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Abuja, Nigeria. November 18th, 2014 – Latest snap poll results released by NOIPolls Limited have revealed that slightly more than half (51%) of adult Nigerians surveyed currently pay to live in a rented apartment, while a considerable proportion of adult Nigerians (31%) claimed “they live in their personal house”which may have been built, bought or even inherited. More findings revealed that the vast majority of Nigerians(85%) have shown keen interest in mortgaging as an option of owning personal houses. On the contrary, 15%would not consider owning a house through mortgage financing mainly due to “unstable income”. An assessment on the amount paid in rent revealed that irrespective of geo-political zone, the larger proportion of Nigerians(40%) mainly pay between ‘N20,001 – N100,000′ as rent yearly; though a considerable proportion of residents especially in the North-Central zone pay much higher. In addition, half (50%) of the respondents interviewed showed awareness of mortgage as an option of owning a house in the country. These were some of the key findings from the Housing Snap Poll conducted in the week of November 10th 2014. Brief Background Housing as a basic human need and as very vital aspect of any country’s economy can be examined in terms of quality and quantity. While the quality of housing is an important factor within Nigeria, the challenge of housing delivery is mostly seen in the shortage of housing stock i.e. housing quantity. The problems of the population explosion, rural-urban migration and lack of basic infrastructure required for a good standard of living have compounded housing problems in Nigeria over the years. Although the government at various times have instituted policies and programs to meet the housing demands of Nigerians, adequate housing delivery is still a far cry away as a result of certain factors such as; poor environmental quality, corruption, bureaucracy, inconsistency of policies, poor implementation of housing programs and high cost of building materials.[1][1] While the role of finance in housing provision cannot be overemphasized, it is worthy of note that access to such finance by a large proportion of the population who are low and middle income earners is still a mirage. High interest rates and lack of commitment on the part of commercial banks to finance housing projects or long term mortgage loans are militating against a stable housing finance system.[2][2] In light of this, efforts are continually being made to increase the housing stock and housing delivery to Nigerians by private developers, consortiums and government by way of low cost housing schemes. For instance the Federal Government recently launched the first 10,000 mortgages for the commencement of the Presidential Initiative on the delivery of affordable housing units to Nigerians as part of the Federal Government’s effort to fulfil its promise of providing affordable houses to Nigerians.[3][3] Against this background, NOIPolls conducted its Housing Snap Poll to assess the current housing status of Nigerians and ascertain awareness on mortgage as an option of owning a house in Nigeria. Key Findings Respondents to the poll were asked five specific questions. With the aim of ascertaining the current state of accommodation in Nigeria, respondents were required to provide their accommodation status. Findings revealed that slightly more than half (51%) of the respondents indicated ‘they currently pay to live in a rented apartment’ while 31% confirmed that ‘they live in their personal house’; respondents in this category may have built or purchased their houses or may have acquired it by inheritance. In addition, 11% claimed they ‘live with family/friend in a personal house’ while 4% reported they ‘live with family/friend in a rented house’ Analysis by geo-political zone revealed that a higher proportion of residents in the South-East (66%), South-South (62%), South-West (59%) and North-Central (51%) currently pay to live in rented apartments. On the other hand, almost an equal proportion of residents in the North-West and North-East zones either own their houses or pay to live in a rented apartment. To ascertain the amount paid as rent, respondents who currently live in a rented apartment (51% of the total) were further asked: Thinking about the cost of housing, what is the cost of renting your house yearly? The outcome establishes that the larger proportion(40%) of those who live in a rented house pay between ’N20,001 – N100,000’ as rent yearly. This is followed by 16% of the respondents who affirmed they pay between ‘100,001 – 180,000′ and 12% who admitted they pay between ‘N180,001 – N260,000′ as rent yearly. Only 9% of the respondents surveyed acknowledged that they pay ‘N340,000′ and above as rent yearly Evaluation from the geo-political zone standpoint shows that the standard range of amount paid on rent across all geopolitical zones is between ‘N20,001 – N100,000′ yearly, however, the North-East zone has the highest proportion (52%) of respondents who pay between’N20,001 – N100,000′ as rent yearly. In addition, the South-East zone accounted for the highest proportion (23%) of respondents who pay between ‘N100,001 – N180,000′; the South-South zone has the highest proportion (21%) of residents who pay between ‘N180,001 – N260,000′while the North-Central zone accounted for the highest proportion (19%) of respondents who pay ‘N340,000′ Naira and above as rent yearly. With the aim of measuring the awareness of Nigerians on housing mortgage[1][4], respondents were asked: Are you aware of mortgage as an option of owning a house in Nigeria? The outcome reveals that half (50%) of adult Nigerians surveyed are aware of mortgage as an option of owning a house in the country this cuts across gender and geo-political zone. Further analysis by age revealed that respondents aged 60 years and above showed more awareness on mortgage as option of owning a house, whereas respondents aged 18 – 21 years were least aware of mortgage in Nigeria. Respondents who were not aware of mortgage were introduced to the concept and all respondents were further asked: Would you consider owning a house through mortgage financing? The findings indicate that more than 8 in 10 Nigerians would like to own a house through mortgage financing and this cuts across gender and geo-political zones. On the contrary, 15% of those interviewed would not consider owning a house through mortgage financing. It is also worthy to note that respondents aged between 18 – 21 years are least interested in owning a house through mortgage (57%). Finally, respondents who would not consider owning a house through mortgage (15% of the total) were further asked: Why would you not consider using mortgage financing for owning a house? Responses revealed that a higher proportion of respondents (28%) who would not consider owning a house through mortgage stated ‘they do not have a stable income’, (18%) affirmed that ‘they are not interested’, (17%) would not consider mortgage due to “High interest rate on mortgage loan” while (12%) believe owning a house through mortgage financing ‘is expensive’ More female (31%) than male (20%) respondents who would not consider mortgage as an option for owning a house ‘do not have a stable income’. Further analysis by geo-political zone shows that the highest proportion of respondents who would not consider mortgage financing due to unstable income were from the South-West (42%) and South-East (41%) zones, while a higher proportion of residents in the North-East zone who would not consider mortgage as an option of owning a house are either ‘not interested’ (58%) or believe mortgage loans attracts‘high interest rate’ (42%). In conclusion, the recent poll results have revealed that 51% of adult Nigerians surveyed claimed that ‘they currently pay to live in a rented apartment’ while 31% reported ‘they live in their personal house’. More findings revealed that the majority (40%) of Nigerians who live in a rented house pay between ‘₦20,001 – ₦100,000’ as rent yearly. Further findings show that half (50%) of the respondents interviewed are aware of mortgage as an option of owning a house in the country while, 50% stated that they are not aware of such option. In addition, 85%of Nigerians would like to own a house through mortgage financing and this cuts across gender and geo-political zones. On the contrary, 15% were not willing to consider owning a house through mortgage financing as a higher proportion of respondents in this category claimed ‘they do not have a stable income’. Survey Methods The opinion poll was conducted in the week of 10th November 2014. It involved telephone interviews of a random nationwide sample. 1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. NOIPolls Limited, No1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. November 11th, 2014 –The Portfolio of Indices report released by NOIPolls Limited for the month of October 2014 reveals that the NOIPolls Personal Well-Being Index(PWBI) slightly decreased by 0.6-point to stand at 45-points. In addition, there was a decline in all the indicators that comprise the PWBI except for the Social Interaction and Personal Religion Indices which both experienced an increase of 1-point and 0.2-point respectively. Further findings reveal that the Present Situation Index (PSI) and the Expectation Index (EI), the two indicators that make up the NOIPolls Consumer Confidence Index (CCI), increased by0.4-point and 0.2-point respectively, thus bringing the CCI to 71.6-points in October 2014. These are the key highlights from the October Portfolio of Indices Result Release. In February 2014, NOIPolls Limited introduced its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI). The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being. The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future. The NOIPolls Eagle 30 Business Confidence Index measures business leaders’ perceptions and expectations about the Nigerian business environment using the top 30 companies in the country. Nigerian businesses, financial and government agencies largely depend on their perceptions and micro assessment of consumers’ expectation in making decisions. At best, they draw conclusions on the business environment based on information from their immediate surroundings while the minorities conduct surveys that are time and money consuming. However, the introduction of these indices provide indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy, and the business environment in Nigeria. This report presents the October 2014 results for the NOIPolls Personal Well-Being Index (PWBI) and NOIPolls Consumer Confidence Index (CCI). The NOIPolls Personal Well-Being Index (PWBI The NOIPolls Personal Well-Being Index for October 2014 declined by 0.6-point to stand