The Central Bank of Nigeria released its November 2025 Households Expectations Survey, showing overall consumer sentiment rose to 1.9 index points, marking the first return to optimism among respondents since May 2024. The Economic Condition index increased to 6.3 index points from 3.3 in October 2025, while Family Income Sentiment improved to 9.8 index points from 6.0. By contrast, the Family Financial Situation Index remained negative at -10.3 index points. Forward-looking readings pointed to rising optimism, with indices of 8.2 for the next month, 15.4 for the next three months and 20.9 for the next six months (May 2026). On prices, sentiment on price changes stood at -2.0 index points, reflecting a perception that prices were high alongside expectations of a modest decline in the next month; the average sentiment index for selected items eased to 24.7 index points from 26.8, and respondents viewed Food and Other household items as low-priced at -32.5 index points, a sentiment expected to persist over the next three months.
Central Bank of Nigeria 2025-12-16
Central Bank of Nigeria publishes November 2025 household expectations survey showing consumer sentiment turns positive at 1.9 index points
The Central Bank of Nigeria's November 2025 Households Expectations Survey indicates a rise in consumer sentiment to 1.9 index points, marking renewed optimism since May 2024. Economic Condition and Family Income Sentiment indices improved, while the Family Financial Situation Index remained negative. Forward-looking indices suggest increasing optimism, despite perceptions of high prices and expectations of modest declines.