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Central Bank of Nigeria — Live data

Nigeria Economic Dashboard

Inflation Rate

15.91%

-0.02%

MPR

26.50%

0.00%

Savings Rate

7.32%

+0.08%

91-Day T-Bill

16.30%

0.00%

Inflation Rate

No historical data available

Monetary Policy Rate

No historical data available

Savings Rate

No historical data available
Metrics Snapshot
  • Inflation Rate
    Prev: 15.93%
    15.91%
  • MPR (Interest Rate)
    Prev: 26.50%
    26.50%
  • Savings Rate
    Prev: 7.24%
    7.32%
  • 91-Day T-Bill
    Prev: 16.30%
    16.30%
Source:Central Bank of Nigeria·Updated frequently

Understanding Nigeria's Key Economic Indicators

Plus234Feed pulls Nigeria's most important macro indicators directly from the Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS), Debt Management Office (DMO), and Nigerian Exchange Group (NGX) and assembles them into one dashboard. Whether you're a business owner pricing imports, a treasurer managing naira exposure, or a citizen trying to understand where the economy is headed — these numbers are the ground truth.

Monetary Policy Rate (MPR) — what it means

The MPR is the benchmark interest rate set by CBN's Monetary Policy Committee. When MPR goes up, commercial banks raise their own lending and deposit rates — making loans more expensive but savings more rewarding. CBN typically raises MPR to fight inflation (cooling consumer spending) and cuts it to stimulate growth.

Inflation Rate — the consumer price index (CPI)

Nigeria's headline inflation tracks the average change in prices Nigerians pay for a basket of goods and services — food, transport, rent, energy, clothing. Food inflation is reported separately because it dominates household budgets. The NBS releases monthly CPI data around the 15th of each month.

Treasury Bills (T-Bills) and bond yields

Nigerian Treasury Bills are short-term government debt instruments (91-day, 182-day, 364-day tenors) issued by CBN through fortnightly auctions. Yields tell you what the federal government is willing to pay to borrow naira short-term.

Where does this data come from?

Exchange rates from CBN and AbokiForex. MPR, prime lending rate, savings deposit rate, and money market data from CBN. Inflation, GDP, unemployment, capital importation, and trade data from the National Bureau of Statistics (NBS). Federal and external debt from the Debt Management Office (DMO). NGX market data from public NGX feeds.

This Week on the Data

Updated Aug 14, 2026

Nigeria's headline inflation eased slightly in June 2026, falling to 15.91% year-on-year from 15.93% in May, according to CBN data. Food inflation, which remains elevated, declined to 17.52% from 16.96% the previous month. The 12-month average inflation rate dropped to 17.63% from 18.36%, signalling some moderation in price pressures across the broader economy. The Central Bank's Monetary Policy Committee kept the benchmark Monetary Policy Rate steady at 26.50% in June, maintaining its restrictive stance. Savings deposit rates edged up to 7.32% from 7.24%, offering savers marginally better returns. Treasury bill yields remained anchored, with the 91-day T-bill holding at 16.3% at both the July 29 and July 15 auctions. The 91-day rate sits 1,050 basis points below the MPR, reflecting the wide spread between policy rates and money market instruments. This gap persists as the CBN balances inflation control with liquidity management.

Frequently Asked Questions

What is the current CBN Monetary Policy Rate (MPR)?
The current MPR is shown live at the top of this dashboard, pulled directly from CBN publications. The Monetary Policy Committee (MPC) reviews the MPR bi-monthly; changes are Nigeria's single biggest lever on lending rates, inflation, and the naira.
What is Nigeria's inflation rate right now?
The current headline inflation rate from the NBS (National Bureau of Statistics) is shown on this page and updated monthly when NBS releases the Consumer Price Index (CPI) report. Both year-on-year and month-on-month figures are tracked.
What does the savings deposit rate mean?
This is the average rate Nigerian banks pay on savings accounts, published by the CBN. It's typically well below MPR — meaning savers lose purchasing power to inflation unless they move into higher-yield instruments like NTBs.
What is a 91-day Treasury Bill and what rate does Nigeria pay?
The 91-day NTB (Nigerian Treasury Bill) is the shortest-tenor government debt instrument, auctioned by the CBN. The current stop rate is the risk-free short-term rate in naira. Compare it to MPR to see how tight or loose CBN's liquidity operations are.
How often are these CBN metrics updated?
Inflation updates monthly (NBS CPI release). MPR updates after each MPC meeting (roughly every two months). Savings rate updates monthly. 91-day T-bill rate updates after each auction (typically weekly).