at45-points, following the attainment of its peak in September when it stood at 45.6-points. Analysis of the individual indicators that make up the PWBI reveals differences in perception and satisfaction of Nigerians on several areas of their lives. Nigerians are most satisfied with their Physical Health (74.9-points), Social Interaction (79.2-points), andReligion (89.4-points). Nigerians are somewhat neutral about their Standard of Living(51.3-points), Achievement in Life (54.3-points) and Personal Security (59.2-points), while Nigerians are not satisfied with their Personal Economic Situation (43.2-points). This index has continued to be the lowest ranked indicator since January 2014. Monthly trend analysis shows that almost all of the indicators that makeup the PWBIexperienced a decline with the highest seen in the Achievement in Life index with 2.5-points. This may have been influenced by the realisation of the year coming to an end where individuals are likely to appraise their achievement of goals set at the beginning of the year. On the other hand, the Social Interaction index and Religion index were the only indicators that experienced an increase in the month of October 2014 with 1-point and 0.2-point respectively. Further findings from trend analysis show that the NOIPolls PWBI assumed a downward direction in October following an upward trend in the three months of the third quarter (Q3) of 2014, where it peaked in September. Although the NOIPolls PWBI experienced a slight decrease of 0.6-point in October 2014, however, it still remains the second highest for the year. Additionally, the PWBI average from January 2014 till date is 42.9-points; PWBI for the month of October 2014 is 2.1-points above this average. To read more on NOIPolls Personal Well-Being Index for October, click here The NOIPolls Consumer Confidence Index (CCI) The NOIPolls Consumer Confidence Index for October 2014 increased by 0.3-point to 71.6-points. This represents a continuous increase since August 2014; suggesting that Nigerians have maintained a positive disposition about their current situation and are also hopeful for a promising future. The NOIPolls Consumer Confidence Index comprises of 2 independent variables; the Present Situation Index (PSI) and Expectation Index (EI). The PSI slightly increased by 0.4-point to stand at 63.2-points, revealing that Nigerians are quite confident of the present economic situation. The EI also increased by 0.2-point to currently stand at 77.9-points, implying that consumers are very optimistic about the future. Trend analysis reveals that the overall CCI has maintained an upward trend from August 2014 with a total increase of by 0.9-point. The CCI average since January 2014 is 72.9-points,inferring that the CCI for October 2014 is 1.3-points below the average. To read more on NOIPolls Consumer Confidence Index for October, click here In conclusion, current poll results have revealed that the NOIPolls Personal Well-Being Index(PWBI) slightly decreased by 0.6-point to stand at 45-points in October 2014, with all the indicators that comprise the PWBI experiencing a decrease, except the Social Interaction Index and the Religion Index. Comparably, the NOIPolls Consumer Confidence Index forOctober 2014 increased by 0.3-point to stand at 71.6-points. More findings show that the Present Situation Index (PSI) and the Expectation Index (EI) both increased by 0.4-point and0.2-point respectively. Survey Methods The Personal Well-Being Index and Consumer Confidence Index Polls were conducted in the month of October 2014. The PWBI involved telephone interviews of a random nationwide sample. 1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. In addition the CCI involved telephone interviews of a random nationwide sample. 4,000randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 2%. NOIPolls Limited, No1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. November 4th, 2014 – Latest governance poll results released by NOIPolls for the month of October 2014 revealed that a total of 60% of Adult Nigerians approved of the President’s performance over the past one month; indicating a substantial 14-points decline in the President’s approval rating from September 2014 where it hit its peak at 74%. In line with this, a general decline was experienced in the approval rating of the President across all geo-political zones with the greatest decline seen in the North- East (28-points) and the North-West (26-points) zones. This substantial decline in the rating of the President especially in the Northern regions may have been driven by the dashed hopes of Nigerians from failed achievements in pertinent security actions which would have been major breakthroughs in the area of Security; for instance the failure of the ‘cease fire’ deal between the Government and‘Boko Haram’ insurgents, as well as failure in the release of the ‘Chibok school girls’ after reassurance of their possible release in October.[1] Still in the bid to assess the President’s performance, findings revealed that Nigerians perceived the performance of the President in key elements of his transformation agenda including, ‘Job Creation’, ‘Power’ ‘Economy’, ‘Health’, ‘Education’, ‘Agriculture & Food Security’, ‘Transportation’ and ‘Foreign Policy & Diplomacy’ as average (3).  However, his performance on ‘Security’ was rated as very poor, implying that Nigerians are not satisfied with his achievement on this key area of his transformation agenda. In addition, an assessment of the current state of power revealed a worsened state in power supply to Nigerian households as reported by (47%) of the respondents with a higher proportion from the North-Central zone(58%). This poor state of power supply experienced by households across the nation was generally due to the drop in generated power by 1,000 megawatts in October 2014. Finally, this setback in power supply also contributed to the downward direction of the President’s approval rating in October. These were some of the key findings from the Governance Snap Poll conducted in week of October 27th 2014. These results represent the tenth in the 2014 monthly series of governance polls conducted by NOIPolls to gauge the opinions and perceptions of Nigerians regarding the approval rating of the President, the performance of the President on key elements of his transformation agenda, and the state of power supply in the country. Respondents to the poll were asked three specific questions. The first sought to assess the views of Nigerians on the performance of President Goodluck Jonathan over the past 1 month. Respondents were asked: Do you approve or disapprove of the job performance of President Jonathan in the past 1 month? Responses revealed that a total of 60% of the respondents approved of the President’s performance, 27% disapproved of his performance, while 13% of the respondents remained neutral as they neither approved nor disapproved. An analysis of the President’s performance by geo-political zone reveals that the South-Eastzone (88%: 28%+60%) has the highest proportion of respondents who approved of the President’s job performance and this rating generally impacted on the overall rating of the President. The North-West zone accounted for the largest proportion of respondents who disapproved of the president’s job performance (47%: 36%+11%). A three-month trend analysis (August to October 2014) of the President’s job approval rating by geo-political zone highlights a general decline in the approval rating of the president across all geo-political zones. In line with this, the greatest decline in the President’s approval rating was seen in the North-East (28-points) and the North-West (26-points) zones. This substantial decline in the President’s approval rating especially in the Northern regions may have been as a result of the diminished hopes of Nigerians due to failed achievements in pertinent security actions; such as the ‘cease fire’ deal between the Government and ‘Boko Haram’ insurgents, as well as failure in the release of the ‘Chibok school girls’ after reassurance of their possible release in October.[2]  This decline may also have been as a result of the obvious worsened state of power experienced all over the nation over the past one month as shown in a subsequent chart. Further monthly trend assessment of the President’s approval rating reveals a substantial 14-points decline in the President’s approval rating in October from September 2014 where the approval rating of the President was recorded at 74%. Furthermore, the current rating (60%) of the President was almost similar with ratings in the previous months; such as in August (61%)and July (62%) before the high increase recorded in September 2014 (74%) due to some major achievements especially in health, as seen in the NOIPolls Governance Result Release for September 2014.[3] To see approval ratings over 22 months, please click here With the aim of measuring the performance of the President on pertinent elements of his transformation agenda, respondents were asked: On a scale of 1 to 5, where 1 is very poor and 5 is excellent, how would you rate the performance of the President Jonathan in the following areas?  (1) Job Creation (2) Power (3) Economy (4) Health (5) Education (6) Agriculture & Food Security (7) Transportation (8) Foreign Policy & Diplomacy and (9) Security.   Nigerians perceived the performance of the President in ‘Job creation’, ‘Power’, ‘Economy’, ‘Health’, ‘Education’, ‘Agriculture & Food Security’, ‘Transportation’ and ‘Foreign Policy & Diplomacy’ as average (3).  However, his performance on ‘Security’ was rated as very poor thus implying that Nigerians are not satisfied with his achievement on this key area of his transformation agenda. Monthly trend analysis reveals that the President’s performance rating on ‘Job Creation’ ‘Power’ ‘Economy’, ‘Health’, ‘Education’, ‘Transportation’ and ‘Foreign Policy & Diplomacy’maintained an average rating from the previous month. However his performance rating in Agriculture & Food Security’, dropped from a good rating (4) in the previous month to an average rating in October, while his rating on security continued to maintain a very poor rating as in the last nine months. Finally, with the aim of assessing the state of power supply to Nigerian households over the past month, respondents were asked: How would you describe power supply in your area in the last 1 month?  