Country Report Nigeria February 2011

Data and charts: Monthly data

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Exchange rate N:US$ (av)
2008	117.98	117.96	117.92	117.87	117.83	117.81	117.77	117.74	117.73	117.72	117.74	126.48
2009	145.78	147.14	147.72	147.23	147.84	148.20	148.59	151.86	152.30	149.36	150.85	149.95
2010	149.78	150.22	149.83	149.89	150.31	148.22	148.10	148.27	n/a	n/a	n/a	n/a
Exchange rate N:US$ (end-period)
2008	117.98	117.95	117.90	117.87	117.83	117.80	117.76	117.73	117.73	117.74	117.79	132.56
2009	145.96	147.31	147.16	147.36	148.17	148.22	151.25	151.42	148.79	150.63	149.79	149.58
2010	150.32	150.10	149.78	150.10	150.27	148.00	148.10	148.79	n/a	n/a	n/a	n/a
Real effective exchange rate (2000=100; CPI-based)
2008	76.89	76.66	75.55	75.22	76.58	77.88	78.83	81.34	84.99	90.86	95.15	85.98
2009	79.04	79.62	79.02	77.91	76.54	75.27	75.76	73.45	72.98	75.06	74.67	77.30
2010	78.44	81.20	81.24	81.58	83.73	87.02	85.24	85.22	84.84	82.38	83.37	n/a
M1 (% change, year on year)
2008	76.4	87.3	130.0	123.3	103.9	126.0	106.8	91.3	90.7	71.9	38.8	47.9
2009	33.0	17.5	-3.6	3.1	1.8	-4.2	n/a	n/a	n/a	n/a	n/a	n/a
2010	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
M2 (% change, year on year)
2008	69.1	80.4	102.2	104.1	86.3	96.4	95.2	93.0	94.9	75.9	38.0	52.6
2009	40.7	25.7	8.8	11.0	11.8	9.6	n/a	n/a	n/a	n/a	n/a	n/a
2010	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Deposit rate (%)
2008	10.7	10.8	10.7	13.1	11.7	11.8	11.7	12.2	12.7	12.7	12.7	12.9
2009	13.2	14.3	14.1	12.8	13.1	13.1	13.4	13.7	13.4	12.4	13.5	12.6
2010	12.4	10.9	8.6	7.3	6.2	5.0	4.5	4.1	n/a	n/a	n/a	n/a
Lending rate (%)
2008	16.2	16.2	15.8	15.7	15.8	10.0	16.1	16.0	15.8	16.0	16.0	16.1
2009	16.1	17.9	18.2	18.4	19.5	18.2	18.5	18.3	18.3	19.0	18.9	19.0
2010	18.8	18.7	19.0	19.1	18.8	17.7	17.4	16.9	n/a	n/a	n/a	n/a
Monetary policy rate (%)
2008	9.5	9.5	9.5	10.0	10.0	10.3	10.3	10.3	9.8	9.8	9.8	9.8
2009	9.8	9.8	9.8	8.0	8.0	8.0	6.0	6.0	6.0	6.0	6.0	6.0
2010	6.0	6.0	6.0	6.0	6.0	6.0	6.0	6.0	6.3	6.3	6.3	6.3
Stockmarket index (NSE all share; end-period; Jan 3rd 1984=100)
2008	58,571	65,075	63,017	59,441	59,424	55,949	53,111	47,789	46,216	36,326	33,026	31,451
2009	21,814	23,377	19,825	21,491	29,717	26,862	25,287	23,009	22,065	21,805	21,010	20,827
2010	22,595	22,985	25,966	26,453	26,183	25,384	25,844	24,268	23,051	25,042	24,765	24,771
Consumer prices (% change, year on year; av)
2008	8.6	8.1	7.8	8.2	9.7	12.1	13.9	12.3	13.0	14.7	14.8	15.1
2009	13.1	13.5	13.4	12.2	12.2	10.2	10.1	10.1	9.4	10.7	11.4	12.9
2010	14.3	15.6	14.8	15.0	12.9	14.2	12.9	13.7	13.7	13.4	12.8	11.7
Foreign-exchange reserves excl gold (LCU/US$ m)
2008	54,217	56,909	59,757	60,818	59,181	59,158	60,345	60,203	62,083	58,537	57,482	53,002
2009	50,110	48,114	47,083	45,915	44,837	43,463	43,352	43,790	45,749	45,469	45,469	44,763
2010	44,435	43,737	42,972	42,616	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Sources: IMF, International Financial Statistics; Haver Analytics.

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