Foreign Exchange Reserves in Nigeria increased to 38448 USD Million in May from 37934 USD Million in April of 2025. This dataset provides - Nigeria Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Nigeria Foreign Exchange Reserves: % of GDP

• Nigeria Foreign Exchange Reserves: % of GDP was reported at 18.573 % in Sep 2024
• This records an increase from the previous number of 14.124 % for Jun 2024
• Nigeria Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 8.308 % from Dec 2010 to Sep 2024, with 56 observations
• The data reached an all-time high of 18.573 % in Sep 2024 and a record low of 5.287 % in Mar 2015
• Nigeria Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly

CEIC calculates quarterly Foreign Exchange Reserves as % of Nominal GDP from monthly Foreign Exchange Reserves and quarterly Nominal GDP. The Central Bank of Nigeria provides Foreign Exchange Reserves in USD. The National Bureau of Statistics provides Nominal GDP in local currency, at basic prices. The Central Bank of Nigeria average market exchange rate is used for currency conversions.

Key information about Nigeria Foreign Exchange Reserves

• Nigeria Foreign Exchange Reserves was measured at 40.4 USD bn in Nov 2024, compared with 39.7 USD bn in the previous month
• Nigeria Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 1960 to Nov 2024
• The data reached an all-time high of 62.1 USD bn in Sep 2008 and a record low of 63.2 USD mn in Jun 1968

Foreign Exchange Reserves exclude SDRs, Gold and IMF position.


Further information about Nigeria Foreign Exchange Reserves

• In the latest reports, Nigeria Foreign Exchange Reserves equaled 10.7 Months of Import in Aug 2024.
• Its Money Supply M2 increased 65.5 USD bn YoY in Nov 2024.
• Nigeria Domestic Credit reached 69.5 USD bn in Nov 2024, representing an increased of 35.4 % YoY.

International reserves (excluding gold) in Nigeria was reported at 33852034775 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - International reserves (excluding gold) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

Foreign Reserves, Months Import Cover, Goods in Nigeria was reported at 0 in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Foreign Reserves, Months Import Cover, Goods - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Nigeria Total Reserves data was reported at 27.265 USD bn in 2016. This records a decrease from the previous number of 28.317 USD bn for 2015. Nigeria Total Reserves data is updated yearly, averaging 34.956 USD bn from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 53.039 USD bn in 2008 and a record low of 7.164 USD bn in 2003. Nigeria Total Reserves data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.GEM: Foreign Reserves: Annual. Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities.

Nigeria Foreign Exchange Reserves: Months of Import data was reported at 0.743 Unit in 2016. This records an increase from the previous number of 0.506 Unit for 2015. Nigeria Foreign Exchange Reserves: Months of Import data is updated yearly, averaging 0.767 Unit from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 1.750 Unit in 2006 and a record low of 0.459 Unit in 2003. Nigeria Foreign Exchange Reserves: Months of Import data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.GEM: Foreign Reserves: Annual. The stock of international reserves is expressed as the number of months of financing-coverage it represents for the given country's imports of merchandise goods.

Total Reserves in Nigeria was reported at 0 in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Total Reserves - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Nigeria: Percent of world foreign exchange reserves: The latest value from 2022 is 0.254 percent, a decline from 0.269 percent in 2021. In comparison, the world average is 0.658 percent, based on data from 152 countries. Historically, the average for Nigeria from 1960 to 2022 is 0.411 percent. The minimum value, 0.091 percent, was reached in 1988 while the maximum of 1.744 percent was recorded in 1975.

Foreign exchange reserves, billion currency units in Nigéria, septembre, 2024 Pour cet indicateur, Central Bank of Nigeria fournit des données pour la Nigéria de janvier 1960 à septembre 2024. La valeur moyenne pour Nigéria pendant cette période était de 13.65 billion U.S. Dollar avec un minimum de 0.06 billion U.S. Dollar en mars 1968 et un maximum de 62.08 billion U.S. Dollar en septembre 2008. | TheGlobalEconomy.com

Nigeria NG: Total Reserves: % of Total External Debt data was reported at 96.399 % in 2016. This records a decrease from the previous number of 108.263 % for 2015. Nigeria NG: Total Reserves: % of Total External Debt data is updated yearly, averaging 35.565 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 444.357 % in 2006 and a record low of 3.149 % in 1988. Nigeria NG: Total Reserves: % of Total External Debt data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Foreign Reserves. International reserves to total external debt stocks.; ; World Bank, International Debt Statistics.; Weighted average;

Nigeria NG: Total Reserves: Including Gold data was reported at 42.630 USD bn in 2017. This records an increase from the previous number of 30.030 USD bn for 2016. Nigeria NG: Total Reserves: Including Gold data is updated yearly, averaging 4.336 USD bn from Dec 1963 (Median) to 2017, with 55 observations. The data reached an all-time high of 53.599 USD bn in 2008 and a record low of 112.359 USD mn in 1967. Nigeria NG: Total Reserves: Including Gold data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Foreign Reserves. Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Total reserves in months of imports in Nigeria was reported at 4.8781 in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Total reserves in months of imports - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Nigeria NG: Total Reserves: Months of Imports data was reported at 8.005 NA in 2017. This records an increase from the previous number of 6.342 NA for 2016. Nigeria NG: Total Reserves: Months of Imports data is updated yearly, averaging 4.434 NA from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 19.210 NA in 1998 and a record low of 1.015 NA in 1983. Nigeria NG: Total Reserves: Months of Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Foreign Reserves. Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. This item shows reserves expressed in terms of the number of months of imports of goods and services they could pay for [Reserves/(Imports/12)].; ; International Monetary Fund, International Financial Statistics and data files.; Weighted average;

Nigeria NG: Total Reserves: Excluding Gold data was reported at 41.739 USD bn in 2017. This records an increase from the previous number of 29.243 USD bn for 2016. Nigeria NG: Total Reserves: Excluding Gold data is updated yearly, averaging 4.232 USD bn from Dec 1963 (Median) to 2017, with 55 observations. The data reached an all-time high of 53.002 USD bn in 2008 and a record low of 92.260 USD mn in 1967. Nigeria NG: Total Reserves: Excluding Gold data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Foreign Reserves. Total reserves minus gold comprise special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. Gold holdings are excluded. Data are in current U.S. dollars.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Graph and download economic data for Exchange Rate (market+estimated) for Nigeria (XRNCUSNGA618NRUG) from 1950 to 2019 about Nigeria, exchange rate, rate, and USA.

Graph and download economic data for Exchange Rate to U.S. Dollar for Nigeria (FXRATENGA618NUPN) from 1950 to 2010 about Nigeria, exchange rate, currency, rate, and USA.

Total reserves (% of total external debt) in Nigeria was reported at 31.26 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Total reserves (% of total external debt) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Real Effective Exchange Rate as Based on Consumer Price Index for Nigeria (NGAEREERIX) from 2000 to 2024 about Nigeria, consumer prices, REO, exchange rate, consumer, real, rate, and indexes.

Graph and download economic data for Broad Money for Nigeria (NGAFMBPCPPPT) from 2001 to 2026 about Nigeria, broad, REO, monetary aggregates, and rate.