Findings revealed a worsened state in power supply to Nigerian households as almost half (47%: 26%+21%) of the respondents reported a poor state of power supply to their household over the past month. A total of 36% (26%+10%) of Nigerians saw an improvement in power supply, while 17% of the respondents saw no difference in the state of power supply over the past month. Analysis by geo-political zones revealed that a higher proportion of Nigerian households across all geo-political zones experienced a poor state in power supply over the past one month except for the South-West zone where an equal proportion of households experienced a poor state (39%) and improvement (39%) in power supply over the past one month. TheNorth-Central zone accounted for the highest proportion (58%) of respondents who experienced a poor state in power supply, while the North-West zone (42%) recorded the highest proportion of the respondents who saw improvements over the past month. Further trend analysis revealed an obvious worsened state of power supply to Nigerian households in October from the previous month. This is evidenced by a significant 16-pointdecline in the proportion of Nigerians who experienced an improvement in power supply to their households in October (36%) from September 2014 where improvement was recorded at52%. This poor state of power supply experienced by households across the nation was generally due to the drop in generated power by 1,000 megawatts. This is evidenced by figures released by the Federal Ministry of Power where the country’s peak generation in October 2014 dropped from 3,513.5MW to 2,500MW, against a peak demand of 12,800MW.[4] In conclusion, findings from this poll revealed that 60% of adult Nigerians approved of the President’s performance over the past month. These findings depict a 14-point decline in his approval rating in October from September 2014 where it was recorded at 74%. Based on the  rating of key elements of his transformation agenda,  the President had an average ranking in his performance in ‘Job Creation’, ‘Power’, ‘Economy’, ‘Health’, ‘Education’, ‘Agriculture & Food Security’, ‘Transportation’ and ‘Foreign Policy & Diplomacy’ as average (3).  However, his performance on ‘Security’ was rated as very poor in October 2014. An assessment of the current state of power revealed that a worsened state of power was generally experienced across the nation in October; this is evidenced by a 16-point decline in the proportion of respondents who experienced an improvement in power supply in October (36%) from September 2014 (52%).  Finally, the current security challenges, as well as the general poor state of power in October negatively impacted the approval rating of the President, with a resulting decline by 14-points. Survey Methods The opinion poll was conducted in the week of October 27th 2014. It involved telephone interviews of a random nationwide sample. 1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. NOIPolls Limited, No1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. October 14th, 2014 –The Portfolio of Indices report revealed that the NOIPolls Personal Well-Being Index (PWBI) increased by 2.3-points to stand at 45.6-points in September 2014, a peak position so far in 2014. In addition, there was an increase in all indicators that comprise the PWBI with the highest increase observed in the Personal Security Index with 7.2-points. Furthermore, the NOIPolls Consumer Confidence Index (CCI) increased slightly by 0.6-point to stand at 71.3-points in September 2014. Further analysis of the two indicators that make up the CCI revealed that the Present Situation Index (PSI) increased by2.3-points while the Expectation Index (EI) declined by 0.6-point. These are the key highlights from the September Portfolio of Indices Press Release. NOIPolls Limited introduced its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI). The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being. The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future. The NOIPolls Eagle 30 Business Confidence Index measures business leaders’ perceptions and expectations about the Nigerian business environment using the top 30 companies in the country. Nigerian businesses, financial and government agencies largely depend on their perceptions and micro assessment of consumers’ expectation in making decisions. At best, they draw conclusion on the business environment based on information from their immediate surroundings while the minority conducts surveys that are time and money consuming. However, the introduction of these indices provides indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy, and the business environment in Nigeria. This report presents the September 2014 results for the NOIPolls Personal Well-Being Index (PWBI) and NOIPolls Consumer Confidence Index (CCI). The NOIPolls Personal Well-Being Index (PWBI) The NOIPolls Personal Well-Being Index for September 2014 increased by 2.3-points to stand at 45.6 points. This represents the highest point attained so far in 2014 and also the highest increase over a month interval. Analysis of the individual indicators shows increases in the perception of Nigerians across all measured indicators that comprise the PWBI. Nigerians are most satisfied in terms of Religion(89.2-points); Social Interaction(78.2-points), Physical Health (75.4-points) and Personal Security (60.2-points) Additionally, Nigerians are somewhat neutral with respect to their Achievement in Life(56.8-points) and Standard of Living (53.1-points). On the other hand, Nigerians remain discontented with their Personal Economic Situation (43.4-points); this has remained the lowest ranked indicator since January 2014 despite a 3-points increase this month. Monthly trend analysis shows that all the indicators that comprise the PWBI experienced an increase; the highest and lowest increases were observed in the Personal Security Index and Religion Index with 7.2-points and1.4-points respectively. Furthermore, the Personal Security Index is at the highest point so far in 2014 suggesting that Nigerians are presently more satisfied with their personal security. Further findings from trend analysis shows that the PWBI has been on the increase since July 2014 and experienced a substantial increase of 2.3-points in September 2014 which is the highest point (45.6-points)over nine months. Additionally, the average PWBI from January 2014 till date is 42.7-points and the current September reading is 2.9-points above this average. The NOIPolls Consumer Confidence Index The NOIPolls Consumer Confidence IndexThe NOIPolls Consumer Confidence Index for September 2014increased slightly by 0.6-point to stand at 71.3-points. In spite of this slight increase, the CCI remains high suggesting Nigerians remain positive about their current situation and are hopeful about the future. The NOIPolls Consumer Confidence Index comprises of 2 independent variables; the Present Situation Index(PSI) and Expectation Index (EI). The Present Situation Index experienced a 2.3-points increase and is currently at 62.8-points revealing that Nigerians are relatively confident about their present economic situation. In addition, the Expectation Index declined slightly by 0.6-point and currently stands at 77.7-points implying that consumers are highly optimistic about the future. Trend analysis shows that the overall CCI increased slightly by 0.6-point to 71.3-points in September 2014.The CCI average since January 2014 is 73.1-points, inferring that the CCI for September 2014 is 1.8-pointsbelow the average till date. Conclusion In conclusion, current poll results have revealed that the NOIPolls Personal Well-Being Index (PWBI) increased by 2.3-points to stand at 45.6 in September 2014; the highest point so far in 2014 and the highest month-on-month increase. In addition, in September all the indicators that comprise the PWBI experienced an increase indicating that Nigerians are more satisfied with all seven indicators than in August 2014. In addition, the NOIPolls Consumer Confidence Index for September 2014 increased slightly by 0.6-point to stand at 71.3-points; the Present Situation Index (PSI) increased by 2.3-points, while the Expectation Index (EI) declined by0.6-point. Survey Methods The Personal Well-Being Index and Consumer Confidence Index Polls were conducted in the month ofSeptember 2014. The PWBI involved telephone interviews of a random nationwide sample. 1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise within a range of plus or minus 3%. In addition the CCI involved telephone interviews of a random nationwide sample. 4,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 2%. NOIPolls Limited, No1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. September 8th, 2014 – The Portfolio of Indices report released by NOIPolls Limited has unveiled that the NOIPolls Personal Well-Being Index (PWBI) increased by 1.8-points to stand at 43.3-points in August 2014. Furthermore, there was a decline in 2 of the indicators that make up the Personal Well-being Index while increases were observed in the remaining 5 indicators. On the other hand, the NOIPolls Consumer Confidence Index for August 2014 declined by 0.5-point to stand at70.7-points. This decline is as a result of the slight decline in one of the indicators that make up the CCI, the Expectation Index (EI) which declined by 0.9-point while the Present Situation Index (PSI) increased by 0.1-point. These are the key highlights from the August 2014Portfolio of Indices Press Release. In February 2014, NOIPolls Limited introduced its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI). The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being. The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future. The NOIPolls Eagle 30 Business Confidence Index measures business leaders’ perceptions and expectations about the Nigerian business environment using the top 30 companies in the country. Nigerian businesses, financial and government agencies largely depend on their perceptions and micro assessment of consumers’ expectation in making decisions. At best, they draw conclusion on the business environment based on information from their immediate surroundings while the minority conduct surveys that are time and money consuming. However, the introduction of these indices provides indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy, and the business environment in Nigeria. This report presents the August 2014 results for the NOIPolls Personal Well-Being Index (PWBI) and NOIPolls Consumer Confidence Index (CCI). The NOIPolls Personal Well-Being Index (PWBI) The NOIPolls Personal Well-Being Index for August 2014 increased by 1.8-points to stand at43.3 points. Analysis of the individual indicators that make up the PWBI shows variances in the perception of Nigerians about their accomplishments on several aspects of their lives. Nigerians are most satisfied in terms of Religion (87.8-points) Social Interaction (75.8-points) and Physical Health (73.3-points). In addition, Nigerians are slightly neutral in terms of Achievement in Life (53.5-points), Standard of Living (50-points) and Personal Security (53.0-points). Furthermore, Nigerians are not fulfilled with their Personal Economic