Inflation Trend with Linear Regression
The dashed line is an ordinary least squares regression — beneath the month-to-month noise, inflation has been on a steady long-run upward trajectory since 2020.
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InflationOLS Trend
Source: NBS · Trend line = Ordinary Least Squares linear regression
Pearson Correlation: Inflation vs Exchange Rate
Computing correlation…
Pearson r calculated on paired monthly observations within the selected date range. NBS inflation vs CBN NGN/USD.
FX Reserves vs Exchange Rate — Inverse Relationship
Reserves and the exchange rate often move in opposite directions — as the Naira depreciated after June 2023, reserves initially fell before recovering as oil revenues and CBN policy improved.
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Exchange Rate NGN/USD — LeftFX Reserves USD Bn — Right
GDP Sectoral Comparison (Latest Values)
Comparing sectors side by side shows which parts of Nigeria's economy are actually driving growth — services and trade have outpaced oil-dependent sectors in recent years.
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Source: NBS Real GDP by Sector · Latest available annual value · NGN Billions at constant 2010 prices