Nigeria Foreign Exchange Reserves

1960 - 2025 | Monthly | USD mn | Central Bank of Nigeria

Key information about Nigeria Foreign Exchange Reserves

  • Nigeria Foreign Exchange Reserves was measured at 38.9 USD bn in Jan 2025, compared with 40.3 USD bn in the previous month
  • Nigeria Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 1960 to Jan 2025
  • 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 10.9 Months of Import in Jan 2025.
  • Its Money Supply M2 increased 83.7 USD bn YoY in Oct 2025.
  • Nigeria Domestic Credit reached 69.8 USD bn in Oct 2025, representing an drop of 12.6 % YoY.

View Nigeria's Foreign Exchange Reserves from Jan 1960 to Jan 2025 in the chart:

Nigeria Foreign Exchange Reserves

What was Nigeria's Foreign Exchange Reserves in Jan 2025?

Nigeria Foreign Exchange Reserves was measured at 38.9 USD bn in Jan 2025, compared with 40.3 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
38,880.0 Jan 2025 40,290.0 Dec 2024 63.2 Jun 1968 62,081.9 Sep 2008 USD mn monthly Jan 1960 - Jan 2025

Foreign Exchange Reserves by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 7,805.7 Sep 2025 monthly Dec 1993 - Sep 2025
Algeria (USD mn) 54,013.0 Jul 2025 monthly Jan 1968 - Jul 2025
Argentina (USD mn) 30,663.2 Oct 2025 monthly Dec 1956 - Oct 2025
Armenia (USD mn) 4,277.4 Sep 2025 monthly Dec 1993 - Sep 2025
Australia (USD mn) 41,449.9 Oct 2025 monthly Jul 1969 - Oct 2025
Austria (USD mn) 4,258.6 Oct 2025 monthly Jan 1957 - Oct 2025
Azerbaijan (USD mn) 12,882.6 Sep 2025 monthly Dec 1992 - Sep 2025
Bahrain (USD mn) 4,269.0 Jul 2025 monthly Oct 1965 - Jul 2025
Bangladesh (USD mn) 23,101.5 Oct 2025 monthly Dec 1972 - Oct 2025
Belarus (USD mn) 5,369.8 Oct 2025 monthly Dec 2002 - Oct 2025
Belgium (USD mn) 6,000.0 Oct 2025 monthly Jan 1999 - Oct 2025
Bolivia (USD mn) 170.7 Aug 2025 monthly Jan 1999 - Aug 2025
Bosnia and Herzegovina (USD mn) 10,306.2 Sep 2025 monthly Aug 1997 - Sep 2025
Botswana (USD mn) 5,165.9 Apr 2021 monthly Jan 1992 - Apr 2021
Brazil (USD mn) 312,572.3 Oct 2025 monthly Nov 2000 - Oct 2025
Brunei (USD mn) 3,321.9 Dec 2024 monthly Dec 1999 - Dec 2024
Bulgaria (USD mn) 39,904.4 Oct 2025 monthly Sep 2003 - Oct 2025
Cambodia (USD mn) 18,884.7 Oct 2025 monthly Dec 1993 - Oct 2025
Canada (USD mn) 99,676.0 Oct 2025 monthly Jun 1999 - Oct 2025
Chile (USD mn) 43,848.8 Oct 2025 monthly Jan 1982 - Oct 2025
China (USD mn) 3,343,343.0 Oct 2025 monthly Jan 1989 - Oct 2025
Colombia (USD mn) 60,574.9 Oct 2025 monthly Dec 1956 - Oct 2025
Croatia (USD mn) 28,293.0 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (USD mn) 296.6 Oct 2025 monthly Jan 2002 - Oct 2025
Czech Republic (USD mn) 157,468.5 Oct 2025 monthly Mar 2000 - Oct 2025
Denmark (USD mn) 91,259.0 Oct 2025 monthly Jan 2002 - Oct 2025
Ecuador (USD mn) 5,760.2 Oct 2025 monthly Dec 1956 - Oct 2025
Egypt (USD mn) 30,463.0 Oct 2025 monthly Dec 2004 - Oct 2025
Estonia (USD mn) 1,898.5 Oct 2025 monthly Jan 2001 - Oct 2025
European Union (USD mn) 321,978.9 Oct 2025 monthly Dec 1999 - Oct 2025
Finland (USD mn) 10,153.8 Oct 2025 monthly Jan 2000 - Oct 2025
France (USD mn) 33,304.3 Oct 2025 monthly Feb 2004 - Oct 2025
Georgia (USD mn) 4,210.2 Oct 2025 monthly Oct 1995 - Oct 2025
Germany (USD mn) 36,376.1 Oct 2025 monthly Jan 1957 - Oct 2025
Ghana (USD mn) 3,368.9 Jan 2024 monthly Jan 1965 - Jan 2024
Greece (USD mn) 4,117.8 Oct 2025 monthly Jan 2004 - Oct 2025
Hong Kong SAR, China (USD mn) 425,786.0 Oct 2025 monthly Apr 2000 - Oct 2025
Hungary (USD mn) 39,071.3 Oct 2025 monthly Jan 1998 - Oct 2025
Iceland (USD mn) 6,672.3 Oct 2025 monthly Oct 2000 - Oct 2025
India (USD mn) 564,591.1 Oct 2025 monthly Apr 1989 - Oct 2025
Indonesia (USD mn) 130,433.1 Oct 2025 monthly Apr 2000 - Oct 2025
