigeria Economy & Nigeria Markets Data analytics

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MacroVar monitors real-time economic, financial and geopolitical developments for the Nigeria economy and Nigeria markets by analyzing financial, economic data and real-time news using statistical models. To help you forecast and analyze economic and financial developments, our team provides you with explanations of the theory and structure of our models and access to financial and economic data.

Nigeria Overview

 
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Nigeria Overview presents the current trends and dynamics of the major Nigeria financial markets and economic indicators. Select Details to get more information for each indicator, use Factors to monitor current statistical analysis of financial & economic factors affecting the specific asset, and select research to read the latest MacroVar research for the specific asset/indicator.


SymbolPrice1D%MoM%YoY%MTBFactorsResearchDetails
NSE All ShareALLSHARE99802.100.0164.38
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria PMI vs StocksPremium Factors are available to premium users only. Upgrade your account.
Momentum0.5High2024-07-19 07:49:20MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
TrendHighMacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigeria 2-Year Bond YieldNG.2Y23.5915.890.2203.24
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumHighMacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
TrendHighMacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigeria 10-year bond yieldNG.10Y19.6900.0149.44
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria PMI vs 10YPremium Factors are available to premium users only. Upgrade your account.
Momentum0.0High2024-01-18 20:54:58MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-100.0High2024-01-20 14:12:16MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk-50.0High2023-08-01 13:24:49MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigerian Naira US Dollar (NGN/USD)NGNUSD 1561.51-1.790.0297.21
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria 10Y vs FXPremium Factors are available to premium users only. Upgrade your account.
Nigeria 2Y vs FXPremium Factors are available to premium users only. Upgrade your account.
Nigeria PMI vs FXPremium Factors are available to premium users only. Upgrade your account.
Momentum100.0High2024-07-10 11:04:02MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend75.0High2024-07-16 11:09:58MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
manufacturing pming.manpmi42.8-13-13-18
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumDownHigh2024-07-11 09:32:08Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendDownHigh2024-07-11 09:32:08A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
Services PMIng.servpmi36.2-23-23-23
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumDownHigh2024-07-12 19:52:03Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendDownHigh2024-07-12 19:52:03A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
SymbolPrice1D%MoM%YoY%MTBFactorsResearchDetails
NSE All ShareALLSHARE99802.100.0164.38
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria PMI vs StocksPremium Factors are available to premium users only. Upgrade your account.
Momentum0.5High2024-07-19 07:49:20MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
TrendHighMacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigeria ETFNGE3.7400.02-53.69
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria PMI vs ETFPremium Factors are available to premium users only. Upgrade your account.
Momentum-100.0High2023-12-18 15:44:05MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-50.0High2023-09-20 16:50:14MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk-50.0High2024-01-11 08:16:43MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigeria 2-Year Bond YieldNG.2Y23.5915.890.2203.24
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumHighMacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
TrendHighMacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigeria 10-year bond yieldNG.10Y19.6900.0149.44
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria PMI vs 10YPremium Factors are available to premium users only. Upgrade your account.
Momentum0.0High2024-01-18 20:54:58MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-100.0High2024-01-20 14:12:16MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk-50.0High2023-08-01 13:24:49MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigeria Yield CurveNG.YC-3.9484.1322.51-329.39
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Research is available only to premium users. Upgrade your account.
Description
Nigerian Naira US Dollar (NGN/USD)NGNUSD 1561.51-1.790.0297.21
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria 10Y vs FXPremium Factors are available to premium users only. Upgrade your account.
Nigeria 2Y vs FXPremium Factors are available to premium users only. Upgrade your account.
Nigeria PMI vs FXPremium Factors are available to premium users only. Upgrade your account.
Momentum100.0High2024-07-10 11:04:02MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend75.0High2024-07-16 11:09:58MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
SymbolPrice1D%MoM%YoY%MTBFactorsResearchDetails
Composite PMIng.comppmi36.2-23-23974
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumUPHigh2024-07-12 19:52:03Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendUPHigh2024-07-12 19:52:03A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
manufacturing pming.manpmi42.8-13-13-18
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumDownHigh2024-07-11 09:32:08Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendDownHigh2024-07-11 09:32:08A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
Services PMIng.servpmi36.2-23-23-23
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumDownHigh2024-07-12 19:52:03Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendDownHigh2024-07-12 19:52:03A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
GDP Growth (annual)ng.gdpgrowthan2.98-14-14484
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumUpHigh2024-07-11 09:32:08Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendDownHigh2024-07-11 09:32:08A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
Unemployment rateng.unemploymentrate51919-65
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumDownMedium2024-07-11 09:32:08Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendDownMedium2024-07-11 09:32:08A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
SymbolPrice1D%MoM%YoY%MTBFactorsResearchDetails
NSE All ShareALLSHARE99802.100.0164.38
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria PMI vs StocksPremium Factors are available to premium users only. Upgrade your account.
Momentum0.5High2024-07-19 07:49:20MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
TrendHighMacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigeria 2-Year Bond YieldNG.2Y23.5915.890.2203.24
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumHighMacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
TrendHighMacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigeria 10-year bond yieldNG.10Y19.6900.0149.44
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria PMI vs 10YPremium Factors are available to premium users only. Upgrade your account.
Momentum0.0High2024-01-18 20:54:58MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-100.0High2024-01-20 14:12:16MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk-50.0High2023-08-01 13:24:49MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Nigerian Naira US Dollar (NGN/USD)NGNUSD 1561.51-1.790.0297.21
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Nigeria 10Y vs FXPremium Factors are available to premium users only. Upgrade your account.
Nigeria 2Y vs FXPremium Factors are available to premium users only. Upgrade your account.
Nigeria PMI vs FXPremium Factors are available to premium users only. Upgrade your account.
Momentum100.0High2024-07-10 11:04:02MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend75.0High2024-07-16 11:09:58MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description

