Nigeria Business Confidence Growth
2015 - 2024 | Monthly | % Point | CEIC Data
Key information about Nigeria Business Confidence Growth
- Nigeria Business Confidence grew 4.4 % in Nov 2024, compared with an increase of 12.8 % YoY in the previous month.
- Nigeria Business Confidence: YoY Change is updated monthly, available from Jul 2015 to Nov 2024, with an averaged rate of 1.4 %.
- 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 Nov 2024 in the chart:
What was Nigeria's Business Confidence Growth in Nov 2024?
Nigeria Business Confidence grew 4.4 % in Nov 2024, compared with an increase of 12.8 % YoY in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.4 Nov 2024 | 12.8 Oct 2024 | -32.6 Jun 2020 | 25.6 Sep 2017 | % Point | monthly | Jul 2015 - Nov 2024 |
Business Confidence Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% Point) | -5.7 Dec 2024 | quarterly | Jun 2017 - Dec 2024 |
| Armenia (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
| Australia (% Point) | 8.0 Oct 2024 | monthly | Jul 2013 - Oct 2024 |
| Austria (% Point) | -2.0 Dec 2024 | monthly | Jan 1986 - Dec 2024 |
| Belarus (% Point) | -9.6 Aug 2014 | monthly | Dec 2006 - Aug 2014 |
| Belgium (% Point) | -2.1 Dec 2024 | monthly | Jan 1981 - Dec 2024 |
| Brazil (% Point) | -2.2 Dec 2024 | monthly | Jan 2010 - Dec 2024 |
| Bulgaria (% Point) | 1.4 Dec 2024 | monthly | Jan 1994 - Dec 2024 |
| Canada (% Point) | -3.2 Dec 2024 | monthly | Dec 2001 - Dec 2024 |
| Chile (% Point) | 9.3 Nov 2024 | monthly | Nov 2004 - Nov 2024 |
| China (% Point) | 2.2 Dec 2024 | monthly | Jan 2006 - Dec 2024 |
| Colombia (% Point) | 4.3 Nov 2024 | monthly | Jan 1981 - Nov 2024 |
| Croatia (% Point) | -6.2 Dec 2024 | monthly | May 2009 - Dec 2024 |
| Cyprus (% Point) | 15.7 Dec 2024 | monthly | May 2003 - Dec 2024 |
| Czech Republic (% Point) | -7.0 Dec 2024 | monthly | Mar 1994 - Dec 2024 |
| Denmark (% Point) | 18.0 Nov 2024 | monthly | Jan 1999 - Nov 2024 |
| Ecuador (% Point) | 5.7 Nov 2024 | monthly | Feb 2011 - Nov 2024 |
| Estonia (% Point) | 10.0 Dec 2024 | monthly | May 2002 - Dec 2024 |
| European Union (% Point) | -4.6 Dec 2024 | monthly | Jan 1986 - Dec 2024 |
| Finland (% Point) | 9.9 Dec 2024 | monthly | Jan 1994 - Dec 2024 |
| France (% Point) | -1.8 Dec 2024 | monthly | Jan 1986 - Dec 2024 |
| Georgia (% Point) | -18.5 Dec 2024 | quarterly | Dec 2014 - Dec 2024 |
| Germany (% Point) | -8.3 Dec 2024 | monthly | Jan 1992 - Dec 2024 |
| Ghana (%) | 14.4 Aug 2024 | monthly | Dec 2013 - Aug 2024 |
| Greece (% Point) | 7.3 Dec 2024 | monthly | Jan 1986 - Dec 2024 |
| Hong Kong SAR, China (% Point) | -11.0 Dec 2024 | quarterly | Mar 2009 - Dec 2024 |
| Hungary (% Point) | -6.4 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Iceland (% Point) | 98.4 Dec 2024 | quarterly | Dec 2003 - Dec 2024 |
| India (% Point) | -15.1 Dec 2024 | quarterly | Jun 2001 - Dec 2024 |
| Indonesia (% Point) | -0.1 Dec 2024 | quarterly | Mar 2011 - Dec 2024 |
| Israel (% Point) | 10.4 Dec 2024 | monthly | Jan 2016 - Dec 2024 |
| Italy (% Point) | -1.7 Dec 2024 | monthly | Jan 1986 - Dec 2024 |
| Japan (% Point) | 3.0 Mar 2025 | quarterly | Mar 2001 - Mar 2025 |
| Kazakhstan (% Point) | 3.0 Mar 2024 | quarterly | Mar 2009 - Mar 2024 |
| South Korea (% Point) | -8.0 Jan 2025 | monthly | Feb 2004 - Jan 2025 |
| Latvia (% Point) | -6.9 May 2023 | monthly | Apr 1994 - May 2023 |
| Lithuania (% Point) | 7.8 Nov 2024 | monthly | Apr 2004 - Nov 2024 |
| Luxembourg (% Point) | 5.2 Dec 2024 | monthly | Jan 1986 - Dec 2024 |
| North Macedonia (% Point) | -2.9 Dec 2022 | monthly | Apr 2002 - Dec 2022 |
| Malaysia (% Point) | 25.2 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Malta (% Point) | -21.5 Dec 2024 | monthly | Nov 2003 - Dec 2024 |
| Mauritius (% Point) | -9.1 Jun 2019 | quarterly | Mar 2011 - Jun 2019 |
| Mexico (% Point) | -4.1 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
| Mozambique (% Point) | 8.9 Jun 2021 | monthly | Jan 2005 - Jun 2021 |
| Netherlands (% Point) | 4.1 Dec 2024 | monthly | Jan 1986 - Dec 2024 |