Ireland (USD mn) 4,690.7 Oct 2025 monthly Jan 1999 - Oct 2025
Israel (USD mn) 227,235.1 Oct 2025 monthly Dec 2001 - Oct 2025
Italy (USD mn) 52,674.6 Oct 2025 monthly Dec 1999 - Oct 2025
Ivory Coast (USD mn) 6.8 Mar 2025 monthly Jul 1962 - Mar 2025
Japan (USD mn) 1,166,724.0 Oct 2025 monthly Apr 2000 - Oct 2025
Jordan (USD mn) 15,021.1 Oct 2025 monthly Jan 1958 - Oct 2025
Kazakhstan (USD mn) 16,215.6 Oct 2025 monthly Dec 2002 - Oct 2025
Kenya (USD mn) 11,480.5 Aug 2025 monthly Dec 2000 - Aug 2025
South Korea (USD mn) 403,899.5 Oct 2025 monthly Dec 1956 - Oct 2025
Kosovo (USD mn) 1,680.0 Oct 2025 monthly Dec 2000 - Oct 2025
Kuwait (USD mn) 37,261.2 Sep 2025 monthly Jan 1964 - Sep 2025
Kyrgyzstan (USD mn) 2,164.3 Oct 2025 monthly Jul 1995 - Oct 2025
Laos (USD mn) 2,642.9 Jun 2025 monthly Dec 1988 - Jun 2025
Latvia (USD mn) 4,438.7 Oct 2025 monthly Jan 1997 - Oct 2025
Lebanon (USD mn) 11,058.9 Apr 2025 monthly Jan 2024 - Apr 2025
Lithuania (USD mn) 5,351.7 Oct 2025 monthly Jun 1993 - Oct 2025
Luxembourg (USD mn) 46.8 Oct 2025 monthly Jan 1999 - Oct 2025
Macau SAR, China (USD mn) 29,734.2 Oct 2025 monthly Jun 1984 - Oct 2025
North Macedonia (USD mn) 4,696.2 Oct 2025 monthly Dec 1993 - Oct 2025
Malawi (USD mn) 413.8 Oct 2021 monthly Jun 1965 - Oct 2021
Malaysia (USD mn) 111,738.0 Oct 2025 monthly Apr 2000 - Oct 2025
Malta (USD mn) 1,095.8 Oct 2025 monthly Jan 1960 - Oct 2025
Mauritius (USD mn) 7,524.4 Oct 2025 monthly Mar 1960 - Oct 2025
Mexico (USD mn) 221,986.7 Oct 2025 monthly Jan 2000 - Oct 2025
Moldova (USD mn) 5,115.2 Oct 2025 monthly Jan 2000 - Oct 2025
Mongolia (USD mn) 4,841.5 Sep 2025 monthly Dec 1992 - Sep 2025
Montenegro (USD mn) 1,671.4 Oct 2025 monthly Dec 2002 - Oct 2025
Morocco (USD mn) 41,346.7 Oct 2025 monthly Dec 2001 - Oct 2025
Mozambique (USD mn) 3,942.9 Sep 2025 monthly Mar 1984 - Sep 2025
Myanmar (USD mn) 8,473.8 Mar 2024 quarterly Dec 1950 - Mar 2024
Nepal (USD mn) 18,296.6 Sep 2025 monthly Jan 2002 - Sep 2025
Netherlands (USD mn) 9,344.6 Sep 2025 monthly Sep 1999 - Sep 2025
New Zealand (USD mn) 24,143.2 Oct 2025 monthly Sep 2005 - Oct 2025
Nigeria (USD mn) 38,880.0 Jan 2025 monthly Jan 1960 - Jan 2025
Norway (USD mn) 78,377.0 Oct 2025 monthly Jan 1999 - Oct 2025
Oman (USD mn) 17,171.4 Sep 2025 monthly Apr 1970 - Sep 2025
Pakistan (USD mn) 19,127.8 Oct 2025 monthly Jan 1959 - Oct 2025
Palestinian Territory (USD mn) 590.6 Sep 2025 monthly Jan 2006 - Sep 2025
Panama (USD mn) 4,972.0 Oct 2025 monthly Oct 1969 - Oct 2025
Paraguay (USD mn) 8,922.7 Oct 2025 monthly Dec 1956 - Oct 2025
Peru (USD mn) 77,454.0 Sep 2025 monthly Dec 1956 - Sep 2025
Philippines (USD mn) 88,724.9 Oct 2025 monthly Jan 1960 - Oct 2025
Poland (USD mn) 188,314.8 Oct 2025 monthly Jan 1998 - Oct 2025
Portugal (USD mn) 6,995.2 Sep 2025 monthly Dec 1999 - Sep 2025
Qatar (USD mn) 39,035.0 Oct 2025 monthly Dec 1966 - Oct 2025
Romania (USD mn) 71,705.5 Oct 2025 monthly Apr 2005 - Oct 2025
Russia (USD mn) 396,929.0 Oct 2025 monthly Dec 1994 - Oct 2025
Saudi Arabia (USD mn) 417,090.6 Oct 2025 monthly Jan 2001 - Oct 2025
Serbia (USD mn) 27,143.4 Oct 2025 monthly Jan 2004 - Oct 2025
Singapore (USD mn) 379,412.1 Oct 2025 monthly Apr 2000 - Oct 2025
Slovakia (USD mn) 11,596.5 Oct 2025 monthly Dec 1999 - Oct 2025
Slovenia (USD mn) 1,556.6 Aug 2025 monthly Jan 1994 - Aug 2025
South Africa (USD mn) 48,353.0 Oct 2025 monthly Jan 2001 - Oct 2025
Spain (USD mn) 67,996.8 Oct 2025 monthly Jan 1987 - Oct 2025
Sri Lanka (USD mn) 6,101.6 Oct 2025 monthly Dec 1956 - Oct 2025
Sudan (USD mn) 0.0 Dec 2017 monthly Jul 1960 - Dec 2017
Sweden (USD mn) 45,818.0 Oct 2025 monthly Mar 2000 - Oct 2025
Switzerland (USD mn) 902,110.1 Oct 2025 monthly Jun 1999 - Oct 2025
Syria (USD mn) 16,221.1 Jun 2011 monthly Dec 1950 - Jun 2011

