Nigeria Foreign Exchange Reserves: Months of Import

2003 - 2025 | Monthly | NA | CEIC Data

Key information about Nigeria Foreign Exchange Reserves: Months of Import

  • Nigeria Foreign Exchange Reserves equaled 12.7 Months of Import in Sep 2025, compared with the ratio of 11.5 in the previous month
  • Nigeria Foreign Exchange Reserves: Months of Import data is updated monthly, available from Jan 2003 to Sep 2025
  • The data reached an all-time high of 37.8 in Nov 2007 and a record low of 3.2 in Mar 2011

CEIC calculates monthly Foreign Exchange Reserves as Months of Import from monthly Foreign Exchange Reserves and monthly Imports. The Central Bank of Nigeria provides Foreign Exchange Reserves in USD. The National Bureau of Statistics provides Imports in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions. Foreign Exchange Reserves excludes SDRs, Gold and IMF position

View Nigeria's Foreign Exchange Reserves: Months of Import from Jan 2003 to Sep 2025 in the chart:

Nigeria Foreign Exchange Reserves: Months of Import

What was Nigeria's Foreign Exchange Reserves: Months of Import in Sep 2025?

Nigeria Foreign Exchange Reserves equaled 12.7 Months of Import in Sep 2025, compared with the ratio of 11.5 in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
12.7 Sep 2025 11.5 Aug 2025 3.2 Mar 2011 37.8 Nov 2007 NA monthly Jan 2003 - Sep 2025