Nigeria Economic Overview

  
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Nigeria economic overview presents a snapshot of Nigeria current economic conditions. You can find details for the Nigeria economy subsections by exploring the sections below.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
Composite PMIng.comppmi36.247.1-23974UPUP
manufacturing pming.manpmi42.849.4-13-18DownDown
services pming.servpmi36.247.1-23-23DownDown

Nigeria Manufacturing

  
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MacroVar tracks hundreds of indicators related to Nigeria manufacturing. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of goods in the Nigeria economy.


1IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
manufacturing pming.manpmi42.849.4-13-18DownDown
industrial productionng.indproduction-9.715.2-164-385DownDown

Nigeria Services

  
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MacroVar tracks hundreds of indicators related to Nigeria services. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of services in the Nigeria economy.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
services pming.servpmi36.247.1-23-23DownDown

Nigeria consumer sentiment

  
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Consumer spending makes up 67% of the U.S. Economy. MacroVar monitors direct consumer reports like the University of Michigan Consumer Sentiment Index and indirect macroeconomic indicators related to Nigeria employment and Nigeria consumer activity (building permits).


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
consumer confidenceng.consconfidence-14.8-21.2s-30-1580DownDown
unemployment rateng.unemploymentrate5.04.2s19-65DownDown

Nigeria Construction

  
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The Nigeria construction sector is a significant component of the Nigeria economy. MacroVar monitors leading indicators of construction activity like building permits and new home sales.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope

Nigeria Macroeconomic outlook

  
Nigeria Macroeconomic outlook presents an overview of the long-term fundamental coincident factors of the Nigeria economy. Components monitored are the country's rserves, debt, Monetary Policy and Fiscal Policy. Explore Nigeria macroeconomic model in detail.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
gdpng.gdp362.81472.62-23-12DownDown
Real GDPng.realgdp18278213.0121773300-169DownUP
gdp growth annualng.gdpgrowthan2.983.46-14484DownUP
gdp growthng.gdpgrowth-16.112-234-245DownDown
interest rateng.interestrate26.2524.75642UPUP
unemployment rateng.unemploymentrate5.04.219-65DownDown
external debtng.externaldebt41594.5243159.2-430UPUP
government debt to gdpng.govdebtgdp38.838288UPUP
current accountng.currentaccount3280.0287014-191UPUP
current account to gdpng.currentaccountgdp-0.3-0.30-110DownDown
exportsng.exports4284566.6142679800123UPUP
importsng.imports4104729.04822310-15120UPUP
foreign exchange reservesng.fxreserves34070.0326904-0UPDown
gold reservesng.goldres21.3721.370-0DownDown
government revenuesng.govrev1693.021510.091289UPUP
fiscal expenditureng.fiscalexp4040.184175.35-390UPUP

Nigeria Inflation

  
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MacroVar monitors major inflation indexes and subcompoonents based on Bureau of Labour Statistics monthly report.


IndicatorSymbolActualPreviousM/M%Y/Y%Trend
core inflation rateng.coreinflationrate27.427.04135

Nigeria Employment

  
MacroVar monitors leading indicators (ISM/NMI employment activity), coincident (Initial & Continuing jobless claims) and lagging indicators of Nigeria employment. Nigeria employment is one of the major factors affecting Nigeria monetary policy.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
unemployment rateng.unemploymentrate5.04.219-65DownDown

Nigeria Monetary Policy

  
Nigeria Monetary policy is monitored by tracking the most important indicators related to the Fed's balance sheet and interest rates.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
interest rateng.interestrate26.2524.75642UPUP
money supply m1ng.msm133382632.8833819000-148UPUP
money supply m2ng.msm298986356.4996963500278UPUP
government debt to gdpng.govdebtgdp38.838288UPUP
Nigeria Credit Rating (S&P)RATING.S&P.NG
Nigeria Credit Rating (Moody's)RATING.MOODYS.NG
Nigeria Credit Rating (Fitch)RATING.FITCH.NG

Nigeria Fiscal Policy

  
Nigeria Fiscal policy is monitored by tracking the most important indicators related to the Treasury's decisions on government spending, revenues and budget surplus/deficit.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
government revenuesng.govrev1693.021510.091289UPUP
fiscal expenditureng.fiscalexp4040.184175.35-390UPUP
government budgetng.govbudget-6.1-522336DownDown
Government budgetng.govbudgetvalue-2347.16-2665.26-1288DownDown
government debt to gdpng.govdebtgdp38.838288UPUP

Nigeria Trade

  
Nigeria trade activity is monitored by tracking Trade and Capital flows.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
current accountng.currentaccount3280.0287014-191UPUP
current account to gdpng.currentaccountgdp-0.3-0.30-110DownDown
balance of tradeng.balanceoftrade2158250.7183512018138UPUP
importsng.imports4104729.04822310-15120UPUP
exportsng.exports4284566.6142679800123UPUP
external debtng.externaldebt41594.5243159.2-430UPUP
foreign exchange reservesng.fxreserves34070.0326904-0UPDown
gold reservesng.goldres21.3721.370-0DownDown