Loading page…
Nigeria is best understood through oil receipts, FX policy, and domestic liquidity, because inflation and exchange-rate adjustment can reshape equity leadership very quickly. The cleanest read usually comes from oil production and fiscal inflows, naira and FX reform credibility, and whether banks and consumers can hold up through high inflation.
Regional map
Start here
You do not need a finance background. Start with the essentials, then go deeper only where useful.
Use the key figures to see the country’s size, currency and current economic backdrop.
Pick one variable at a time and see how it has changed over time.
The final cards explain the few forces that can move companies and the local market.
Key facts
Capital
Currency
Primary exchange
Central bank
Region
Time zone
Country dashboard
A frontier market where oil, banking liquidity, inflation, and FX reform dominate the macro read.
Macro explorer
Click an indicator to open a focused read instead of scanning every card at once.
Nigeria starter GDP-growth path anchored to sourced country profile readings; full official historical wiring is still pending.
Available variables
Trade and external position
The latest available data show exports of $387.8M and imports of $710.2M, leaving an external balance of −$322.4M. Services account for 1,178.4% of total exports.
This is the broadest external-demand read for Nigeria, because it combines merchandise shipments with cross-border services such as travel, transport, finance, and business services.
This is the merchandise side of the export machine for Nigeria, useful for judging industrial, energy, and manufacturing exposure in the trade mix.
This shows how much Nigeria monetizes travel, logistics, finance, software, licensing, and other non-merchandise external flows.
Trade partners
Commodity lens
Trade in goods and services equaled 26.2% of GDP in 1960. This is a quick read on how externally exposed the economy is.
Services represented 1177.2% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.
Manufactures accounted for 3.5% of merchandise exports in 2024.
Fuel exports accounted for 88.6% of merchandise exports in 2024, useful for reading commodity exposure.
Food exports accounted for 6.0% of merchandise exports in 2024, adding context on agricultural exposure.
Source: World Bank API: totalExports,
What to watch
Nigeria should first be read through oil receipts. When this regime shifts, local how highly shares are valued and sector leadership usually shift with it.
The cleanest read usually comes from oil production and fiscal inflows, naira and FX reform credibility, and whether banks and consumers can hold up through high inflation. That makes fx reform credibility one of the most important signals for revising the country narrative.
The final layer is bank and consumer resilience, because it determines whether the macro backdrop turns into sustainable profits support for the NGX All-Share Index.
Other countries
Each card opens the same country template with its own map, switchable macro variables, and benchmark view. This is the first linked network of country pages across the region.
Africa
A populous emerging market where FX policy, inflation, state investment, and the Suez-tourism mix drive sentiment.
Africa
A fast-growing but state-shaped economy where reforms, inflation, agriculture, and FX shortages drive the macro picture.
Africa
A frontier market where cocoa, gold, oil, inflation, and IMF-backed stabilization shape sentiment.
Africa
An East African market where banks, telecoms, agriculture, and shilling stability drive the investment case.
Africa
A North African market shaped by domestic banks, consumer demand, phosphates, and the European trade cycle.
Africa
An East African market where infrastructure, mining, telecoms, and domestic demand shape the growth story.
Real GDP growth
What This Signals
GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is lower by 1.0%, which points to a softer or less supportive backdrop on this measure. Across the displayed window, the broader trend is still upward.