Remittances in Nigeria decreased to 3373.09 USD Million in the second quarter of 2020 from 5629.04 USD Million in the first quarter of 2020. source: Central Bank of Nigeria

Remittances in Nigeria averaged 5123.14 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 October of 2020.

Remittances in Nigeria is expected to be 5600.00 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 5950.00 in 12 months time. In the long-term, the Nigeria Remittances is projected to trend around 6000.00 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
3373.09 5629.04 6270.24 3373.09 2008 - 2020 USD Million Quarterly

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -807170.40 -574966.09 2177553.08 -975441.14 NGN Millions [+]
Current Account -3232.28 -4881.73 10383.67 -6953.30 USD Million [+]
Current Account to GDP -3.60 0.90 32.80 -18.70 percent [+]
Imports 1590021.69 1325501.38 2518686.57 167.88 NGN Millions [+]
Exports 782851.28 750535.29 2648881.76 322.93 NGN Millions [+]
Terms of Trade 103.19 103.48 160.25 49.48 points [+]
Foreign Direct Investment 427.76 495.42 3084.90 63.50 USD Million [+]
Capital Flows 4146.35 -6300.42 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.50 21.50 21.37 Tonnes [+]
Crude Oil Production 1310.00 1368.00 2475.00 675.00 BBL/D/1K [+]
Remittances 3373.09 5629.04 6270.24 3373.09 USD Million [+]
Non Oil Exports 159580.04 235709.85 1450442.90 29675.90 NGN Million [+]
Oil Exports 623271.24 514825.44 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.60 8.66 9.31 3.86 [+]
External Debt 31477.14 27665.66 37267.68 3287.73 USD Million [+]