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 97,066.2 Jun 2025 quarterly Dec 2006 - Jun 2025
Government Debt: % of GDP (%) 37.5 Jun 2025 quarterly Dec 2010 - Jun 2025
Forecast: Government Expenditure (NGN bn) 109,186.865 2030 yearly 1990 - 2030
Forecast: Government Net Debt (NGN bn) 295,803.687 2030 yearly 1990 - 2030
Forecast: Government Revenue (NGN bn) 80,747.215 2030 yearly 1990 - 2030
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,213.2 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports (USD mn) 4,858.0 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports Growth (%) 22.6 Jun 2025 monthly Jan 2004 - Jun 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 2.5 Jun 2025 monthly Jan 2004 - Jun 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 264.685 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports from USA (USD mn) 503.329 Jun 2025 monthly Dec 2009 - Jun 2025
Total Exports to China (USD mn) 174.147 Jun 2025 monthly Jan 2007 - Jun 2025
Total Imports from China (USD mn) 1,013.525 Jun 2025 monthly Jan 2007 - Jun 2025
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -551.1 Mar 2025 quarterly Mar 2008 - Mar 2025
Current Account Balance (USD mn) 3,726.7 Mar 2025 quarterly Mar 2014 - Mar 2025
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 246.9 Mar 2025 quarterly Mar 2014 - Mar 2025
Foreign Direct Investment: % of GDP (%) 0.4 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment (USD mn) -5,026.384 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: % of GDP (%) -8.1 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -133.9 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -4,892.510 Mar 2025 quarterly Mar 2008 - Mar 2025
External Debt (USD mn) 46,983.4 Jun 2025 quarterly Dec 2006 - Jun 2025
External Debt: % of GDP (%) 18.6 2024 yearly 1985 - 2024
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) 2.643 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,555.096 2024 yearly 2005 - 2024
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 27,684.996 Oct 2025 monthly Apr 1990 - Oct 2025
Money Supply M2 (USD mn) 83,749.939 Oct 2025 monthly Apr 1990 - Oct 2025
M2 Growth (%) 10.2 Oct 2025 monthly Apr 1991 - Oct 2025
Reserve Requirement Ratio (%) 45.0 Oct 2025 monthly Nov 2005 - Oct 2025
Foreign Exchange Reserves (USD mn) 38,880.0 Jan 2025 monthly Jan 1960 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 16.359 Dec 2024 quarterly Dec 2010 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 10.9 Jan 2025 monthly Jan 2003 - Jan 2025
Gold Reserves (USD mn) 2,152.409 Mar 2025 monthly Dec 1950 - Mar 2025
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 69,798.2 Oct 2025 monthly Apr 1990 - Oct 2025
Domestic Credit Growth (%) -12.6 Oct 2025 monthly Apr 1991 - Oct 2025
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025

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