Situation (40.4-points); this index remains the lowest ranked indicator since January 2014. The monthly trend analysis revealed a decline in 2 of the indicators that constitute the Personal Well-being Index while increases were observed in 5 indicators; Standard of Living, Achievements in Life, Personal Security, Social interaction and Economic situation indices with2.7-points, 3.1-points, 3.8-points, 1.8-points and 4.8-points respectively. More findings from trend analysis show that the NOIPolls Personal Well Being Index experienced a much greater increase of 1.8-points in August 2014. Also, the PWBI average from January 2014 till date is 42.3-points; PWBI for the month of August 2014 is 1-pointabove this average. To read more on NOIPolls Personal Well-Being Index for July, click here The NOIPolls Consumer Confidence Index (CCI) The NOIPolls Consumer Confidence Index for August 2014 stood at 70.66 points; a 0.5-pointdecline from July 2014. However, in spite of the slight decline the CCI remains reasonably high implying that Nigerians are positive about their current personal situation and are hopeful about the future. The NOIPolls Consumer Confidence Index comprises of 2 independent variables; the Present Situation Index (PSI) and Expectation Index (EI). The Present Situation Index is currently at60.5-points showing that Nigerians are somewhat confident with respect to their present personal and economic situation. Similarly, the Expectation Index of 78.3-points shows that consumers are highly hopeful about the future. The PSI increased by 0.1-point while the EI declined by and 0.9-point in August 2014. Trend analysis reveals that overall the CCI declined by 0.5-point to stand at 70.7-points in the month of August 2014. The CCI average from January 2014 to August 2014 is 73.3-points, therefore CCI for the month of August 2014 is 2.6-points below the average till date. To read more on NOIPolls Consumer Confidence Index for July, click here Conclusion In conclusion, the current poll result has revealed that the NOIPolls Personal Well-Being Index(PWBI) further increased by 1.8-points to stand at 43.3-points in August 2014. Furthermore, there was a decline in 2 of the indicators that make up the Personal Well-being Index while increases were observed in the remaining 5 indicators; Standard of Living, Achievements in Life, Personal Security, Social Interaction and Economic Situation indices with 2.7-points, 3.1-points, 3.8-points, 1.8-points and 4.8-points respectively. More findings revealed that the NOIPolls Consumer Confidence Index for August 2014 declined by 0.5-points to stand at70.7-points. In addition, of the 2 indicators that make up the CCI; the Present Situation Index(PSI) and the Expectation Index (EI), the PSI increased by 0.1-point while the EI declined by0.9-point in August 2014. Survey Methods The Personal Well-Being Index and Consumer Confidence Index Polls were conducted in the month of August 2014. The PWBI involved telephone interviews of a random nationwide sample. 1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. In addition the CCI involved telephone interviews of a random nationwide sample. 4,000randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 2%. NOIPolls Limited, No1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. August 12th, 2014 – The Portfolio of Indices report released by NOIPolls Limited has revealed that the NOIPolls Personal Well-Being Index (PWBI) increased slightly by 0.1-point and stood at 41.5 points in the month of July 2014. Furthermore, there was a decline in three of the seven indicators that constitute the PWBI (Standard of living, Achievement in life & Economic situation), and an increase in three other indicators (Personal security, Social interaction & Religion); while the Health Indicator remained unchanged. Additionally, the Achievement in life index experienced the highest decline with 1.9-points, while the Personal Security Index experienced the largest increase with 1.4-points. More findings revealed that the NOIPolls Consumer Confidence Index (CCI) for July 2014 stood at 71.2 points; thereby indicating a 0.6-point decline from June 2014. The Present Situation index (PSI, 60.4 points) and the Expectation index (EI, 79.2 points), which are the two indicators that make up the CCI both experienced slight declines of 1.2-points and 0.1-point respectively. These are the key highlights from the July 2014 Portfolio of Indices Result Release. In February 2014, NOIPolls Limited introduced its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI). The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being. The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future. The NOIPolls Eagle 30 Business Confidence Index measures business leaders’ perceptions and expectations about the Nigerian business environment using the top 30 companies in the country. Nigerian businesses, financial and government agencies largely depend on their perceptions and micro assessment of consumers’ expectation in making decisions. At best, they draw conclusion on the business environment based on information from their immediate surroundings while the minority conducts surveys that are time and money consuming. However, the introduction of these indices provides indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy, and the business environment in Nigeria. This report presents the July 2014 results for the NOIPolls Personal Well-Being Index (PWBI) and NOIPolls Consumer Confidence Index (CCI). The NOIPolls Personal Well-Being Index (PWBI) The NOIPolls Personal Well-Being Index for July 2014 increased slightly by 0.1-point to stand at 41.5 points.Analysis of the individual indicators that make up the PWBI shows differences in the satisfaction of Nigerians on several aspects of their lives. Nigerians are most satisfied in terms of Religion (86.9 points); Social Interaction (73.9 points) and Physical Health (74.0 points). In addition, Nigerians are neutral in terms ofAchievement in Life (50.4 points), Standard of Living (47.3 points) and Personal Security (49.3 points) while Nigerians are not satisfied with their Personal Economic Situation (35.6 points). Furthermore, the Personal Economic Index has remained the lowest ranked indicator over the 19 month period that NOIPolls introduced the PWBI in January 2013. Monthly trend analysis reveals a decline in 3 of the indicators that constitute the PWBI; Achievement in life index with 1.9 points; Economic Situation index with 1.2-points and Standard of Living index with 0.5-point. Conversely, increases were observed in the Religion, Social interaction and Security indices; 1.2-points, 0.8-point and 1.4-points respectively. The Health index maintained the same rating as recorded in June 2014 More findings from trend analysis show that the NOIPolls Personal Well Being Index increased slightly by 0.1-point in July 2014. Furthermore, the average PWBI from January till July 2014 is 42.1 points and the PWBI for the month of July 2014 is 0.6-point below the average PWBI till date. To read more on NOIPolls Personal Well-Being Index for July, click here The NOIPolls Consumer Confidence Index (CCI) The NOIPolls Consumer Confidence Index for July 2014 stands at 71.2 points; decreasing by 0.6-point from June 2014. The relatively high score implies that Nigerians remain positive about their current personal situation, the economy and are also hopeful about their future. The NOIPolls Consumer Confidence Index comprises of 2 independent variables; the Present Situation Index (PSI) and Expectation Index (EI). The Present Situation Index is currently recorded at 60.4 points and the Expectation index at 79.2 points. The PSI and the EI declined by 1.2-points and 0.1-points respectively in July 2014. Trend assessment revealed that the overall CCI decreased by 0.6-point to 71.2 points in the month of July 2014. The average CCI from January to July 2014 is 73.3 points; the CCI for July 2014 is 2.1-points below the average till date. To read more on NOIPolls Consumer Confidence Index for July, click here. Conclusion In conclusion, this current poll results have revealed that the NOIPolls Personal Well-Being Index (PWBI) increased by 0.1-point to stand at 41.5 in July 2014. Furthermore, there was a decline in 3 of the indicators that make up the Personal Well-being Index while increases were observed in the Religion, Social Interaction and the Personal Security indices and the Health Index remained unchanged. Furthermore, the NOIPolls Consumer Confidence Index for July 2014 decreased by 0.6-point to stand at 71.2. More findings reveal that both the Present Situation Index (PSI) and the Expectation Index (EI), which are the two indicators that make up the CCI slightly declined by 1.1-points and 0.1-point respectively in July 2014. Survey Methods The Personal Well-Being Index and Consumer Confidence Index Polls were conducted in the month of July 2014. The PWBI involved telephone interviews of a random nationwide sample.1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. In addition the CCI involved telephone interviews of a random nationwide sample. 4,000randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 2%. NOIPolls Limited, No1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. July 22nd, 2014 – The Second Quarter (Q2) results of the Petrol Price Monitoring Polls conducted by NOIPolls revealed a significant 33-point decline in the proportion of Nigerians who bought petrol above the official pump price from April (76%) to June 2014 (43%). Background research indicated that normalcy in the supply of petrol across Nigeria was restored in April 2014[1] following the fuel scarcity experienced in Quarter 1. Further findings revealed thatthe South-East (80%) and North-East (74%)zones accounted for the highest proportion of respondents who bought petrol Above N97 in Q2. Also, the majority of respondents that bought petrol from major marketer filling stations (54%) bought at the official price of N97 whereas the majority (76%) of respondents who bought petrol from independent marketer filling stations bought at a price above the official pump price. In addition, slightly more than half of the respondents(57%) were of the opinion that petrol price disparity stems from lack of monitoring of petrol stations by the government. These are some of the findings of the Petrol Price Monitoring Polls conducted in Quarter 2, 2014. In January 2012, the Petroleum Products Pricing Regulatory Agency (PPPRA) along with the government announced an increase in the price of petrol from N65 to N141 as a result of the removal of subsidy for the reason that over a trillion Naira had been spent in 2011 on subsidy. Subsidy has been defined as money given by the State or Public Body to maintain low cost of commodities. Some critics view subsidy as a form of ‘protectionism’ or trade barrier