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 10.9 Months of Import in Jan 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 Jan 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 Jan 2025 in the chart:

Nigeria Foreign Exchange Reserves: Months of Import

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

Nigeria Foreign Exchange Reserves equaled 10.9 Months of Import in Jan 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
10.9 Jan 2025 11.5 Dec 2024 3.2 Mar 2011 37.8 Nov 2007 NA monthly Jan 2003 - Jan 2025

Foreign Exchange Reserves: Months of Import by Country Comparison

country/region Last Frequency Range
Albania (NA) 8.6 Sep 2025 monthly Dec 1993 - Sep 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) 4.4 Sep 2025 monthly Jan 2000 - Sep 2025
Australia (NA) 1.5 Sep 2025 monthly Jul 1971 - Sep 2025
Austria (NA) 0.3 Aug 2025 monthly Jan 1957 - Aug 2025
Azerbaijan (NA) 7.5 Sep 2025 monthly Mar 1994 - Sep 2025
Bahrain (NA) 2.2 2024 yearly 1966 - 2024
Bangladesh (NA) 4.1 Sep 2025 monthly Jul 1986 - Sep 2025
Belarus (NA) 1.3 Sep 2025 monthly Dec 2002 - Sep 2025
Belgium (NA) 0.1 Sep 2025 monthly Jan 1999 - Sep 2025
Bolivia (NA) 0.2 Aug 2025 monthly Jan 2000 - Aug 2025
Bosnia and Herzegovina (NA) 6.7 Sep 2025 monthly Jan 2000 - Sep 2025
Botswana (NA) 7.2 Sep 2025 monthly Jan 2003 - Sep 2025
Brazil (NA) 12.5 Oct 2025 monthly Nov 2000 - Oct 2025
Brunei (NA) 5.7 Dec 2024 monthly Jan 2010 - Dec 2024
Bulgaria (NA) 8.3 Sep 2025 monthly Sep 2003 - Sep 2025
Cambodia (NA) 6.0 May 2025 monthly Jan 2010 - May 2025
Canada (NA) 2.0 Aug 2025 monthly Jun 1999 - Aug 2025
Chile (NA) 5.5 Oct 2025 monthly Jan 2003 - Oct 2025
China (NA) 15.5 Oct 2025 monthly Jan 2000 - Oct 2025
Colombia (NA) 9.9 Sep 2025 monthly Jan 1980 - Sep 2025
Croatia (NA) 8.0 Dec 2022 monthly Jan 1999 - Dec 2022
Cyprus (NA) 0.2 Sep 2025 monthly Jan 2002 - Sep 2025
Czech Republic (NA) 6.9 Sep 2025 monthly Mar 2000 - Sep 2025
Denmark (NA) 7.4 Sep 2025 monthly Jan 2002 - Sep 2025
Ecuador (NA) 1.8 Sep 2025 monthly Jan 2005 - Sep 2025
Egypt (NA) 4.3 Oct 2025 monthly Dec 2004 - Oct 2025
Estonia (NA) 0.9 Sep 2025 monthly Jan 2001 - Sep 2025
European Union (NA) 1.2 Sep 2025 monthly Jan 2002 - Sep 2025
Finland (NA) 1.3 Sep 2025 monthly Jan 2000 - Sep 2025
France (NA) 0.5 Sep 2025 monthly Feb 2004 - Sep 2025
Georgia (NA) 2.9 Oct 2025 monthly Oct 1995 - Oct 2025
Germany (NA) 0.3 Sep 2025 monthly Jan 1957 - Sep 2025
Ghana (NA) 2.4 Jan 2024 monthly Mar 2005 - Jan 2024
Greece (NA) 0.5 Sep 2025 monthly Jan 2004 - Sep 2025
Hong Kong SAR, China (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Hungary (NA) 2.8 Oct 2025 monthly Jan 2002 - Oct 2025
Iceland (NA) 7.6 Oct 2025 monthly Oct 2000 - Oct 2025
