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

• 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.

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.

Graph and download economic data for Net Reserves by Months of Imported Goods and Services for Nigeria (NGABRASSMIMH) from 2005 to 2026 about Nigeria, REO, imports, reserves, Net, goods, and services.

This dataset provides values for FOREIGN EXCHANGE RESERVES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Nigeria NG: BOP: Reserves and Related Items data was reported at 12.222 USD bn in 2017. This records an increase from the previous number of -985.496 USD mn for 2016. Nigeria NG: BOP: Reserves and Related Items data is updated yearly, averaging -985.496 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 13.894 USD bn in 2006 and a record low of -10.515 USD bn in 2009. Nigeria NG: BOP: Reserves and Related Items 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: Balance of Payments: Capital and Financial Account. Reserves and related items is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. Reserve assets are those external assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, and include holdings of monetary gold, special drawing rights (SDRs), reserve position in the International Monetary Fund (IMF), and other reserve assets. Also included are net credit and loans from the IMF (excluding reserve position) and total exceptional financing. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. In BPM6, the headings of the financial account have been changed from credits and debits to net acquisition of financial assets and net incurrence of liabilities; i.e., all changes due to credit and debit entries are recorded on a net basis separately for financial assets and liabilities. Financial account balances are calculated as the change in assets minus the change in liabilities; signs are reversed from previous editions.

Graph and download economic data for Net Issues of International Debt Securities for Issuers in Financial Institutions Sector (Banks), All Maturities, Residence of Issuer in Nigeria (DISCONTINUED) (IDSBMRINING) from Q1 2007 to Q1 2015 about Nigeria, issues, sector, maturity, financial, debt, residents, securities, Net, banks, and depository institutions.

Graph and download economic data for Net Issues of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Nigeria (IDSGAMNINING) from Q1 1992 to Q1 2025 about Nigeria, issues, maturity, debt, securities, and Net.

Nigeria NG: Net Acquisition of Financial Assets: % of GDP data was reported at 0.000 % in 2013. This records a decrease from the previous number of 0.000 % for 2012. Nigeria NG: Net Acquisition of Financial Assets: % of GDP data is updated yearly, averaging -0.001 % from Dec 2003 (Median) to 2013, with 11 observations. The data reached an all-time high of 0.419 % in 2008 and a record low of -1.081 % in 2004. Nigeria NG: Net Acquisition of Financial Assets: % of GDP 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: Government Revenue, Expenditure and Finance. Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted Average;

Graph and download economic data for Net Issues of International Bonds and Notes for All Issuers, Nationality of Issuer in Nigeria (DISCONTINUED) (IBANAININING) from Q1 1992 to Q2 2015 about Nigeria, issues, notes, bonds, and Net.

Graph and download economic data for Net Issues of International Debt Securities for Issuers in Other Financial Corporations, All Maturities, Residence of Issuer in Nigeria (DISCONTINUED) (IDSOFAMRINING) from Q3 2012 to Q2 2015 about Nigeria, issues, finance companies, companies, finance, maturity, financial, debt, residents, securities, and Net.

Graph and download economic data for Net Lending (+) / Net Borrowing (-) (balance from Financial Account) as Direct Investment for Nigeria (NGABFDBP6GDPPT) from 2000 to 2026 about financial account, Nigeria, borrowings, BOP, REO, balance, investment, financial, Net, and loans.