because domestic goods are made affordable on an artificial basis. Within the Nigerian petroleum pricing context, the subsidy would then mean selling petrol below the cost of production or importation. The removal of the fuel subsidy led to days of protest by Nigerians led by organised labour and civil societies who were unhappy about the potential hardship this action would cause Nigerians and the lack of notice by the government to implement such plans. In line with this, the government as a stop-gap measure partially removed subsidy, thereby bringing the official pump price of petrol to N97. The key objective of the Petrol Price Monitoring Poll series is to monitor and analyze the pump prices paid by Nigerians nationwide, as well as to measure the perception of Nigerians about petrol price disparities, the uses of petrol and the removal of fuel subsidies. Key Findings Over 1,500 respondents were interviewed in the three months of Quarter 2 (April – June 2014) and the respondents were asked the same ten questions for each monthly poll, four of these questions will be reviewed in this press release. For full details of the findings, please e-mail: editor@noi-polls.com. With the aim of identifying the main point of purchase of petrol, respondents were asked: Where do you mainly buy petrol? More than half of the respondents who buy petrol (57%) buy from major marketer filling stations. In addition, 34% buy petrol from independent marketer filling stations while 9% buy from petrol hawkers. The South-West (69%) and North-Central (68%) zones, account for the highest proportion of respondents who purchase petrol from major marketer filling stations. The South-East zone (50%) recorded the highest percentage of respondents who mainly purchase petrol from independent marketer filling stations, while the North West and North-East zones, account for the highest proportion of respondents who mainly purchase petrol from hawkers with 16% each. [1] http://www.nnpcgroup.com/ Monthly trend analysis revealed a continuous increase in the proportion of respondents that purchase petrol from major marketer filling station from April (53%) to June (62%) with a total of 9-points increase over Quarter 2. Also April recorded the highest period of purchase of petrol by respondent from petrol hawkers compared to May and June 2014 In assessing the price at which consumers normally buy petrol, respondents were asked: How much do you normally buy a litre of petrol? Responses revealed that an average of 39% of the respondents purchased petrol at the official price of N97 in Q2 2014, while an aggregate of 61% bought above the official price and of these 18% purchased at N120 per litre while 11% bought at N100. The South-West (59%) and North-Central (57%) zones, account for the highest proportion of respondents who mainly buy petrol at N97. Trend analysis across the 3 months in Q2 revealed a progressive increase in the proportion of respondents who buy petrol at the official price N97 from April (24%) to June (56%) 2014 with a total 32-point increase. This highlights the stability in petrol supply in June where more respondents purchased petrol at the official price compared with April 2014. Further quarterly assessments revealed that more respondents bought petrol above the official price in Q2(60%) compared to Q1 (53%), this is likely due to the fact that more respondents bought petrol from independent marketer filling stations and slightly more from petrol hawkers than from major marketer filling stations in Q2 when compared to Q1 . An assessment of the price paid per litre of petrol by point of purchase revealed that the majority of respondents who bought petrol from major marketer filling stations (54%) purchased at the official price of N97. The majority (76%) of respondents who bought petrol from Independent marketer filling stations bought at a price above the official pump price with most (23%) buying at N120. In addition, the majority of respondents who bought petrol from hawkers (48%) bought petrol above N130. To gauge the opinions of Nigerians regarding possible reasons for the petrol price disparity in Nigeria, respondents were asked: What do you think is responsible for the difference in the pump price of petrol across filling stations? Responses revealed that slightly more than half of the respondents (57%) were of the opinion that petrol price disparity results from lack of monitoring of petrol stations by the Government. The South-East (61%) zone accounts for the highest proportion of this group. In addition, 23% of the respondents reported that disparity in petrol price across Nigeria stems from the hoarding of petrol by petrol stations in order to exploit the public, while 19% of the respondents were of the opinion that the differences in the cost of importing petrol gave rise to petrol price disparity. In order to assess the level of support for the removal of the fuel subsidy, respondents were asked the g question:Are you in support of the Government’s decision to remove the fuel subsidy? Findings revealed that slightly above half (53%) of the respondents are NOT in support of fuel subsidy removal. The South-East zone(61%) accounts for the highest proportion of respondents who do not suport fuel subsidy removal. In addition, 47% of the respondents indicated support for the fuel subsidy removal and support was highest in the North-West zone (64%). In conclusion, findings from this series of polls have revealed that an average of 60% of respondents purchased petrol above the official price in the second quarter of 2014; a 7-point increase from Q1 2014. More findings revealed a continuous decrease in the proportion of respondents who bought petrol above the official price N97from April (76%) to June 2014 (43%), with a total of 33-point decline. The South-West (59%) and North-Central (57%) zones account for the highest proportion of respondents who bought petrol at N97 in Q2.Furthermore, 54% of the respondents who bought petrol from major marketer filling stations purchased petrol at the official price of N97 and the majority (76%) of respondents who bought petrol from independent marketer filling stations bought at a price above the official pump price. In addition, 57% of the respondents think petrol price disparity results from lack of monitoring of petrol stations by the Government. Survey Methods The opinion poll was conducted monthly over the second quarter of 2014; April to June 2014. It involved telephone interviews of a random nationwide sample of over 1,500 phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. NOIPolls Limited is Nigeria’s leading opinion polling and research organisation, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. July 8th, 2014 – In June 2014, the NOIPolls Personal Well-Being Index (PWBI) declined by 1.6-points to stand at 41.4 while the NOIPolls Consumer Confidence Index (CCI) also declined slightly by 1.6–points to stand at 69.5. Furthermore, there was a decline in five of the seven indicators that make up the Personal Well-Being Index, whilst the last two indicators; the Religion Index experienced a slight increase and the Health Index remained constant respectively. Similarly, analysis of the two indicators that make up the Consumer Confidence Index reveal that the Present Situation index (PSI) decreased slightly while the Expectation Index (EI) increased. These are the key highlights from the June 2014 Portfolio of Indices Press Release. In February 2014, NOIPolls officially unveiled its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI). The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being. The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future. Nigerian businesses, financial and government agencies largely depend on their perceptions and micro assessment of consumers’ expectation in making decisions. At best, they draw conclusion on the business environment based on information from their immediate surroundings while the minority conduct surveys that are time and money consuming. However, the introduction of these indices provides indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy and the business environment in Nigeria. This report presents the June 2014 results for the NOIPolls Personal Well-Being Index (PWBI) and NOIPolls Consumer Confidence Index (CCI). The NOIPolls Personal Well-Being Index (PWBI) The NOIPolls Personal Well-Being Index for June 2014 declined by 1.6-points to stand at41.4; this is a slight drop in the perception of respondents about their personal well-being. An analysis of the individual indicators that make up the PWBI shows there were declines in five out of the seven indicators that make up the Personal Well-Being Index while the remaining two indices Religion and Health Indices recorded an increase and stable position respectively. Nigerians are most satisfied in terms of Religion (86.9); Social Interaction (73.1) and Physical Health (74.0). Furthermore, Nigerians are mostly neutral in terms of Achievement in Life (52.3), Standard of Living (47.8) and Personal Security (47.9). Finally, Nigerians are least satisfied with their Personal Economic Situation (36.8). This indicator has remained the lowest ranked indicator over the 18 month period since NOIPolls introduced its PWBI in January 2013. Monthly trend analysis reveals a drop in 5 of the indicators that make up the Personal Well-being Index and slight drop of 1.6-points overall. The only increase was observed in Religion Index (0.4-points) while the Health index maintained the same rating as May 2014. Trend analysis from January 2014 shows that the PWBI experienced a decline in June a slight reversal of the upward trend that started in March 2014. To read more on NOIPolls Personal Well-Being Index for June, click here. The NOIPolls Consumer Confidence Index (CCI) The NOIPolls Consumer Confidence Index for June 2014 declined by 1.6-points to stand at 69.5. In spite of this slight decline, current results generally indicate that Nigerians feel good about their current personal situation, the economy and remain optimistic about the future. The NOIPolls Consumer Confidence Index comprises of 2 independent variables; the Present Situation Index (PSI) and Expectation Index (EI). Trend analysis shows that the Present Situation Index declined by 0.7-points and currently stands at 61.7 while the Expectation Index increased by 1.7-points and stands at 79.3 in June 2014. Overall the CCI decreased by 1.6-points to 69.5 in the month of June 2014. Trend analysis of results from January 2014 to date shows that after a steady increase observed from the lowest point observed in March 2014, the CCI in June 2014 experienced a slight decline.To read more on NOIPolls Consumer Confidence Index for June, click here. Conclusion The NOIPolls Personal Well-Being Index (PWBI) declined by 1.6-points to 41.4 in June 2014. In addition, there were decline in all five of the seven indicators that make up the Personal Well-Being Index, while the remaining two indicators ;he Religion Index experienced a slight increase while the Health remained constant from May 2014. Similarly, the NOIPolls Consumer Confidence Index declined by 1.6-points to stand at 69.49 in June 2014. Further findings reveal that the Present Situation Index (PSI) which is one of the two indicators that make up the CCI, decreased slightly while the Expectation Index increased. Survey Methods The Personal Well-Being Index and Consumer Confidence Index Polls were conducted in the month of June 2014. The PWBI involved telephone interviews of a random nationwide sample.1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. In addition the CCI involved telephone interviews of a random nationwide sample. 