Nigeria Foreign Exchange Reserves

1960 - 2024 | Monthly | USD mn | Central Bank of Nigeria

Key information about Nigeria Foreign Exchange Reserves

  • Nigeria Foreign Exchange Reserves was measured at 32.3 USD bn in Jan 2024, compared with 33.2 USD bn in the previous month
  • Nigeria Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 1960 to Jan 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 8.2 Months of Import in Jan 2024.
  • Its Money Supply M2 increased 72.9 USD bn YoY in Apr 2024.
  • Nigeria Domestic Credit reached 69.9 USD bn in Apr 2024, representing an increased of 24.8 % YoY.

View Nigeria's Foreign Exchange Reserves from Jan 1960 to Jan 2024 in the chart:

Nigeria Foreign Exchange Reserves

What was Nigeria's Foreign Exchange Reserves in Jan 2024?

Nigeria Foreign Exchange Reserves was measured at 32.3 USD bn in Jan 2024, compared with 33.2 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
32,260.0 Jan 2024 33,217.6 Dec 2023 63.2 Jun 1968 62,081.9 Sep 2008 USD mn monthly Jan 1960 - Jan 2024

Foreign Exchange Reserves by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 5,290.3 Apr 2024 monthly Dec 1993 - Apr 2024
Algeria (USD mn) 65,873.1 May 2024 monthly Jan 1968 - May 2024
Argentina (USD mn) 24,028.8 May 2024 monthly Dec 1956 - May 2024
Armenia (USD mn) 3,199.3 May 2024 monthly Dec 1993 - May 2024
Australia (USD mn) 35,634.2 May 2024 monthly Jul 1969 - May 2024
Austria (USD mn) 3,175.7 May 2024 monthly Jan 1957 - May 2024
Azerbaijan (USD mn) 13,168.6 Apr 2024 monthly Dec 1992 - Apr 2024
Bahrain (USD mn) 4,077.4 Feb 2024 monthly Oct 1965 - Feb 2024
Bangladesh (USD mn) 26,152.4 May 2023 monthly Dec 1972 - May 2023
Belarus (USD mn) 2,973.1 May 2024 monthly Dec 2002 - May 2024
Belgium (USD mn) 8,100.0 Apr 2024 monthly Jan 1999 - Apr 2024
Bolivia (USD mn) 139.3 Apr 2024 monthly Jan 1999 - Apr 2024
Bosnia and Herzegovina (USD mn) 8,577.5 Apr 2024 monthly Aug 1997 - Apr 2024
Botswana (USD mn) 5,165.9 Apr 2021 monthly Jan 1992 - Apr 2021
Brazil (USD mn) 323,385.2 May 2024 monthly Nov 2000 - May 2024
Brunei (USD mn) 3,194.9 Feb 2024 monthly Dec 1999 - Feb 2024
Bulgaria (USD mn) 34,613.8 May 2024 monthly Sep 2003 - May 2024
Cambodia (USD mn) 15,643.0 Jul 2023 monthly Dec 1993 - Jul 2023
Canada (USD mn) 95,171.0 May 2024 monthly Jun 1999 - May 2024
Chile (USD mn) 41,788.8 May 2024 monthly Jan 1982 - May 2024
China (USD mn) 3,232,039.0 May 2024 monthly Jan 1989 - May 2024
Colombia (USD mn) 55,629.1 May 2024 monthly Dec 1956 - May 2024
