Mining production in Nigeria increased 9.20 percent in December of 2020 over the same month in the previous year. source: Central Bank of Nigeria

Mining Production in Nigeria averaged -1.42 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 May 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 5.00 in 12 months time. In the long-term, the Nigeria Mining Production is projected to trend around 7.00 percent in 2022, according to our econometric models.

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Nigeria Mining Production

Actual Previous Highest Lowest Dates Unit Frequency
9.20 -17.30 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 1.60 -10.30 25.10 -20.40 percent [+]
Manufacturing Production -1.30 -10.30 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 [+]
Changes In Inventories 133483.38 72265.70 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 52.90 52.90 59.10 37.10 points [+]
Capacity Utilization 45.40 43.80 60.50 40.10 percent [+]
Corruption Index 25.00 26.00 28.00 6.90 Points [+]
Corruption Rank 149.00 146.00 152.00 52.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Crude Oil Rigs 6.00 7.00 23.00 3.00 [+]
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 9.20 -17.30 48.20 -34.10 percent [+]