尼日利亚全股指数 (NSEAllShare) 加自选

Stanbic IBTC Bank Nigeria PMI从7月份的54.0升至2025年8月的54.2，标志着自2025年4月以来商业状况的最大改善。在客户需求增强和客户对新项目承诺提高的推动下，产量和新订单大幅增长，达到19个月来的最高水平。此外，随着企业为未来需求做准备，库存积累增加，而就业和采购活动继续上升，但速度较慢。另一方面，制造业是唯一产出停滞的行业，而企业五个月来首次减少了未完成业务。在价格方面，投入成本增长放缓，产出价格以五年多来最慢的速度上涨。总体而言，受新订单增加、分行开业和营销举措预期的支撑，商业信心略有下降，但仍保持乐观。

The Stanbic IBTC Bank Nigeria PMI rose to 54.2 in August 2025 from 54.0 in July, signaling the strongest improvement in business conditions since April 2025. Output and new orders expanded sharply, reaching it’s highest levels in 19 months, driven by stronger customer demand and improved client commitment to new projects. In addition, inventory accumulation increased as firms prepared for future demand, while employment and purchasing activity continued to rise, but at softer rates. On the other hand, manufacturing was the only sector where output stagnated, while firms reduced outstanding business for the first time in five months. On the price front, input cost growth slowed, and output prices rose at the weakest pace in over five years. Overall, business confidence eased slightly but remained positive, underpinned by expectations of higher new orders, branch openings, and marketing initiatives.

尼日利亚的年通货膨胀率在2025年7月连续第四个月放缓至21.88%，为2023年1月以来的最低水平，从6月的22.22%降至21.88%，这得益于货币稳定和汽油价格下跌。然而，食品通胀是通胀篮子中最大的组成部分，连续第二个月加速至22.74%，而前一个月为21.97%。剔除农产品和能源价格波动的核心通胀率从6月份的22.76%降至7月份的21.30%。7月份CPI环比上涨1.99%，而前一个月上涨1.68%。

Nigeria’s annual inflation rate decelerated for the fourth month to 21.88% in July 2025, the lowest level since January 2023, from 22.22% in June, helped by currency stability and a drop in gasoline prices. However, food inflation, the largest component of the inflation basket, accelerated for the second month to 22.74%, from 21.97% the month before. The core inflation rate, which strips out the volatile prices of agricultural produce and energy, slowed to 21.30% in July from 22.76% in June. On a monthly basis, the CPI rose by 1.99% in July, after increasing by 1.68% in the prior month.

2025年第一季度，尼日利亚经济同比增长3.13%，高于去年同期的2.27%。服务业仍然是主要的增长引擎，增长4.33%，对GDP的贡献率为57.5%。在服务业中，电信和信息服务业强劲增长7.40%，占总产出的10.59%。工业部门进一步增长，增长3.42%（2024年第一季度为2.35%）。然而，石油行业的增长放缓至1.87%（相比4.71%）。与此同时，制造业温和回升1.69%（相比0.11%），对GDP的贡献率为9.62%。主要驱动因素包括食品、饮料和烟草、化学和药品以及水泥。此外，农业部门小幅上涨0.07%，从2024年第一季度1.79%的收缩中反弹。

Nigeria’s economy expanded by 3.13% year-on-year in the first quarter of 2025, accelerating from 2.27% in the same period last year. The services sector remained the key growth engine, rising 4.33% and contributing 57.5% to GDP. Within services, telecommunications and information services posted a robust 7.40% expansion, accounting for 10.59% of overall output. The industrial sector gained further traction, rising 3.42% (vs. 2.35% in Q1 2024). However, growth in the oil sector moderated to 1.87% (vs. 4.71%). Meanwhile, the manufacturing sector recorded a modest pickup of 1.69% (vs. 0.11%), contributing 9.62% to GDP. Key drivers included food, beverage and tobacco, chemical and pharmaceutical products, and cement. Moreover, the agriculture sector edged up 0.07%, rebounding from a 1.79% contraction in Q1 2024.

尼日利亚央行于2025年7月22日将关键利率维持在27.5%不变，连续第三次保持稳定。尼日利亚6月份的年通货膨胀率降至22.22%，为2023年4月以来的最低水平，也是连续第三个月下降。然而，6月份的核心通胀率从5月份的22.28%微升至22.76%，而环比通胀率小幅上升至1.68%。央行还强调了全球贸易紧张局势和地缘政治波动带来的风险，特别是美国关税的潜在价格影响，这可能会加剧进口通胀压力。在此背景下，货币政策委员会强调了保持稳定的货币政策立场以确保全面解除通胀冲击的重要性。

Nigeria's central bank kept its key interest rate unchanged at 27.5% on July 22, 2025, holding steady for a third consecutive meeting. Nigeria’s annual inflation rate eased to 22.22% in June — the lowest reading since April 2023 and the third consecutive monthly decline. However, core inflation inched higher to 22.76% in June from 22.28% in May, while month-on-month inflation rose slightly to 1.68%. The central bank also highlighted risks stemming from global trade tensions and geopolitical volatility, notably the potential price impacts from US tariffs, which could fuel imported inflationary pressures. Against this backdrop, the MPC underscored the importance of maintaining a steady monetary policy stance to ensure the full unwinding of inflationary shocks.