Croatia (USD mn) 28,293.0 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (USD mn) 247.7 May 2024 monthly Jan 2002 - May 2024
Czech Republic (USD mn) 140,831.7 May 2024 monthly Mar 2000 - May 2024
Denmark (USD mn) 81,610.1 May 2024 monthly Jan 2002 - May 2024
Ecuador (USD mn) 4,702.7 May 2024 monthly Dec 1956 - May 2024
Egypt (USD mn) 34,069.2 May 2024 monthly Dec 2004 - May 2024
Estonia (USD mn) 1,790.0 May 2024 monthly Jan 2001 - May 2024
European Union (USD mn) 297,466.7 May 2024 monthly Dec 1999 - May 2024
Finland (USD mn) 8,080.3 May 2024 monthly Jan 2000 - May 2024
France (USD mn) 28,894.9 May 2024 monthly Feb 2004 - May 2024
Georgia (USD mn) 3,601.2 May 2024 monthly Oct 1995 - May 2024
Germany (USD mn) 36,376.4 May 2024 monthly Jan 1957 - May 2024
Ghana (USD mn) 3,368.9 Jan 2024 monthly Jan 1965 - Jan 2024
Greece (USD mn) 4,083.5 May 2024 monthly Jan 2004 - May 2024
Hong Kong SAR, China (USD mn) 417,083.0 May 2024 monthly Apr 2000 - May 2024
Hungary (USD mn) 42,000.1 May 2024 monthly Jan 1998 - May 2024
Iceland (USD mn) 5,844.5 May 2024 monthly Oct 2000 - May 2024
India (USD mn) 572,564.0 May 2024 monthly Apr 1989 - May 2024
Indonesia (USD mn) 124,660.6 May 2024 monthly Apr 2000 - May 2024
Ireland (USD mn) 5,110.0 Jun 2024 monthly Jan 1999 - Jun 2024
Israel (USD mn) 205,723.4 May 2024 monthly Dec 2001 - May 2024
Italy (USD mn) 50,277.0 May 2024 monthly Dec 1999 - May 2024
Ivory Coast (USD mn) 5.1 Apr 2024 monthly Jul 1962 - Apr 2024
Japan (USD mn) 1,100,113.0 May 2024 monthly Apr 2000 - May 2024
Jordan (USD mn) 14,256.7 Apr 2024 monthly Jan 1958 - Apr 2024
Kazakhstan (USD mn) 14,088.0 Apr 2024 monthly Dec 2002 - Apr 2024
Kenya (USD mn) 7,340.8 Dec 2023 monthly Dec 2000 - Dec 2023
South Korea (USD mn) 388,909.2 May 2024 monthly Dec 1956 - May 2024
Kosovo (USD mn) 1,206.6 May 2024 monthly Dec 2000 - May 2024
Kuwait (USD mn) 43,803.4 Apr 2024 monthly Jan 1964 - Apr 2024
Kyrgyzstan (USD mn) 1,560.1 May 2024 monthly Jul 1995 - May 2024
Laos (USD mn) 1,677.3 Dec 2023 monthly Dec 1988 - Dec 2023
Latvia (USD mn) 3,891.5 May 2024 monthly Jan 1997 - May 2024
Lebanon (USD mn) 14,076.1 Jul 2023 monthly Jun 1990 - Jul 2023
Lithuania (USD mn) 4,443.4 May 2024 monthly Jun 1993 - May 2024
Luxembourg (USD mn) 191.7 May 2024 monthly Jan 1999 - May 2024
Macau SAR, China (USD mn) 28,434.5 Apr 2024 monthly Jun 1984 - Apr 2024
North Macedonia (USD mn) 4,135.5 May 2024 monthly Dec 1993 - May 2024
Malawi (USD mn) 413.8 Oct 2021 monthly Jun 1965 - Oct 2021
