Remittances in Nigeria increased to 3871.28 USD Million in the third quarter of 2020 from 3373.09 USD Million in the second quarter of 2020. source: Central Bank of Nigeria

Remittances in Nigeria averaged 5098.59 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 3373.09 USD Million in the second quarter of 2020. 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 March of 2021.

Remittances in Nigeria is expected to be 4300.00 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 5700.00 in 12 months time. In the long-term, the Nigeria Remittances is projected to trend around 6300.00 USD Million in 2022, according to our econometric models.

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Nigeria Remittances

Actual Previous Highest Lowest Dates Unit Frequency
3871.28 3373.09 6270.24 3373.09 2008 - 2020 USD Million Quarterly

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -830084.94 -850195.56 2177553.08 -975441.14 NGN Millions [+]
Current Account -3337.91 -3232.28 10383.67 -6953.30 USD Million [+]
Current Account to GDP -3.60 0.90 32.80 -18.70 percent [+]
Imports 1726282.63 1842188.46 2518686.57 167.88 NGN Millions [+]
Exports 896197.69 991992.89 2648881.76 322.93 NGN Millions [+]
Terms of Trade 101.16 101.08 160.25 49.48 points [+]
Foreign Direct Investment 427.76 495.42 3084.90 63.50 USD Million [+]
Capital Flows 2663.65 4146.35 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.37 21.46 21.37 Tonnes [+]
Crude Oil Production 1382.00 1174.00 2475.00 675.00 BBL/D/1K [+]
Remittances 3871.28 3373.09 6270.24 3373.09 USD Million [+]
Non Oil Exports 154578.68 185734.31 1450442.90 29675.90 NGN Million [+]
Oil Exports 741619.01 806258.58 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.31 8.60 9.31 3.86 [+]
External Debt 31985.17 31477.14 37267.68 3287.73 USD Million [+]