Remittances in Nigeria increased to 4071.91 USD Million in the fourth quarter of 2020 from 3871.28 USD Million in the third quarter of 2020. source: Central Bank of Nigeria

Remittances in Nigeria averaged 5078.85 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 June of 2021.

Remittances in Nigeria is expected to be 3800.00 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 5200.00 in 12 months time. 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
4071.91 3871.28 6270.24 3373.09 2008 - 2020 USD Million Quarterly

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade -1123289.91 -1507542.69 2177553.08 -1507542.69 NGN Millions [+]
Current Account -5264.53 -3624.19 10383.67 -6676.40 USD Million [+]
Current Account to GDP -4.20 -3.30 32.80 -18.70 percent of GDP [+]
Imports 2193557.03 2456665.77 2518686.57 167.88 NGN Millions [+]
Exports 1070267.12 949123.09 2648881.76 322.93 NGN Millions [+]
Terms of Trade 100.04 100.17 160.25 49.48 points [+]
Foreign Direct Investment 438.70 775.20 3084.90 63.50 USD Million [+]
Capital Flows -3371.72 3811.51 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.46 21.46 21.37 Tonnes [+]
Crude Oil Production 1344.00 1372.00 2475.00 675.00 BBL/D/1K [+]
Remittances 4071.91 3871.28 6270.24 3373.09 USD Million [+]
Non Oil Exports 405369.81 294400.99 1450442.90 29675.90 NGN Million [+]
Oil Exports 664897.32 654722.09 2033861.20 46192.00 NGN Million [+]
Terrorism Index 8.31 8.60 9.31 3.86 [+]
External Debt 33348.08 31985.17 37267.68 3287.73 USD Million [+]