Malaysia (USD mn) 103,900.0 Jun 2024 monthly Apr 2000 - Jun 2024
Malta (USD mn) 959.6 May 2024 monthly Jan 1960 - May 2024
Mauritius (USD mn) 6,445.0 May 2024 monthly Mar 1960 - May 2024
Mexico (USD mn) 193,192.4 Apr 2024 monthly Jan 2000 - Apr 2024
Moldova (USD mn) 5,264.3 Jun 2024 monthly Jan 2000 - Jun 2024
Mongolia (USD mn) 4,579.2 May 2024 monthly Dec 1992 - May 2024
Montenegro (USD mn) 1,731.3 Apr 2024 monthly Dec 2002 - Apr 2024
Morocco (USD mn) 33,392.4 May 2024 monthly Dec 2001 - May 2024
Mozambique (USD mn) 3,586.6 Apr 2024 monthly Mar 1984 - Apr 2024
Myanmar (USD mn) 7,704.9 Mar 2021 quarterly Dec 1950 - Mar 2021
Nepal (USD mn) 12,888.4 May 2024 monthly Jan 2002 - May 2024
Netherlands (USD mn) 7,235.4 May 2024 monthly Sep 1999 - May 2024
New Zealand (USD mn) 13,804.6 May 2024 monthly Sep 2005 - May 2024
Nigeria (USD mn) 32,260.0 Jan 2024 monthly Jan 1960 - Jan 2024
Norway (USD mn) 74,292.1 May 2024 monthly Jan 1999 - May 2024
Oman (USD mn) 15,787.3 Mar 2024 monthly Apr 1970 - Mar 2024
Pakistan (USD mn) 13,750.4 Apr 2024 monthly Jan 1959 - Apr 2024
Palestinian Territory (USD mn) 663.1 May 2024 monthly Jan 2006 - May 2024
Panama (USD mn) 5,245.6 May 2024 monthly Oct 1969 - May 2024
Paraguay (USD mn) 9,031.5 May 2024 monthly Dec 1956 - May 2024
Peru (USD mn) 68,559.0 Apr 2024 monthly Dec 1956 - Apr 2024
Philippines (USD mn) 90,482.8 May 2024 monthly Jan 1960 - May 2024
Poland (USD mn) 172,603.2 May 2024 monthly Jan 1998 - May 2024
Portugal (USD mn) 5,371.0 Sep 2023 monthly Dec 1999 - Sep 2023
Qatar (USD mn) 42,879.5 Apr 2024 monthly Dec 1966 - Apr 2024
Romania (USD mn) 66,951.7 May 2024 monthly Apr 2005 - May 2024
Russia (USD mn) 395,089.0 May 2024 monthly Dec 1996 - May 2024
Saudi Arabia (USD mn) 420,055.7 Apr 2024 monthly Jan 2001 - Apr 2024
Serbia (USD mn) 23,738.8 Apr 2024 monthly Jan 2004 - Apr 2024
Singapore (USD mn) 355,748.1 May 2024 monthly Apr 2000 - May 2024
Slovakia (USD mn) 9,143.6 May 2024 monthly Dec 1999 - May 2024
Slovenia (USD mn) 1,160.3 Apr 2024 monthly Jan 1994 - Apr 2024
South Africa (USD mn) 45,952.0 May 2024 monthly Jan 2001 - May 2024
Spain (USD mn) 62,581.4 May 2024 monthly Jan 1987 - May 2024
Sri Lanka (USD mn) 5,368.2 May 2024 monthly Dec 1956 - May 2024
Sudan (USD mn) 0.0 Dec 2017 monthly Jul 1960 - Dec 2017
Sweden (USD mn) 41,990.0 May 2024 monthly Mar 2000 - May 2024
Switzerland (USD mn) 795,406.0 May 2024 monthly Jun 1999 - May 2024
Syria (USD mn) 16,221.1 Jun 2011 monthly Dec 1950 - Jun 2011

