Mining production in Nigeria decreased 27.20 percent in March of 2020 over the same month in the previous year. source: Central Bank of Nigeria

Mining Production in Nigeria averaged -1.28 percent from 2011 until 2020, reaching an all time high of 48.20 percent in the third quarter of 2017 and a record low of -34.10 percent in the fourth quarter of 2016. This page provides - Nigeria Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Mining Production - values, historical data and charts - was last updated on January of 2021.

Mining Production in Nigeria is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mining Production in Nigeria to stand at -12.00 in 12 months time. In the long-term, the Nigeria Mining Production is projected to trend around 5.00 percent in 2021 and 7.00 percent in 2022, according to our econometric models.

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Nigeria Mining Production

Actual Previous Highest Lowest Dates Unit Frequency
-27.20 0.10 48.20 -34.10 2011 - 2020 percent Quarterly
NSA, 2010=100

Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -15.20 -1.50 41.10 -66.20 points [+]
Industrial Production -10.30 -10.00 25.10 -20.40 percent [+]
Manufacturing Production -10.30 -1.20 24.60 -10.30 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Services PMI 45.70 47.60 62.30 25.30 points [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing PMI 49.60 50.20 61.10 41.10 points [+]
Mining Production -27.20 0.10 48.20 -34.10 percent [+]
Crude Oil Rigs 7.00 8.00 23.00 3.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Changes In Inventories 90065.14 149517.61 178909.34 32488.05 NGN Million [+]
Competitiveness Index 48.33 47.53 48.33 3.37 Points [+]
Competitiveness Rank 116.00 115.00 127.00 94.00 [+]
Composite PMI 51.80 50.90 59.10 37.10 points [+]
Capacity Utilization 43.80 40.10 60.50 40.10 percent [+]
Corruption Index 26.00 27.00 28.00 6.90 Points [+]
Corruption Rank 146.00 144.00 152.00 52.00 [+]