The Naira is the officiale currency of Nigeria, managed by the Central Bank of Nigeria
The Stears Exchange Rate Forecast predicts quarterly and five-year currency-to-dollar exchange rates, updated monthly
Stears’ Exchange Rate Forecast Model provides quarterly forecasts for seven African currencies (Angola, Ghana, Kenya, Nigeria, Rwanda, South Africa, and Uganda) against the US dollar through 2024. The model establishes a baseline forecast based on inflation differentials between each country and the US. To account for Africa’s unique economic dynamics, including market interventions and volatile policies, we introduce an “analyst premium". Explore the full methodology here.
The Naira is the official currency of Nigeria, managed by the Central Bank of Nigeria
The FMDQ Market Turnover shows the turnover on all products traded on the FMDQ secondary market – Foreign Exchange, Treasury Bills, Money Market (Repurchase Agreements, Buy-Backs and Unsecured Placements/Takings) and Bonds (FGN Bonds and Other Bonds), Foreign Exchange and Money Market Derivatives.
Stears monthly and annual inflation forecasts
The overall change in consumer prices for goods and services, measured as a percentage over time.
The annual change in consumer prices for goods and services, measured as a percentage.
Monthly price changes for specific consumer categories, focusing on core items (excluding food and energy) and food items.
The difference between a country's inflation rate and the US inflation rate, showing relative price changes over time.
The average monthly change in prices paid by consumers for goods and services.
The average annual change in prices paid by consumers for goods and services.
The SSA Consumer Readiness Index evaluates Sub-Saharan Africa's consumer markets using indicators like income, electricity access, asset ownership, and formal employment, categorising markets as Emerging, Developing, Maturing, or Advanced.
The Stears SSA Consumer Readiness Index evaluates the development of consumer markets across 27 Sub-Saharan African countries. It integrates income levels, electricity access, asset ownership, and formal wage employment indicators. These metrics are normalised, weighted, and aggregated to create a composite score for each country.
Based on their overall scores, countries are divided into four categories: Emerging, Developing, Maturing, and Advanced. Additional demographic and economic data, including life expectancy, median age, inflation, and unemployment rates, are incorporated to enhance the analysis. This framework provides a detailed and systematic assessment of consumer market development. Find out more about the Index here.
The data shows total GDP values in billions of US dollars and annual percentage changes.
Total economic output adjusted for inflation, measuring the actual volume of goods and services produced and percentage changes.
Total economic output adjusted for inflation, measuring the actual volume of goods and services produced and percentage changes.
Total economic output and percentage changes measured at current market prices, without adjusting for inflation.
Total economic output and percentage changes measured at current market prices, without adjusting for inflation.
The data shows GDP per capita values and annual percentage changes.
The data shows government spending as a percentage of GDP, calculated by dividing total government expenditure by GDP and expressing it as a percentage
Domestic credit to the private sector, expressed as a percentage of GDP, includes financial resources like loans, trade credits, and other receivables
Sovereign credit ratings assess a country's ability to meet long-term foreign currency debt obligations, provided by S&P, Moody's, and Fitch
This dataset captures monthly financial data crucial for understanding the dynamics of the Nigerian stock market. It shows the All Share Index (ASI), Market Capitalisation and Year to Date Return. The data serves as a valuable resource for investors and analysts seeking insights into market performance and trends.
This dataset contains Nigeria's quarterly foreign trade activities, including the total value of imports, exports (FOB), trade balance, and total trade. The data covers 2008 till date, highlighting the scale of the country's international trade.
The data covers the budget deficit or surplus, reflecting the difference between a government's total revenues and expenditures over a fiscal year.
The data shows net investment inflows, calculated as new investment minus disinvestment, expressed as a percentage of GDP
Measures the percentage of bank loans in default or significant payment delay relative to the total loan portfolio, indicating asset quality
The Purchasing Managers Index tracks private sector performance across six metrics: output, new orders, inventories, employment, business confidence, and supplier delivery time. A reading above 50 indicates expansion, below 50 contraction, and 50 no change.
Current account balance in Nigeria is the sum of net exports of goods and services, net primary income, and net secondary income.
The data covers the budget deficit or surplus, reflecting the difference between a government's total revenues and expenditures over a fiscal year.
The manufacturing sector's contribution to economic output (GDP), measured in value terms and as a percentage share.
The industrial sector's contribution to economic output (GDP), including mining, manufacturing, construction, and utilities.
Wage and salaried workers includes their share of total employment and breakdowns by gender, reflecting employees in paid jobs with defined contracts
Vulnerable employment is reported as a percentage of total employment, with breakdowns for male and female workers, reflecting insecure job types like own-account and unpaid family work
Measures the number of people actively looking for a job as a percentage of the labour force.
Unemployment rate, defined as the share of the labour force without work but available for and seeking employment, based on standard international definitions
Total population broken down by age groups, showing demographic distribution.
The SSA Financial Inclusion Index assesses financial service depth in Sub-Saharan Africa using metrics like formal borrowing, account ownership, and mobile banking usage, highlighting market development and growth opportunities.