Foreign Exchange Reserves: Months of Import by Country Comparison

country/region Last Frequency Range
Albania (NA) 7.7 Oct 2025 monthly Dec 1993 - Oct 2025
Algeria (NA) 15.7 Dec 2020 monthly Jan 2000 - Dec 2020
Argentina (NA) 4.3 Oct 2025 monthly Jan 1990 - Oct 2025
Armenia (NA) 6.4 Jan 2026 monthly Jan 2000 - Jan 2026
Australia (NA) 1.5 Sep 2025 monthly Jul 1971 - Sep 2025
Austria (NA) 0.3 Dec 2025 monthly Jan 1957 - Dec 2025
Azerbaijan (NA) 10.2 Jan 2026 monthly Mar 1994 - Jan 2026
Bahrain (NA) 2.2 2024 yearly 1966 - 2024
Bangladesh (NA) 4.1 Dec 2025 monthly Jul 1986 - Dec 2025
Belarus (NA) 1.2 Dec 2025 monthly Dec 2002 - Dec 2025
Belgium (NA) 0.1 Dec 2025 monthly Jan 1999 - Dec 2025
Bolivia (NA) 0.8 Jan 2026 monthly Jan 2000 - Jan 2026
Bosnia and Herzegovina (NA) 9.7 Jan 2026 monthly Jan 2000 - Jan 2026
Botswana (NA) 7.2 Sep 2025 monthly Jan 2003 - Sep 2025
Brazil (NA) 14.4 Feb 2026 monthly Nov 2000 - Feb 2026
Brunei (NA) 5.3 Dec 2025 monthly Jan 2010 - Dec 2025
Bulgaria (NA) 0.2 Jan 2026 monthly Sep 2003 - Jan 2026
Cambodia (NA) 6.0 May 2025 monthly Jan 2010 - May 2025
Canada (NA) 2.1 Dec 2025 monthly Jun 1999 - Dec 2025
Chile (NA) 7.3 Feb 2026 monthly Jan 2003 - Feb 2026
China (NA) 16.4 Feb 2026 monthly Jan 2000 - Feb 2026
Colombia (NA) 10.1 Dec 2025 monthly Jan 1980 - Dec 2025
Croatia (NA) 8.0 Dec 2022 monthly Jan 1999 - Dec 2022
Cyprus (NA) 0.2 Jan 2026 monthly Jan 2002 - Jan 2026
Czech Republic (NA) 7.8 Jan 2026 monthly Mar 2000 - Jan 2026
Denmark (NA) 7.6 Jan 2026 monthly Jan 2002 - Jan 2026
Ecuador (NA) 2.7 Jan 2026 monthly Jan 2005 - Jan 2026
Egypt (NA) 4.3 Oct 2025 monthly Dec 2004 - Oct 2025
Estonia (NA) 0.9 Jan 2026 monthly Jan 2001 - Jan 2026
European Union (NA) 1.3 Dec 2025 monthly Jan 2002 - Dec 2025
Finland (NA) 1.4 Jan 2026 monthly Jan 2000 - Jan 2026
France (NA) 0.5 Jan 2026 monthly Feb 2004 - Jan 2026
Georgia (NA) 3.7 Feb 2026 monthly Oct 1995 - Feb 2026
Germany (NA) 0.3 Jan 2026 monthly Jan 1957 - Jan 2026
Ghana (NA) 3.0 Oct 2025 monthly Mar 2005 - Oct 2025
Greece (NA) 0.6 Jan 2026 monthly Jan 2004 - Jan 2026
Hong Kong SAR, China (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Hungary (NA) 3.5 Jan 2026 monthly Jan 2002 - Jan 2026
Iceland (NA) 9.4 Feb 2026 monthly Oct 2000 - Feb 2026
India (NA) 7.4 Oct 2025 monthly Apr 1990 - Oct 2025
Indonesia (NA) 6.2 Jan 2026 monthly Jan 2008 - Jan 2026
Ireland (NA) 0.3 Dec 2025 monthly Jan 1999 - Dec 2025
Israel (NA) 26.1 Feb 2026 monthly Dec 2001 - Feb 2026
Italy (NA) 1.0 Dec 2025 monthly Dec 1999 - Dec 2025
Ivory Coast (NA) 0.0 Mar 2025 monthly Jan 1981 - Mar 2025
Japan (NA) 19.5 Feb 2026 monthly Apr 2000 - Feb 2026
Jordan (NA) 7.3 Dec 2025 monthly Jan 1972 - Dec 2025
Kazakhstan (NA) 2.9 Jan 2026 monthly Dec 2002 - Jan 2026
Kenya (NA) 5.3 Dec 2025 monthly Sep 2005 - Dec 2025
South Korea (NA) 7.7 Feb 2026 monthly Jan 1971 - Feb 2026
Kosovo (NA) 1.8 Dec 2025 monthly Jan 2003 - Dec 2025
Kuwait (NA) 10.9 Sep 2025 quarterly Mar 1973 - Sep 2025
Kyrgyzstan (NA) 2.2 Jan 2026 monthly Jan 2003 - Jan 2026
Laos (NA) 3.1 Jun 2025 quarterly Mar 2004 - Jun 2025
Latvia (NA) 0.1 Jan 2026 monthly Jan 1997 - Jan 2026
Lebanon (NA) 5.7 Apr 2025 monthly Jan 1993 - Apr 2025
Lithuania (NA) 1.5 Jan 2026 monthly Jan 1999 - Jan 2026
Luxembourg (NA) 0.0 Dec 2025 monthly Jan 1999 - Dec 2025
Macau SAR, China (NA) 18.3 Jan 2026 monthly Jan 2000 - Jan 2026
North Macedonia (NA) 5.9 Jan 2026 monthly Jan 2002 - Jan 2026
Malawi (NA) 1.7 Oct 2021 monthly Jan 1994 - Oct 2021
Malaysia (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Malta (NA) 1.7 Jan 2026 monthly Oct 1994 - Jan 2026
Mauritius (NA) 13.0 Dec 2025 monthly Jan 2006 - Dec 2025
