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Nigeria
46
Moderate
Risk
Risk
#31
of 171
Riskier
than 82% of currencies
36
global avg score
$355
$1,000 in 5 years
Impact on Citizens
Citizens need their money to grow at least 24.5% per year to not lose purchasing power. Every NGN 100 saved today will only buy 81 worth of goods next year.See savings calculator ↓
Economic Indicators
Inflation Rate
23.0%
Debt to GDP
Not available
GDP Growth
4.0%
Broad Money / GDP
25.1%
Banking & Stability
NPL Ratio
8.1%
Reserve Months
7.1
Current Account
4.8%
FX Volatility
25.2
Governance & Markets
Rule of Law
-0.9
Black Market Premium
15.0%
Capital Controls
70.0
Peg Fragility
Not available
Currency Structure
Global Currency Role
70.0
FX Regime
managed float
Data Coverage
83.0%
Savings Impact Calculator
₦
Holding cash in NGN23.0% inflation
₦355−₦645 (64% purchasing power lost)
Your ₦1,000 buys 64% less in 5 years
What if you invested ₦1,000 instead? (5yr, in NGN terms)
USD-denominated assets gain an additional ~20.0%/yr from expected NGN depreciation vs USD
Hold USD Cash
₦2193
+₦1193
+17.0%/yr net in NGN
S&P 500
₦3714
+₦2714
range: ₦1926–₦6636
10% USD return + 20.0% FX · ±16% vol
Gold
₦3437
+₦2437
range: ₦1217–₦8116
8% USD return + 20.0% FX · ±24% vol
Bitcoin
₦6412
+₦5412
range: ₦624–₦31.2k
25% USD return + 20.0% FX · ±54% vol
All values in NGN. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~20.0%/yr based on the inflation differential between Nigeria (23.0%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.
Data last updated: 2026-07-03