Remittances in Nigeria increased to 4278.12 USD Million in the first quarter of 2021 from 4071.91 USD Million in the fourth quarter of 2020. source: Central Bank of Nigeria

Remittances in Nigeria averaged 5063.74 USD Million from 2008 until 2021, 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 September of 2021.

Remittances in Nigeria is expected to be 4500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Remittances is projected to trend around 5500.00 USD Million in 2022 and 6300.00 USD Million in 2023, according to our econometric models.

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Nigeria Remittances

Actual Previous Highest Lowest Dates Unit Frequency
4278.12 4071.91 6270.24 3373.09 2008 - 2021 USD Million Quarterly

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -679470.20 -605290.40 2177553.08 -1507542.69 NGN Millions [+]
Current Account -1750.60 -5264.53 10383.67 -6676.40 USD Million [+]
Current Account to GDP -4.20 -3.30 32.80 -18.70 percent of GDP [+]
Imports 2482178.50 2221385.10 2518686.57 167.88 NGN Millions [+]
Exports 1802708.30 1616094.70 2648881.76 322.93 NGN Millions [+]
Terms of Trade 100.04 100.17 160.25 49.48 points [+]
Foreign Direct Investment 2138.38 438.70 3084.90 63.50 USD Million [+]
Capital Flows 7886.98 -3371.72 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.46 21.46 21.37 Tonnes [+]
Crude Oil Production 1239.00 1323.00 2475.00 675.00 BBL/D/1K [+]
Remittances 4278.12 4071.91 6270.24 3373.09 USD Million [+]
Non Oil Exports 375013.81 307275.91 1450442.90 29675.90 NGN Million [+]
Oil Exports 1427694.48 1308818.75 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.31 8.60 9.31 3.86 [+]
External Debt 32859.99 33348.08 37267.68 3287.73 USD Million [+]