Mexico (NA) 4.3 Jan 2026 monthly Jan 2000 - Jan 2026
Moldova (NA) 6.1 Jan 2026 monthly Jan 2005 - Jan 2026
Mongolia (NA) 6.3 Jan 2026 monthly Jan 1997 - Jan 2026
Montenegro (NA) 4.5 Dec 2025 monthly Jan 2005 - Dec 2025
Morocco (NA) 6.7 Jan 2026 monthly Dec 2001 - Jan 2026
Mozambique (NA) 4.8 Dec 2025 monthly Jan 2011 - Dec 2025
Myanmar (NA) 5.2 Jun 2022 quarterly Sep 2010 - Jun 2022
Nepal (NA) 59.4 Feb 2026 monthly Aug 2003 - Feb 2026
Netherlands (NA) 0.2 Jan 2026 monthly Sep 1999 - Jan 2026
New Zealand (NA) 6.8 Jan 2026 monthly Sep 2005 - Jan 2026
Nigeria (NA) 12.7 Sep 2025 monthly Jan 2003 - Sep 2025
Norway (NA) 8.8 Feb 2026 monthly Jan 1999 - Feb 2026
Oman (NA) 4.9 Nov 2025 monthly Jan 1975 - Nov 2025
Pakistan (NA) 3.6 Jan 2026 monthly Jan 1996 - Jan 2026
Palestinian Territory (NA) 1.1 Dec 2025 monthly Jan 2011 - Dec 2025
Panama (NA) 5.0 Jan 2026 monthly Jan 2000 - Jan 2026
Paraguay (NA) 6.6 Feb 2026 monthly Jan 1994 - Feb 2026
Peru (NA) 16.4 Jan 2026 monthly Jan 1985 - Jan 2026
Philippines (NA) 7.8 Jan 2026 monthly Jan 1979 - Jan 2026
Poland (NA) 5.9 Jan 2026 monthly Jan 2000 - Jan 2026
Portugal (NA) 1.1 Jan 2026 monthly Dec 1999 - Jan 2026
Qatar (NA) 10.1 Jan 2026 monthly Jan 1998 - Jan 2026
Romania (NA) 6.8 Jan 2026 monthly Apr 2005 - Jan 2026
Russia (NA) 20.6 Jan 2026 monthly Jan 1998 - Jan 2026
Saudi Arabia (NA) 20.5 2025 yearly 1957 - 2025
Serbia (NA) 8.9 Jan 2026 monthly Jan 2004 - Jan 2026
Singapore (NA) 9.4 Feb 2026 monthly Apr 2000 - Feb 2026
Slovakia (NA) 1.2 Jan 2026 monthly Jan 2004 - Jan 2026
Slovenia (NA) 0.3 Jan 2026 monthly Jan 1996 - Jan 2026
South Africa (NA) 5.8 Jan 2026 monthly Oct 2004 - Jan 2026
Spain (NA) 1.6 Dec 2025 monthly Jan 1987 - Dec 2025
Sri Lanka (NA) 3.7 Jan 2026 monthly Jan 1982 - Jan 2026
Sudan (NA) 0.0 Dec 2017 monthly Jan 2003 - Dec 2017
Sweden (NA) 2.7 Jan 2026 monthly Mar 2000 - Jan 2026
Switzerland (NA) 19.6 Feb 2026 monthly Jun 1999 - Feb 2026
Syria (NA) 9.8 Jun 2011 quarterly Mar 1960 - 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) 101,223.7 Sep 2025 quarterly Dec 2006 - Sep 2025
Government Debt: % of GDP (%) 36.2 Sep 2025 quarterly Dec 2010 - Sep 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
Gross Federation Account Revenue: Oil (NGN bn) 3,518.110 Sep 2025 quarterly Mar 2005 - Sep 2025
Gross Federation Account Revenue (NGN bn) 11,925.570 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Balance (NGN bn) -3,301.610 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) 245.1 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports (USD mn) 4,367.5 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports Growth (%) -9.2 Dec 2025 monthly Jan 2004 - Dec 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 (%) 9.9 Dec 2025 monthly Jan 2004 - Dec 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) 162.467 Dec 2025 monthly Jan 2003 - Dec 2025
Total Imports from USA (USD mn) 309.728 Dec 2025 monthly Dec 2009 - Dec 2025
Total Exports to China (USD mn) 157.315 Dec 2025 monthly Jan 2007 - Dec 2025
Total Imports from China (USD mn) 1,415.075 Dec 2025 monthly Jan 2007 - Dec 2025
Exports: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports: America: ow USA (NGN mn) 235,634.548 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow Netherlands (NGN mn) 663,947.498 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow UK (NGN mn) 47,516.769 Dec 2025 monthly Jan 2003 - Dec 2025
