Foreign Exchange Reserves in Nigeria decreased to 38684 USD Million in December from 39803 USD Million in November of 2019.

Foreign Exchange Reserves in Nigeria averaged 11973.80 USD Million from 1960 until 2019, reaching an all time high of 62081.86 USD Million in September of 2008 and a record low of 63.22 USD Million in June of 1968. This page provides - Nigeria Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Nigeria

Foreign Exchange Reserves in Nigeria is expected to be 39500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in Nigeria to stand at 44000.00 in 12 months time. In the long-term, the Nigeria Foreign Exchange Reserves is projected to trend around 48000.00 USD Million in 2020, according to our econometric models.


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Nigeria Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
38684.00 39803.00 62081.86 63.22 1960 - 2019 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 08:30 AM Sep $42.12B $43.73B $43.6B
2019-10-31 09:00 AM Oct $40.55B $41.85B $40B
2019-11-29 09:55 AM Nov $39.83B $40.55B $42B
2019-12-31 09:00 AM Dec $38.68B $39.80B $39.5B
2020-01-31 09:00 AM Jan $38.68B $42B

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 13.50 13.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2203274.21 2055946.55 2329706.58 193939.30 NGN Million [+]
Money Supply M1 10930572.57 10592511.65 11751139.21 396991.90 NGN Million [+]
Money Supply M2 28415371.99 27634515.08 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 38684.00 39803.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 8.59 8.70 27.00 2.00 percent [+]
Lending Rate 15.11 15.07 37.80 6.00 percent [+]