4,000randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 2%. NOIPolls Limited, No.1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. July 1st, 2014 – Latest governance poll results released by NOIPolls for the month of June 2014 revealed that57% of adult Nigerians approve of the performance of the President over the past month; a slight 1-point decline in his job approval rating from May 2014 when it stood at 58%.  Similar to results obtained in May, the President’s current rating was greatly impacted by the remarkably high approval rating in the South East (91% in June 2014). Additional findings from the June governance poll revealed that the President maintained an average ranking for his performance on sectors such as the Economy, Education, Health, Agriculture & Food security, Transportation and Foreign Policy & Diplomacy. However, he maintained a very poor ranking for his performance on Job Creation, Power and Security. Furthermore, slightly more than half of the respondents (52%) indicated power supply to their households over the past month was either bad and/or it had gone worse; a 7-point increase from May 2014. Ironically, while the South East zone experienced the worst supply of power to households (61%), the zone remains responsible for the president’s high job approval rating. These are some of the key findings from the Governance Snap Poll conducted in week of June 23rd 2014. These results represent the sixth in the 2014 monthly series of governance polls conducted by NOIPolls to gauge the opinions and perceptions of Nigerians regarding the approval rating of the President, the performance of the President on key elements of his transformation agenda, and the state of power supply in the country. Respondents to the poll were asked three specific questions. The first sought to assess the views of Nigerians on the performance of President Goodluck Jonathan over the past 1 month. Respondents were asked: Do you approve or disapprove of the job performance of President Jonathan in the past 1 month?  The findings revealed that the majority of the respondents (45%) approve of the performance of the President, while 17% disapprove of his performance. 15% of the respondents remained neutral as they neither approve nor disapprove,12% of respondents strongly approve of his performance, while 11% strongly disapprove of his performance. Assessing the President’s performance from the geo-political zone perspective revealed that theSouth-East zone with 91% (20%+71%) has the highest proportion of respondents who approve of the President’s job performance and this had a great impact on the overall rating of the President. The North-West zone accounts for the largest proportion of respondents who disapprove of the President’s job performance with 42% (24%+18%). Monthly trend assessment of the President’s approval rating reveals that the President’s approval rating declined slightly by 1-point to 57% in June 2014; the third highest rating since January 2014. The results also indicate that the North-Central zone experienced the largest increase (12-points) in the percentage of respondents who approve of the president’s overall performance in June (66%) from May 2014. Please click on the chart below to view the 18-month Approval trend analysis (January 2013 – June 2014) To gauge the performance of the president on pertinent elements of his transformation agenda, respondents were asked: On a scale of 1 to 5, where 1 is very poor and 5 is excellent, how would you rate the performance of the President Jonathan in the following areas?  (1) Job Creation (2) Power (3) Economy (4) Health (5) Education (6) Agriculture & Food Security (7) Transportation (8) Foreign Policy & Diplomacy and (9) Security. The President was rated average in terms of his performance in Economy, Education, Health, Agriculture & Food Security, Transportation and Foreign Policy & Diplomacy. On the other hand, his ratings on Job Creation, Power and Security have remained very poor. These 3 key elements of his transformation agenda have persistently maintained a very poor rating since February 2014, implying that Nigerians are not satisfied and want the president to be more proactive on the issues of Job creation, Power and Security. Monthly trend analysis reveals that the President’s performance rating on Economy, Health, Agriculture & Food Security, Transportation and Foreign Policy & Diplomacy maintained an average ranking for the sixth month excluding Education which was rated very poor in February. Also, the President has been rated very poor in terms of his performance on Job Creation, Power and Security since February. Finally, the third question sought to establish the state of power supply to Nigerian households over the past month, therefore, respondents were asked: How would you describe power supply in your area in the last 1 month?   The results indicate that slightly more than half(52%: 35%+17%) of the respondents described power supply to their household negatively over the past month. This is made up of 17% that claim “it remains bad”; while 35% claim “it’s very bad and has gone to worse”. Furthermore, 32% (26%+6%) of Nigerians claim they have experienced an improvement in power supply, while 16% of the respondents say “there’s no difference” in the state of power supply to their households in June 2014. An assessment across the geo-political zones revealed that the North-Central zone has the largest percentage (39%) of respondents who experienced an improved power supply and also respondents who saw no difference at all. In addition, the South-East zone has the highest number of respondents (61%) that experienced poor supply of power in June 2014. Monthly trend analysis on power supply revealed a significant 10-point decline in the proportion of Nigerians who experienced an improvement in power supply to their households from May 2014, indicating a general decline in the state of power supply across that country in June 2014. The South-East zone recorded the lowest proportion of respondents (20%) who saw an improvement in power supply in the month June 2014 as against 52% in the month of May 2014. Please click on the chart below to view the 18-month Power Improvement trend analysis (January 2013 – June 2014) In conclusion, the current poll results have revealed that 57% of adult Nigerians approve of the job performance of President Goodluck Jonathan over the past month; a slight 1-point decline in his approval rating from May 2014. Despite the poor power supply in June 2014, as evidenced by the 7-point increase in the proportion of those that experienced declining power supply to their households, the President’s approval rating remains at 57% due to the exceptionally high approval rating he continues to enjoy in the South-East (91%). Survey Methods The opinion poll was conducted in June 23th to 24th 2014. It involved telephone interviews of a random nationwide sample. 1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. NOIPolls Limited, No.1 for country-specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgement as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. June 10th, 2014 – The latest NOIPolls Portfolio of Indices results released have revealed that the NOIPolls Personal Well-Being Index (PWBI) increased slightly by 1.3-points to stand at 43 in May 2014. More findings revealed that there were improvements in all the indicators that make up the NOIPolls Personal Well-Being Index except for Religion. The highest increases were observed in Economic Situation with 4-points and Personal Security which picked up by 3.9-pointsfollowing a continuous decline from January 2014. In addition, the NOIPolls Consumer Confidence Index (CCI) for May 2014 increased marginally by 2.4-points to stand at 71.1. There was an increase observed in both indicators that form the Consumer Confidence Index; the Present Situation Index (PSI) and the Expectation Index (EI) by 2.2 and 2.5-pointsrespectively. These are the key highlights from the May 2014 Portfolio of Indices Result Release. In February 2014, NOIPolls officially unveiled its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI). The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being. The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future. Nigerian businesses, financial and government agencies largely depend on their perceptions and micro assessment of consumers’ expectation in making decisions. At best, they draw conclusion on the business environment based on information from their immediate surroundings while the minority conduct surveys that are time and money consuming. However, the introduction of these indices provides indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy and the business environment in Nigeria. This report presents the May 2014 results for the NOIPolls Personal Well-Being Index (PWBI) and NOIPolls Consumer Confidence Index (CCI). The NOIPolls Personal Well-Being Index (PWBI) The NOIPolls Personal Well-Being Index for May 2014 stands at 43; this represents a slight1.3-point upturn in the perception of Nigerians about their personal well-being. An evaluation of the individual indicators that make up the PWBI highlight differences in the level of fulfillment of Nigerians on several aspects of their lives. Nigerians are most satisfied in terms of Religion(86.5); Social Interaction (74.7) and Physical Health (74.0). Furthermore, Nigerians are somewhat neutral in terms of Achievement in Life (53.9), Standard of Living (50.9) andPersonal Security (51.6) while Nigerians are clearly not fulfilled with their Personal Economic Situation (40.1); this has remained the lowest ranked indicator since January 2014. Monthly trend analysis revealed an upward trend in all indicators except for Religion; this culminated in the overall well-being index of Nigerians increasing slightly by 1.3-point in May 2014. Again, comparing current findings with the April 2014 results reveals that the highest increases were observed