Slight decrease in the Commodities Market Index
The commodities market experienced a mixed performace last week. The AFEX Commodities Index (ACI), which monitors domestic commodity trends, noted a slight decrease, closing at 62.25points. On the hand, the AFEX Export Index (AEI) saw an increase, closing at 78.01 points.
Market activities on the Africa Exchange was red. The number of deals traded fell by 18.18% . The volume of commodities traded plummeted by 75.10%, closing at 5,450.00 kg, similarly, the total value of trades went down by 56.54% , ending the week at 4.98 million.
The AFEX’s year-on-year forecasting remains favorable as the exchange anticipates price increases in a range of commodities, generating prospective investment opportunities.
As per the CPI report from June 2025, published by the National Bureau of Statistics (NBS), Nigeria’s headline inflation has decreased to 22.22% year-on-year in June 2025, down by 0.75% from the 22.97% inflation rate reported in May 2025. This reduction in inflation is attributed to a slowdown in food inflation, which was at 21.97% in June 2025, along with a drop in energy costs. Further examination revealed that the top three contributors to the year-on-year headline inflation in June were food & non-alcoholic beverages, restaurants & accommodation services, and transport services.
Despite this, Nigeria’s economic outlook is still tough, with GDP per capita showing significant decline over the last decade. From a high of USD 3,220, it has plummeted by 285% to USD 835.49 in 2025, reflecting a 4.74% decrease compared to USD 877.07 in 2024. Similarly, the NESG Chief Economist and Director of Research mentioned during his 2025 Macro Economic Outlook presentation that a GDP growth rate of 5.5% is possible if Nigeria maintains stability-focused reforms. However, ineffective policy execution and economic challenges could restrict growth to 3.4%, and a rollback of reforms might see it drop to 2.7%. The effectiveness of policy implementation in 2025 will be crucial in determining whether Nigeria achieves its stabilization objectives or falls short.
