Remittances in Nigeria decreased to 5629.04 USD Million in the first quarter of 2020 from 5925.68 USD Million in the fourth quarter of 2019.

Remittances in Nigeria averaged 5158.85 USD Million from 2008 until 2020, reaching an all time high of 6270.24 USD Million in the fourth quarter of 2018 and a record low of 3836.61 USD Million in the third quarter of 2008. This page provides - Nigeria Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Remittances - values, historical data and charts - was last updated on July of 2020. source: Central Bank of Nigeria

Remittances in Nigeria is expected to be 5500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Nigeria to stand at 6200.00 in 12 months time. In the long-term, the Nigeria Remittances is projected to trend around 6200.00 USD Million in 2021 and 6300.00 USD Million in 2022, according to our econometric models.

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Nigeria Remittances

Actual Previous Highest Lowest Dates Unit Frequency
5629.04 5925.68 6270.24 3836.61 2008 - 2020 USD Million Quarterly

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -162246.25 197560.16 2177553.08 -975441.14 NGN Millions [+]
Current Account -4881.73 -6953.30 10383.67 -6953.30 USD Million [+]
Current Account to GDP 2.30 2.80 32.80 -18.70 percent [+]
Imports 1127880.09 1234379.31 2518686.57 167.88 NGN Millions [+]
Exports 965633.84 1431939.47 2648881.76 322.93 NGN Millions [+]
Terms of Trade 103.54 100.73 160.25 49.48 points [+]
Foreign Direct Investment 495.42 498.62 3084.90 63.50 USD Million [+]
Capital Flows -6300.42 13235.94 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.46 21.50 21.37 Tonnes [+]
Crude Oil Production 1552.00 1793.00 2475.00 675.00 BBL/D/1K [+]
Remittances 5629.04 5925.68 6270.24 3836.61 USD Million [+]
Non Oil Exports 302855.61 374680.87 1450442.90 29675.90 NGN Million [+]
Oil Exports 662778.23 1057258.60 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.60 8.66 9.31 3.86 [+]
External Debt 27676.14 26941.50 37267.68 3287.73 USD Million [+]