Foreign Exchange Reserves in Nigeria decreased to 36700 USD Million in February from 37040 USD Million in January of 2023. source: Central Bank of Nigeria

Foreign Exchange Reserves in Nigeria averaged 13224.24 USD Million from 1960 until 2023, reaching an all time high of 62081.86 USD Million in September of 2008 and a record low of 63.22 USD Million in June of 1968. This page provides - Nigeria Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Foreign Exchange Reserves in Nigeria is expected to be 37000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Foreign Exchange Reserves is projected to trend around 40000.00 USD Million in 2024 and 42000.00 USD Million in 2025, according to our econometric models.

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Nigeria Foreign Exchange Reserves

Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 09:00 AM Jan $37.04B $37.08B $37.0B
2023-02-28 11:00 AM Feb $36.7B $37.04B $37.04B
2023-03-31 09:00 AM Mar $36.7B $37.0B

Related Last Previous Unit Reference
Interest Rate 17.50 17.50 percent Feb 2023
Cash Reserve Ratio 32.50 32.50 percent Mar 2023
Interbank Rate 12.22 12.22 percent Mar 2023
Money Supply M1 20964941.91 20686476.65 NGN Million Jan 2023
Money Supply M0 1386398.50 3012057.17 NGN Million Jan 2023
Money Supply M2 52966478.09 51747302.38 NGN Million Jan 2023
Foreign Exchange Reserves 36700.00 37040.00 USD Million Feb 2023
Deposit Interest Rate 8.76 8.79 percent Jan 2023
Lending Rate 27.63 13.85 percent Jan 2023
Money Supply M3 53270207.30 52140943.27 NGN Million Jan 2023