Remittances in Nigeria decreased to 5783 USD Million in the third quarter of 2019 from 5916.57 USD Million in the second quarter of 2019. Remittances in Nigeria averaged 5132.09 USD Million from 2008 until 2019, 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. source: Central Bank of Nigeria
Remittances in Nigeria is expected to be 6400.00 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 6300.00 in 12 months time. In the long-term, the Nigeria Remittances is projected to trend around 6400.00 USD Million in 2020, according to our econometric models.