Nigeria

Frontier

Africa · Nigerian Exchange Group · NGN

S&P Rating

B-

GDP (Nominal)

$291B

Nominal USD

GDP Growth

+4.0%

Year-on-Year

Inflation

23.0%

CPI Annualised

Market Cap

$87B

Equity Market

Equity Mkt / GDP: 30%

Economy Overview

Dangote refinery coming online — reducing import dependency

Key Sectors

Oil & GasFinance & FintechTelecomAgriculture

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Economic Profile

ClassificationFrontier

RegionAfrica

CurrencyNGN

Primary ExchangeNigerian Exchange Group

Listed Companies165

GDP / Capita$1,224

Population238M

Monetary & Fiscal

CB Policy Rate26.25%

FX Reserves$46B

Debt / GDP32%

Current Account+4.8% of GDP

S&P RatingB-

Unemployment3.1%

Data Sources:

World Bank World Development Indicators (2025)BIS policy rates · IMF World Economic OutlookILO Labour StatisticsS&P Global RatingsWorld Federation of Exchanges2024 estimates · For intelligence purposes only