Foreign Exchange Reserves in Nigeria increased to 45090 USD Million in May from 44790 USD Million in April of 2019. Foreign Exchange Reserves in Nigeria averaged 11678.17 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.
Foreign Exchange Reserves in Nigeria is expected to be 45000.00 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 45000.00 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.