Remittances in Nigeria increased to 5925.68 USD Million in the fourth quarter of 2019 from 5783 USD Million in the third quarter of 2019.

Remittances in Nigeria averaged 5148.62 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. 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 May of 2020. source: Central Bank of Nigeria

Remittances in Nigeria is expected to be 5700.00 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 6400.00 USD Million in 2022, according to our econometric models.

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Nigeria Remittances

Actual Previous Highest Lowest Dates Unit Frequency
5925.68 5783.00 6270.24 3836.61 2008 - 2019 USD Million Quarterly

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 362684.95 33698.20 2177553.08 -975441.14 NGN Millions [+]
Current Account -6953.30 -2795.83 10383.67 -6953.30 USD Million [+]
Current Account to GDP 2.30 2.80 32.80 -18.70 percent [+]
Imports 1396347.95 1434594.11 2518686.57 167.88 NGN Millions [+]
Exports 1759032.90 1468292.31 2648881.76 322.93 NGN Millions [+]
Terms of Trade 103.54 100.73 160.25 49.48 points [+]
Foreign Direct Investment 909.54 1150.51 3084.90 314.44 USD Million [+]
Capital Flows 13235.94 11354.43 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.46 21.50 21.37 Tonnes [+]
Crude Oil Production 1793.00 1799.00 2475.00 675.00 BBL/D/1K [+]
Remittances 5925.68 5783.00 6270.24 3836.61 USD Million [+]
Terrorism Index 8.60 8.66 9.31 3.86 [+]
External Debt 27676.14 26941.50 27676.14 3627.50 USD Million [+]