Consumer Confidence in Nigeria increased to -21.20 points in the third quarter of 2020 from -29.20 points in the second quarter of 2020. source: Central Bank of Nigeria

Consumer Confidence in Nigeria averaged -8.33 points from 2008 until 2020, reaching an all time high of 9.70 points in the fourth quarter of 2018 and a record low of -29.80 points in the fourth quarter of 2016. This page provides - Nigeria Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Confidence - values, historical data and charts - was last updated on November of 2020.

Consumer Confidence in Nigeria is expected to be -20.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Nigeria to stand at 9.00 in 12 months time. In the long-term, the Nigeria Consumer Confidence is projected to trend around 9.00 points in 2021 and 7.00 points in 2022, according to our econometric models.

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Nigeria Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-21.20 -29.20 9.70 -29.80 2008 - 2020 points Quarterly

Nigeria Consumer Last Previous Highest Lowest Unit
Consumer Confidence -21.20 -29.20 9.70 -29.80 points [+]
Consumer Spending 12193023.60 10792568.53 12470076.46 7205430.82 NGN Million [+]
Disposable Personal Income 19718833.62 18878061.31 20011346.06 117513.58 NGN Million [+]
Private Sector Credit 29712172.00 30189264.87 30189264.87 440872.30 NGN Million [+]
Gasoline Prices 0.42 0.42 0.73 0.02 USD/Liter [+]


Nigeria Consumer Confidence
In Nigeria, the Consumer Expectations Survey is based on a sample of 1800 households. It provides consumers’ tendencies and expectations for general economic conditions, job opportunities, personal financial standing and market developments. The overall consumer confidence index is computed as an average of three measures: the outlook on macroeconomic conditions, family financial situation and family income. The CES is computed as the percentage share of respondents that answered positively less the percentage share of respondents that answered negatively with regard to the given indicator.