| New Zealand (% Point) | -7.4 May 2023 | monthly | Aug 2003 - May 2023 |
| Nigeria (% Point) | 4.4 Nov 2024 | monthly | Jul 2015 - Nov 2024 |
| Norway (% Point) | -3.6 Dec 2024 | monthly | Feb 2005 - Dec 2024 |
| Palestinian Territory (% Point) | 4.1 Dec 2024 | monthly | Apr 2014 - Dec 2024 |
| Peru (% Point) | 26.0 Nov 2024 | monthly | Apr 2003 - Nov 2024 |
| Philippines (% Point) | -1.9 Dec 2024 | quarterly | Jun 2002 - Dec 2024 |
| Poland (% Point) | -2.7 May 2023 | monthly | Jul 2006 - May 2023 |
| Portugal (% Point) | 5.1 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
| Qatar (% Point) | -3.6 Mar 2020 | quarterly | Jun 2015 - Mar 2020 |
| Romania (% Point) | -2.8 Dec 2024 | monthly | Jul 1992 - Dec 2024 |
| Russia (% Point) | -1.0 Dec 2024 | monthly | Jan 2006 - Dec 2024 |
| Serbia (% Point) | -1.2 Dec 2024 | monthly | May 2014 - Dec 2024 |
| Singapore (% Point) | 1.2 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Slovakia (% Point) | 5.0 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
| Slovenia (% Point) | -1.0 Dec 2024 | monthly | May 1996 - Dec 2024 |
| South Africa (% Point) | -7.8 Dec 2024 | monthly | Sep 2000 - Dec 2024 |
| Spain (% Point) | 1.9 Dec 2024 | monthly | Jan 1994 - Dec 2024 |
| Sri Lanka (% Point) | -8.2 May 2023 | monthly | May 2016 - May 2023 |
| Sweden (% Point) | 9.8 Nov 2024 | monthly | Jan 2002 - Nov 2024 |
| Switzerland (% Point) | 10.8 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Taiwan (% Point) | -3.2 Mar 2018 | monthly | May 2013 - Mar 2018 |
| Thailand (% Point) | 0.6 Nov 2024 | monthly | Feb 2000 - Nov 2024 |
| Turkey (% Point) | -0.7 Dec 2024 | monthly | Jan 2008 - Dec 2024 |
| Ukraine (% Point) | 1.7 Jun 2024 | quarterly | Sep 2013 - Jun 2024 |
| United Kingdom (% Point) | 8.4 Dec 2020 | monthly | Jan 1986 - Dec 2020 |
| United States (% Point) | 4.4 Dec 2024 | monthly | Jan 1949 - Dec 2024 |
| Uruguay (% Point) | -6.9 Oct 2024 | monthly | Oct 1999 - Oct 2024 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -5.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -3,274.101 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| National Government Debt (USD mn) | 88,444.7 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Government Debt: % of GDP (%) | 52.8 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Forecast: Government Expenditure (NGN bn) | 100,505.650 2029 | yearly | 1990 - 2029 |
| Forecast: Government Net Debt (NGN bn) | 285,181.495 2029 | yearly | 1990 - 2029 |
| Forecast: Government Revenue (NGN bn) | 72,588.069 2029 | yearly | 1990 - 2029 |
| Federal Govt Expenditure (NGN bn) | 6,838.960 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Revenue (NGN bn) | 2,305.540 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Gross Federation Account Revenue (NGN bn) | 6,285.040 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Expenditure: Capital (NGN bn) | 250.290 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 1,733.500 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 6,152.970 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Federal Govt Balance (NGN bn) | -4,533.420 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Government Debt: Domestic (NGN bn) | 66,957.878 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 1,027.6 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Total Exports (USD mn) | 3,738.1 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Total Exports Growth (%) | 56.4 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
| Aluminum: Exports (USD th) | 187,832.450 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 1,530.686 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 329.199 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
| Total Imports Growth (%) | 62.9 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
| Imports: Medicament (USD th) | 614,222.259 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 227,440.624 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 124.857 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Total Imports from USA (USD mn) | 275.937 Sep 2024 | monthly | Dec 2009 - Sep 2024 |
