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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NigeriaNigeria Gross Domestic Product YoY fell to 3.89% in April 2026
FMPMonthlyReleased May 2026
Nigeria Gross Domestic Product YoY fell to 3.89% in April 2026, released May 2026, down 0.18% from March's 4.07% reading.
Latest Release
3.890000
Actual
—
Consensus
4.070000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product YoY (Nigeria) was reported at 3.89% in May 2026. The reading fell from the previous value of 4.07%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged 3.98%, up from the prior three at 3.73%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Gross Domestic Product YoY - NG
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About Gross Domestic Product YoY — Nigeria
DEFINITION
Nigeria's Gross Domestic Product YoY came in at 3.890000% for April, missing the previous 4.070000% recorded in February. This decline signals a slowdown in economic growth compared to two months ago. Market participants will watch upcoming data for further clarity on Nigeria's growth trajectory. Updated 5/25/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 3.89 %. Prior reading (Oct 2025): 4.07 %. Before that (Jul 2025): 3.98 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - NG Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:40 | NG | Foreign Exchange Reserves | 51.92 | 51.29 | 51.5 | 51.71 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:45 | NG | Stanbic IBTC Bank Nigeria PMI | 53.4 | 52.9 | 54.35 | Low | |