in Economic situation with 4-points and Personal Security which picked up by 3.9-points after a continuous decline since January 2014. The only decline was observed in Religion with 0.4-points; this has remained the highest ranked indicator sinceJanuary 2014. Furthermore, trend analysis shows that the NOIPolls Personal Well-being Index has maintained an upward movement since March 2014 (which represents the lowest point); a total 1.7-pointincrease from March. To read more on NOIPolls Personal Well-Being Index for April, click here. The NOIPolls Consumer Confidence Index (CCI) The NOIPolls Consumer Confidence Index for May 2014 stands at 71.1. This result generally indicates that Nigerians are reasonably confident about their current personal situation and the state of the economy; it also shows that Nigerians are optimistic about the future. The NOIPolls Consumer Confidence Index comprises of 2 independent variables; the Present Situation Index (PSI) and The NOIPolls Consumer Confidence Index comprises of 2 independent variables; the Present Situation Index (PSI) and Expectation Index (EI). In May, the Present Situation Index of 62.4 confirms that Nigerians are slightly positive about their present personal and economic situation. The Present Situation Index has been on the increase since February 2014. Similarly, the Expectation Index of 77.6 shows that consumers are highly expectant about the future. In May 2014; the PSI and the EI indices increased by 2.2 and 2.5-points respectively. Trend analysis revealed that overall the CCI increased by 2.4-points to 71.1 in the month ofMay 2014. This was generally impacted by the PSI and the EI indices that increased by 2.2 and2.5-points respectively. This shows that Nigerians are more optimistic about their expectations for the future in May 2014 when compared to April. To read more on NOIPolls Consumer Confidence Index for April, click here. Conclusion The NOIPOlls Personal Well-Being Index increased to 43 in May 2014 revealing that Nigerians are satisfied with their personal well-being. This figure represents a 1.3 upturn in the PWBI; which has continued to rise since March 2014. In addition, there were improvements in all the indicators that make up the Personal Well-Being Index except for Religion. The highest increases were observed in Economic situation with 4-points and Personal Security which picked up by 3.9-points after a continuous decline from January 2014. Also, the NOIPolls Consumer Confidence Index for May 2014 increased by 2.4-points to stand at 71.1. This was impacted by both the Present Situation Index (PSI) and the Expectation Index (EI) which make up the Consumer Confidence Index increasing by 2.2 and 2.5-points respectively. Survey Methods The Personal Well-Being Index and Consumer Confidence Index Polls were conducted in the month of April 2014. The PWBI involved telephone interviews of a random nationwide sample.1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. In addition the CCI involved telephone interviews of a random nationwide sample. 4,000randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 2%. NOIPolls Limited, No.1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. May 20th, 2014 – The First Quarter (Q1) results of the Petrol Price Monitoring Polls conducted by NOIPolls Limited revealed a significant 47-point increase in the proportion of Nigerians who bought petrol above the official pump price from January (31%) to March 2014 (78%). The result obtained in March 2014 represents the HIGHEST proportion of respondents who purchased petrol above N97 in the 15 months of conducting the Petrol Price Monitoring Polls which started from January 2013. Furthermore, the quarterly average ( Q1) shows that the majority (53%) purchased petrol above the official pump price of N97 with the highest obtained in the North-East and South-East zones; while 44% purchased at the official price. This quarter’s figure represents the second highest obtained in the quarterly trend on the purchase of petrol above the official price, after peaking in Q1 2013 (58%). More findings revealed that on average, 64% of Nigerians bought petrol from major marketer filling stations in the 1st quarter of2014. However, monthly trend analysis shows a downward trend with a substantial 32-Pointdecline from January (78%) to March (46%) in the proportion of Nigerians who purchased petrol from major marketer filling stations. These findings highlight the adverse effect of the crippling fuel scarcity experienced across Nigeria in the first quarter of 2014[1]. These are some of the findings of the Petrol Price Monitoring Polls conducted in Quarter 1, 2014. In January 2012, the Petroleum Products Pricing Regulatory Agency (PPPRA) along with government announced an increase in the price of petrol from N65 to N141 as a result of the removal of subsidy for the reason that over a trillion Naira was spent in 2011 on subsidy. Subsidy has been defined as money given by the state or public body to keep down cost of commodities. Some people see it as a form of protectionism or trade barrier because domestic goods are made affordable artificially. Within the Nigerian petroleum pricing context, subsidy would then mean selling petrol below the cost of production or importation. The removal of the fuel subsidy led to days of protest by Nigerians led by organised labour and civil societies who were unhappy about the perceived hardship this action would cause Nigerians and the lack of notice by the government to carry out such plans. In line with this, the government as a stop-gap measure partially removed subsidy, thereby bringing the official pump price of petrol to N97. In January 2014, Nigeria experienced a fresh round of acute scarcity in the supply of petrol nationwide that persisted over the first quarter. According to the Major Oil Marketers Association of Nigeria (MOMAN), this was triggered by the delay of the Petroleum Products Pricing Regulatory Agency (PPPRA) in releasing the approval for the first quarter fuel importation[2]. The purpose of this series of polls is to monitor and analyse the current pump price and uses of petrol in Nigeria, as well as to measure the perception of Nigerians towards the petrol price differences at various points of sale and the removal of fuel subsidy. Key Findings Over 1,500 respondents were interviewed in the three months of Quarter 1 (January-March 2014) and the respondents were asked the same ten questions for each monthly poll, four of these questions will be reviewed in this press release. For full details of the findings please e-mail: editor@noi-polls.com. The point of petrol purchase was monitored monthly; respondents were asked: Where do you mainly buy petrol from? Findings revealed that an average of 64% of Nigerians (representing the majority) bought petrol from major marketer filling stations in the 1st quarter of 2014. In addition, an average of 28% of Nigerians bought from independent marketer filling stations while 8% bought from hawkers. An assessment of petrol purchase by geo-political zones revealed that the South-West zone has the highest percentage of respondents (76%) who bought petrol from major marketer filling stations. The South-East zone has the highest percentage of Nigerians who bought from independent marketer filling stations with 44%, while the North-East zone (13%) has the highest percentage of people who purchased petrol from hawkers. Further monthly trend analysis revealed a downward trend in the proportion of Nigerians who purchased petrol from major marketer filling stations; there was a 9-point decline from January (78%) to February (69%) and a further 23-point decline in March (46%). January recorded the largest proportion (78%) of Nigerians who bought petrol from major marketer filling stations, while the month of March which recorded the lowest purchase of fuel from major marketer filling station (46%), also recorded the highest proportion of respondents who bought fuel from independent marketer filling station. The observed shift in point of purchase trends is likely to be as a result of the fuel scarcity which was experienced in the first quarter of 2014. [1] The Punch Newspaper – March 16th 2014; Fuel Scarcity persists nationwide [2] The Daily Independent – January 18th 2014; Nationwide Fuel Scarcity looms as Marketers groan under importation In order to estimate the average price of petrol in Nigeria and measure the percentage of Nigerians that buy above the official pump price, the respondents to the poll were asked: How much do you normally buy petrol? Results show that Nigerians bought petrol at different prices in Q1; 53% of Nigerians purchased petrol above the official price of N97, while 44%purchased petrol at the official pump price and 3% claim they purchased petrol bought below the official price. Petrol price analysis by geo-political zones revealed that the North-East and South-East zones accounted for the highest proportion of respondents who purchased petrol above the official pump price of N97 with 68% each. Furthermore, the highest proportion of respondents who bought petrol at N97 were from the North-Central zone (57%); the South-West zone accounted for the highest proportion of respondents who bought petrol at N100 (18%), while the North-East zone (21%) had the highest proportion of respondents who bought petrol above N130. The purchase of petrol at the official pump price was highest in January (65%), which also recorded the highest purchase of petrol from major marketer filling stations; while the highest purchase of petrol above the official pump price was recorded in March (78%); which also recorded the highest purchase of petrol from independent marketer filling stations and petrol hawkers as shown in a previous chart. In addition there was a drastic 47-point increase in the proportion of Nigerians who bought petrol above the official pump price from January (31%) to March (78%). A cross tabulation of the price paid per litre of petrol by point of purchase revealed that the majority (58%) of respondents who purchased petrol from major marketer filling stations bought at the official price (N97). Furthermore, the slim majority of respondents that bought from independent marketer filling stations purchased at N97 (22%) closely followed by 21% that purchased at N100 and 20% that bought at N120. In addition, the majority of respondents(65%) who bought from petrol hawkers bought above N130 With the aim of assessing the opinion of Nigerians on the possible reasons for petrol price disparity at the points of sale; respondents were asked: What do you think is responsible for the difference in the pump price of petrol across filling stations? Majority of the respondents (51%) reported that the difference in the price of petrol stems from the lack of monitoring of petrol stations by the government. In addition, 