| Total Exports to China (USD mn) | 105.763 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Total Imports from China (USD mn) | 802.488 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Imports (NGN mn) | 4,384,900.258 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Crude Oil (NGN mn) | 3,905,247.850 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Total Trade (NGN mn) | 10,432,090.965 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Growth Rate: MoM (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: Europe: ow Netherlands (NGN mn) | 261,930.167 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Europe: ow UK (NGN mn) | 180,704.134 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: America: ow USA (NGN mn) | 201,983.472 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports (NGN mn) | 6,047,190.706 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
| Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
| Imports: Europe: ow Netherlands (NGN mn) | 201,091.335 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Europe: ow Germany (NGN mn) | 135,143.103 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Europe: ow UK (NGN mn) | 134,085.602 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Asia: ow China (NGN mn) | 1,298,198.961 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Imports: America: ow USA (NGN mn) | 446,388.165 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Chemicals and Chemical Products (NGN mn) | 614,100.231 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 1,024,863.121 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Manufactured Goods (NGN mn) | 488,494.173 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Food and Live Animals (NGN mn) | 455,343.676 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Machinery and Transport Equipment (NGN mn) | 1,432,150.870 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Foreign Direct Investment: % of GDP (%) | 1.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| External Debt (USD mn) | 42,901.0 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
| External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
| External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
| Forecast: Current Account Balance (USD bn) | -5.481 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | -86,263.760 2023 | yearly | 2005 - 2023 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| External Debt: Government (USD mn) | 42,901.010 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| 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) | 21,807.151 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
| Money Supply M2 (USD mn) | 65,496.541 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
| M2 Growth (%) | 52.7 Nov 2024 | monthly | Nov 1993 - Nov 2024 |
| Reserve Requirement Ratio (%) | 50.0 Dec 2024 | monthly | Nov 2005 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 35,920.0 Aug 2024 | monthly | Jan 1960 - Aug 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.124 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 10.7 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
| 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) | 69,482.4 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
| Domestic Credit Growth (%) | 35.4 Nov 2024 | monthly | Nov 1993 - Nov 2024 |
| Private Debt: % of Nominal GDP (%) | 20.83 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 30,871,571.250 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 36,273,927.360 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,672,756.900 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 108,946,684.260 Nov 2024 | monthly | Nov 1992 - Nov 2024 |
| Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 4.4 Nov 2024 | monthly | Jul 2015 - Nov 2024 |
More Indicators for Nigeria
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.