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Consolidated Fiscal Balance (USD mn) -3,071.175 Sep 2023 quarterly Mar 2005 - Sep 2023
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 2024
Forecast: Government Expenditure (NGN bn) 99,387.936 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 205,772.040 2028 yearly 1990 - 2028
Forecast: Government Revenue (NGN bn) 74,924.965 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -2,347.160 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Revenue (NGN bn) 1,693.020 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure (NGN bn) 4,040.180 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Capital (NGN bn) 1,043.310 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue (NGN bn) 4,791.390 Sep 2023 quarterly Mar 2005 - Sep 2023
Federal Govt Expenditure: Recurrent (NGN bn) 2,791.110 Sep 2023 quarterly Mar 2005 - Sep 2023
Gross Federation Account Revenue: Oil (NGN bn) 814.230 Sep 2023 quarterly Mar 2005 - Sep 2023
Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,428.5 Mar 2024 monthly Jan 2003 - Mar 2024
Total Exports (USD mn) 4,145.4 Mar 2024 monthly Jan 2003 - Mar 2024
Total Exports Growth (%) 174.1 Mar 2024 monthly Jan 2004 - Mar 2024
Aluminum: Exports (USD th) 165,856.846 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 86.2 Mar 2024 monthly Jan 2004 - Mar 2024
Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 318.790 Mar 2024 monthly Jan 2003 - Mar 2024
Total Imports from USA (USD mn) 171.033 Mar 2024 monthly Dec 2009 - Mar 2024
Total Exports to China (USD mn) 147.623 Mar 2024 monthly Jan 2007 - Mar 2024
Total Imports from China (USD mn) 783.503 Mar 2024 monthly Jan 2007 - Mar 2024
Total Trade (NGN mn) 10,367,708.701 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Growth Rate: MoM (%) -14.880 Mar 2024 monthly Jan 2019 - Mar 2024
Exports: Growth Rate: MoM (%) -5.925 Mar 2024 monthly Jan 2019 - Mar 2024
Imports (NGN mn) 4,104,729.001 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: Crude Oil (NGN mn) 4,802,606.939 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: Europe: ow UK (NGN mn) 45,513.199 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: Europe: ow Netherlands (NGN mn) 306,499.089 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: America: ow USA (NGN mn) 481,641.252 Mar 2024 monthly Jan 2003 - Mar 2024
Exports (NGN mn) 6,262,979.700 Mar 2024 monthly Jan 2003 - Mar 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 149,192.106 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Europe: ow Germany (NGN mn) 100,497.011 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: America: ow USA (NGN mn) 258,403.312 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Europe: ow UK (NGN mn) 55,709.208 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Asia: ow China (NGN mn) 1,183,749.918 Mar 2024 monthly Jan 2007 - Mar 2024
Imports: Chemicals and Chemical Products (NGN mn) 695,829.604 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Manufactured Goods (NGN mn) 473,102.250 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,292,859.004 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 809,093.260 Mar 2024 monthly Jan 2003 - Mar 2024
Imports: Food and Live Animals (NGN mn) 576,995.375 Mar 2024 monthly Jan 2003 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 44.0 Sep 2023 quarterly Mar 2008 - Sep 2023
Current Account Balance (USD mn) 1,545.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Current Account Balance: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.1 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2,876.923 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 270.9 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,606.059 Sep 2023 quarterly Mar 2008 - Sep 2023
External Debt (USD mn) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
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) 0.890 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -90,273.874 2022 yearly 2005 - 2022
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
External Debt: Government: International Capital Market (USD mn) 15,118.350 Mar 2024 quarterly Mar 2011 - Mar 2024
Capital Inflow: Foreign Direct Investment (USD) 20,080,525.860 Nov 2022 monthly Jan 2007 - Nov 2022
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) 25,433.454 Apr 2024 monthly Nov 1992 - Apr 2024
Money Supply M2 (USD mn) 72,921.079 Apr 2024 monthly Nov 1992 - Apr 2024
M2 Growth (%) 74.2 Apr 2024 monthly Nov 1993 - Apr 2024
Reserve Requirement Ratio (%) 45.0 May 2024 monthly Nov 2005 - May 2024
Foreign Exchange Reserves (USD mn) 32,260.0 Jan 2024 monthly Jan 1960 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 8.942 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 8.2 Jan 2024 monthly Jan 2003 - Jan 2024
Gold Reserves (USD mn) 1,485.381 Dec 2023 monthly Dec 1950 - Dec 2023
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) 69,859.2 Apr 2024 monthly Nov 1992 - Apr 2024
Domestic Credit Growth (%) 24.8 Apr 2024 monthly Nov 1993 - Apr 2024
Private Debt: % of Nominal GDP (%) 16.22 Sep 2023 quarterly Dec 2010 - Sep 2023
Monetary Survey: Liabilities: M2 (NGN mn) 96,963,523.960 Apr 2024 monthly Nov 1992 - Apr 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 33,818,990.810 Apr 2024 monthly Nov 1992 - Apr 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 63,144,533.150 Apr 2024 monthly Nov 1992 - Apr 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: Base Money (NGN mn) 24,387,924.330 Apr 2024 monthly Jan 1993 - Apr 2024
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) 2.4 Jan 2024 monthly Jul 2015 - Jan 2024

More Indicators for Nigeria

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data