24% of the respondents indicated that “filling stations are exploiting the public by hoarding petrol”; implying that filling stations create an artificial scarcity to take advantage of petrol price inflation. Furthermore another 24%felt that the disparity in the price of petrol is because the cost of importing petrol is not the same for all marketers. Analysis by geo-political zones shows that the South-South zone (56%) has the highest proportion of respondents who blamed the government for not monitoring the filling stations. In addition, the North-East zone (29%) has the largest proportion of respondents that were of the view that the cost of importing petrol is not the same for all marketers, while the South-East zone (31%) accounts for the highest proportion of respondents that feel the petrol stations are exploiting people by hoarding fuel. In order to assess the level of support of Nigerians on the partial removal of subsidy and possible future removal of subsidy, the respondents were asked: Are you in support of the Government’s decision to remove fuel subsidy? Majority of the respondents (57%) are not in support of the subsidy removal while 43% are in support. Furthermore the South-East zone (56%), accounted for the highest proportion of respondents in support of subsidy removal while the North-West (64%) has the majority of respondents against the petrol subsidy removal. Monthly trend analysis shows that over Q1, the proportion of respondents in support of subsidy removal was highest in January 2014 (46%) In conclusion, findings from this poll have revealed a drastic 47-point increase in the proportion of Nigerians who bought petrol above the official pump price from January (31%) to March 2014 (78%). Furthermore, the majority of Nigerians (53%) purchased petrol above the official pump price of N97. More findings revealed that that on average 64% of Nigerians bought petrol from major marketer filling stations in the 1st quarter of 2014. However, monthly trend analysis shows a downward trend with a significant 32-Point decline from January (78%)to March (46%) in the proportion of Nigerians who purchased petrol from major marketer filling stations. These findings highlight the adverse effect of the fuel scarcity experienced nationwide in Q1 2014[1]. Furthermore, the majority of respondents (58%) who purchased petrol from major marketer filling stations bought at the official price (N97); while majority of respondents who purchased petrol from Independent marketer filling stations (78%) and petrol hawkers(94%) bought above the official price. In addition, 51% of the respondents reported that the differences in the price of petrol resulted from the lack of monitoring of petrol stations by government. Finally, poll results show the majority of the respondents (57%) are not in support of the subsidy removal. Survey Methods The opinion poll was conducted monthly over the first quarter of 2014; January to March 2014. It involved telephone interviews of a random nationwide sample of over 1,500 phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. NOIPolls Limited is Nigeria’s leading opinion polling and research organisation, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com

Abuja, Nigeria. May 13th, 2014 – The Portfolio of Indices Results released by NOIPolls has revealed that the NOIPolls Personal Well-Being Index stands at 41.7 in April 2014 indicating that Nigerians have maintained a neutral stance in terms of their personal well-being. This represents a 0.4-point improvement after the continuous downward trend observed since January 2014. More findings revealed there were improvements in all the indicators that constitute the Personal Well-Being Index except for Personal Security which experienced a further decline. Similarly, the NOIPolls Consumer Confidence Index remained steadily at 68.7 in April after experiencing a similar downward trend from January 2014. These are the key points from the April 2014 Portfolio of Indices Result Release. In February 2014, NOIPolls officially unveiled its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI). The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being. The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future. This report presents the April 2014 results for the NOIPolls Personal Well-Being Index (PWBI) and NOIPolls Consumer Confidence Index (CCI). Nigerian businesses, financial and government agencies largely depend on their perceptions and micro assessment of consumers’ expectation in making decisions. At best, they draw conclusion on the business environment based on information from their immediate surroundings while the minority conduct surveys that are time and money consuming. However, the introduction of these indices provides indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy and the business environment in Nigeria. The NOIPolls Personal Well-Being Index (PWBI) The NOIPolls Personal Well-Being Index for April 2014 stands at 41.7; when compared withMarch 2014, there was a marginal improvement in the personal wellbeing of Nigerians. Assessments of the individual indicators that constitute the PWBI highlight variations in the level of satisfaction of Nigerians on various aspects of their lives. Nigerians are most satisfied in terms of Religion (86.9); this has remained the aspect of life Nigerians have shown the highest level of satisfaction over the past 16 months from January 2013; Social Interaction (74.3) andPhysical Health (71.7). Furthermore, in terms of Achievement in Life (51.6), Standard of Living(49.1) and Personal Security (47.7) Nigerians are mostly neutral; while Nigerians are obviously not satisfied with their Personal Economic Situation (36.1). Trend analysis of the individual indicators shows there was an increase in all the indicators except for Personal Security which experienced a further decline in April when compared to March 2014. Personal Security has continued its steady downward trend from January declining by 1.4-points in April and a total of 11-points over the past 4 months. In contrast, the highest increases were observed in Standard of Living and Economic Situation with 2-points each from March 2014. Overall, the Personal Well-Being Index picked up slightly by 0.4-points in April 2014 after the continuous downward trend observed from January 2014. To read more on NOIPolls Personal Well-Being Index for April, click here The NOIPolls Consumer Confidence Index (CCI) The NOIPolls Consumer Confidence Index for April 2014 stands at 68.7. This result indicates that consumers are relatively positive about their individual state and stability of the economy. Thus, as consumers are optimistic, they would therefore be inclined to purchase more goods and services. This increase in spending will inevitably stimulate the whole economy. The NOIPolls Consumer Confidence Index comprises of 2 independent variables; the Present Situation Index (PSI) and Expectation Index (EI). In April, the Present Situation Index of 60.2confirms that Nigerians feel somewhat good about their present individual and economic situation. Likewise, the Expectation Index of 75.1 shows that consumers are very hopeful about the future. Trend analysis reveals that the CCI in April 2014 stands at 68.7; the same figure as in March 2014. However, the Present Situation Index increased by 1.5-points while the Expectation Index experienced a slight decline of 1.1-points from April compared to March 2014. In addition, it is pertinent to note that while the Present Situation Index continues to increase after a decline in February, the Expectation Index continues to decline from January, in a four-month trend. This continuous decline shows that Nigerians have continuously lowered their expectations for the future. Furthermore, the Consumer Confidence Index of Nigerians maintained a downward trend from January to March and remained steady from March to April 2014. To read more on NOIPolls Consumer Confidence Index for April, click here. Conclusion The Personal Well-Being of Nigerians with the NOIPolls Personal Well-Being Index for April 2014 stands at 41.7 indicating that Nigerians have maintained a neutral stance in terms of their personal well-being. This portrays a slight 0.4-point improvement after a continuous downward trend from January 2014. More findings revealed improvements in all the indicators that constitute the Personal Well-Being Index except for Personal Security which experienced a further decline. Similarly, the NOIPolls Consumer Confidence Index remained steady at 68.7 inApril 2014, after experiencing a downward trend from January 2014. Furthermore, the analysis of the 2 key indicators that constitute the CCI shows that the Present Situation Index increased by 1.5-points, while the Expectation Index experienced a slight 1.1-point decline inApril. Furthermore, while the Present Situation Index continues to improve after a decline inFebruary, the Expectation Index has continued its decline from January 2014. Survey Methods The Personal Well-Being Index and Consumer Confidence Index Polls were conducted in the month of April 2014. The PWBI involved telephone interviews of a random nationwide sample.1,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 3%. In addition the CCI involved telephone interviews of a random nationwide sample. 4,000randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 2%. NOIPolls Limited, No.1 for country specific polling services in West Africa, which works in technical partnership with the Gallup Organisation (USA), to conduct periodic opinion polls and studies on various socio-economic and political issues in Nigeria. More information is available at www.noi-polls.com Disclaimer This press release has been produced by NOIPolls Limited to provide information on all issues which form the subject matter of the document. Kindly note that while we are willing to share results from our polls with the general public, we only request that NOIPolls be acknowledged as author whenever and wherever our poll results are used, cited or published. NOIPolls hereby certifies that all the views expressed in this document accurately reflect its views of respondents surveyed for the poll, and background information is based on information from various sources that it believes are reliable; however, no representation is made that it is accurate or complete. Whilst reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors or fact or for any views expressed herein by NOIPolls for actions taken as a result of information provided in this report. Any ratings, forecasts, estimates, opinions or views herein constitute a judgment as at the date of this document. If the date of this document is not current, the views and content may not reflect NOIPolls’ current findings and/or thinking. Press Contact The Editor Email: editor@noi-polls.com