Exports (NGN mn) 6,334,358.836 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,191,103.588 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Manufactured Goods (NGN mn) 621,984.130 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Chemicals and Chemical Products (NGN mn) 999,721.947 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Food and Live Animals (NGN mn) 850,483.714 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Machinery and Transport Equipment (NGN mn) 1,929,321.105 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Netherlands (NGN mn) 446,202.327 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: America: ow USA (NGN mn) 449,215.349 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Germany (NGN mn) 145,581.678 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Asia: ow China (NGN mn) 2,052,359.077 Dec 2025 monthly Jan 2007 - Dec 2025
Imports: Europe: ow UK (NGN mn) 302,058.111 Dec 2025 monthly Jan 2003 - Dec 2025
Imports (NGN mn) 5,978,855.607 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Crude Oil (NGN mn) 3,256,138.155 Dec 2025 monthly Jan 2003 - Dec 2025
Total Trade (NGN mn) 12,313,214.443 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Growth Rate: MoM (%) 14.404 Dec 2025 monthly Jan 2019 - Dec 2025
Exports: Growth Rate: MoM (%) 3.151 Dec 2025 monthly Jan 2019 - Dec 2025
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) -164.4 Sep 2025 quarterly Mar 2008 - Sep 2025
Current Account Balance (USD mn) 3,416.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Current Account Balance: % of GDP (%) 4.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment (USD mn) 718.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.0 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) 2,512.415 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.4 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 402.5 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,109.957 Sep 2025 quarterly Mar 2008 - Sep 2025
External Debt (USD mn) 48,462.9 Sep 2025 quarterly Dec 2006 - Sep 2025
External Debt: % of GDP (%) 11.9 2024 yearly 1985 - 2024
External Debt: Short Term (USD mn) 1,513.7 2022 yearly 2008 - 2022
External Debt: Short Term: % of GDP (%) 0.2 2022 yearly 2008 - 2022
Forecast: Current Account Balance (USD bn) 5.732 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,546.495 2024 yearly 2005 - 2024
External Debt: Government (USD mn) 48,462.930 Sep 2025 quarterly Dec 2006 - Sep 2025
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
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) 30,541.947 Jan 2026 monthly Apr 1990 - Jan 2026
Money Supply M2 (USD mn) 88,997.123 Jan 2026 monthly Apr 1990 - Jan 2026
M2 Growth (%) 11.0 Jan 2026 monthly Apr 1991 - Jan 2026
Reserve Requirement Ratio (%) 45.0 Jan 2026 monthly Nov 2005 - Jan 2026
Foreign Exchange Reserves (USD mn) 42,772.1 Sep 2025 monthly Jan 1960 - Sep 2025
Foreign Exchange Reserves: % of GDP (%) 16.154 Sep 2025 quarterly Dec 2010 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 12.7 Sep 2025 monthly Jan 2003 - Sep 2025
Gold Reserves (USD mn) 2,660.953 Sep 2025 monthly Dec 1950 - Sep 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) 78,949.7 Jan 2026 monthly Apr 1990 - Jan 2026
Domestic Credit Growth (%) 6.9 Jan 2026 monthly Apr 1991 - Jan 2026
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 42,332,762.940 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2 (NGN mn) 123,354,746.700 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: Base Money (NGN mn) 35,990,427.220 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 81,021,983.730 Jan 2026 monthly Apr 1990 - Jan 2026
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 5.760 Jun 2025 semiannually Dec 2003 - Jun 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 13.6 Feb 2026 monthly Jul 2015 - Feb 2026

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