The Stears SSA Financial Inclusion Index examines digital financial service adoption across 18 Sub-Saharan African countries using data from the World Bank’s Global Findex survey. It integrates account ownership, formal borrowing, and digital banking indicators. These metrics are normalised, weighted, and aggregated into a composite score. Countries are classified into four categories: Emerging, Developing, Maturing, and Advanced. The index incorporates nationally representative data to ensure consistency and comparability across countries. Trends are tracked using normalised metrics, enabling detailed analysis of digital financial service adoption. Find out more about the Index here.
The ratio of total government debt to economic output (GDP), indicating a country's ability to pay its debt
External debt owed expressed as a percentage of annual real GDP
The share of national income used to pay interest and principal on debt obligations.
Total public debt includes long-term debt, IMF credit, and short-term debt with a maturity of one year or less, reported in USD billions.
Government debt obligations due within one year, measured in US dollars and as shares of external debt and reserves.
Government revenue as a percentage of GDP measures total government income relative to the country's economic output
Foreign currency and assets held by the central bank, used to meet international payment obligations and support monetary policy
The monthly total amount of money in circulation, including cash, bank deposits, and easily convertible financial assets.
The annual total amount of money in circulation, including cash, bank deposits, and easily convertible financial assets.
Money transferred by people working and living abroad to their families in their home countries, measured as total inbound transfers.
The number of active SIM cards or mobile lines per 100 people
The percentage of the population with access to internet services.
The percentage of population with electricity access, broken down by urban and rural areas.
The number of commercial bank loan accounts per 1,000 adults, calculated by dividing total borrowers by the adult population.
The number of ATMs per 100,000 individuals, reflecting the accessibility of banking services.
Financial institution account usage among individuals aged 15 and above, segmented by gender.
Digital payment trends and behaviours among individuals aged 15 and above.
Saving behaviours across different sources among adults aged 15 and above
Borrowing behaviours across different sources among adults aged 15 and above.
The average years a newborn is expected to live under current mortality rates
The share of primary school-age children enrolled in public and private schools, broken down by gender
The taxes applied on imported goods, calculated as weighted (by import value) or simple averages, indicating trade barriers between countries.
This dataset provides a comprehensive overview of the short-term interest rate environment in Nigeria, including the Monetary Policy Rate (MPR), maximum and prime lending rates, Nigerian Treasury Bills True Yields (NITTY), and the Nigerian Interbank Offered Rate (NIBOR). The dataset offers critical insights into the cost of capital and borrowing conditions in Nigeria. Understanding these interest rates helps in assessing the economic environment, evaluating the financial health of potential investments, structuring deals that optimise financing costs, forecasting potential returns, and making informed investment decisions.
This dataset contains historical and present rates for the Nigerian Interbank Offered Rate (NIBOR), a key benchmark interest rate in Nigeria's financial market. It includes delayed fixings of NIBOR for various tenors, reflecting the average rates at which Nigerian banks lend to each other. It also influences the rates they offer to their customers for loans and mortgages.These rates are crucial for pricing financial products, indicating banking system liquidity, and serving as a reference for monetary policy analysis.
The Nigerian Interbank Offered Rate (NIBOR) is a benchmark interest rate that represents the average rate at which Nigerian banks lend to each other in the interbank market. It is calculated daily by FMDQ Securities Exchange Limited using submissions from a panel of selected Nigerian banks. The methodology involves collecting rate quotes from these banks for various tenors, eliminating the highest and lowest quotations to remove outliers, and then calculating the arithmetic mean of the remaining rates. This process is conducted for different maturities, typically including overnight, one week, one month, three months, six months, and one year.
This dataset contains historical and present rates for the Nigerian Treasury Bills True Yields (NITTY), representing the yield rates on Nigerian government treasury bills. It includes delayed fixings of NITTY for various tenors, reflecting the returns on short-term government securities. These rates are important indicators of government borrowing costs, monetary policy stance, and overall market liquidity in Nigeria's financial system. It also shows the returns (or yields) that investors can expect from buying Nigerian government treasury bills.
The Nigerian Treasury Bills True Yields (NITTY) represent the yield rates on Nigerian government treasury bills in the secondary market. These rates are calculated and published by FMDQ Securities Exchange Limited. The methodology involves collecting actual trade data and firm quotes from active market participants for Nigerian Treasury Bills of various tenors. This data is then processed using a standardized yield calculation method that takes into account the discounted nature of Treasury Bills. The yields are calculated for different maturities, typically including one month, three months, six months, and one year.
The key interest rate set by the central bank to influence lending costs, credit growth, and overall economic activity.
The base interest rate banks charge their most creditworthy corporate borrowers, serving as a benchmark for other lending rates
The average interest rate banks charge for loans, to the private secor, including both households.
The average rate banks pay customers for keeping money in their deposit accounts, varying by account type.
The interest rate spread measures the difference between the interest earned on assets and the interest paid on liabilities, reflecting financial institutions' net profit margin.