India (NA) 7.4 Oct 2025 monthly Apr 1990 - Oct 2025
Indonesia (NA) 6.0 Oct 2025 monthly Jan 2008 - Oct 2025
Ireland (NA) 0.4 Sep 2025 monthly Jan 1999 - Sep 2025
Israel (NA) 30.6 Oct 2025 monthly Dec 2001 - Oct 2025
Italy (NA) 0.9 Sep 2025 monthly Dec 1999 - Sep 2025
Ivory Coast (NA) 0.0 Mar 2025 monthly Jan 1981 - Mar 2025
Japan (NA) 17.7 Oct 2025 monthly Apr 2000 - Oct 2025
Jordan (NA) 6.1 Sep 2025 monthly Jan 1972 - Sep 2025
Kazakhstan (NA) 2.6 Sep 2025 monthly Dec 2002 - Sep 2025
Kenya (NA) 5.0 Aug 2025 monthly Sep 2005 - Aug 2025
South Korea (NA) 7.5 Oct 2025 monthly Jan 1971 - Oct 2025
Kosovo (NA) 2.3 Oct 2025 monthly Jan 2003 - Oct 2025
Kuwait (NA) 11.8 Jun 2025 quarterly Mar 1973 - Jun 2025
Kyrgyzstan (NA) 1.8 Sep 2025 monthly Jan 2003 - Sep 2025
Laos (NA) 2.9 Jun 2025 quarterly Mar 2004 - Jun 2025
Latvia (NA) 1.8 Sep 2025 monthly Jan 1997 - Sep 2025
Lebanon (NA) 5.7 Apr 2025 monthly Jan 1993 - Apr 2025
Lithuania (NA) 1.2 Sep 2025 monthly Jan 1999 - Sep 2025
Luxembourg (NA) 0.0 Sep 2025 monthly Jan 1999 - Sep 2025
Macau SAR, China (NA) 21.2 Oct 2025 monthly Jan 2000 - Oct 2025
North Macedonia (NA) 4.2 Sep 2025 monthly Jan 2002 - Sep 2025
Malawi (NA) 1.7 Oct 2021 monthly Jan 1994 - Oct 2021
Malaysia (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Malta (NA) 1.3 Sep 2025 monthly Oct 1994 - Sep 2025
Mauritius (NA) 14.2 Sep 2025 monthly Jan 2006 - Sep 2025
Mexico (NA) 3.4 Oct 2025 monthly Jan 2000 - Oct 2025
Moldova (NA) 5.5 Sep 2025 monthly Jan 2005 - Sep 2025
Mongolia (NA) 4.6 Sep 2025 monthly Jan 1997 - Sep 2025
Montenegro (NA) 3.6 Oct 2025 monthly Jan 2005 - Oct 2025
Morocco (NA) 5.0 Oct 2025 monthly Dec 2001 - Oct 2025
Mozambique (NA) 6.1 Jun 2025 monthly Jan 2011 - Jun 2025
Myanmar (NA) 5.2 Jun 2022 quarterly Sep 2010 - Jun 2022
Nepal (NA) 14.6 Sep 2025 monthly Aug 2003 - Sep 2025
Netherlands (NA) 0.1 Sep 2025 monthly Sep 1999 - Sep 2025
New Zealand (NA) 5.2 Oct 2025 monthly Sep 2005 - Oct 2025
Nigeria (NA) 10.9 Jan 2025 monthly Jan 2003 - Jan 2025
Norway (NA) 8.1 Oct 2025 monthly Jan 1999 - Oct 2025
Oman (NA) 3.5 Sep 2025 monthly Jan 1975 - Sep 2025
Pakistan (NA) 3.2 Sep 2025 monthly Jan 1996 - Sep 2025
Palestinian Territory (NA) 0.9 Sep 2025 monthly Jan 2011 - Sep 2025
Panama (NA) 3.1 Sep 2025 monthly Jan 2000 - Sep 2025
Paraguay (NA) 5.2 Oct 2025 monthly Jan 1994 - Oct 2025
Peru (NA) 16.1 Sep 2025 monthly Jan 1985 - Sep 2025
Philippines (NA) 7.9 Oct 2025 monthly Jan 1979 - Oct 2025
Poland (NA) 5.2 Sep 2025 monthly Jan 2000 - Sep 2025
Portugal (NA) 0.6 Sep 2025 monthly Dec 1999 - Sep 2025
Qatar (NA) 11.7 Oct 2025 monthly Jan 1998 - Oct 2025
Romania (NA) 5.4 Sep 2025 monthly Apr 2005 - Sep 2025
Russia (NA) 17.3 Sep 2025 monthly Jan 1998 - Sep 2025
Saudi Arabia (NA) 21.3 2024 yearly 1957 - 2024
Serbia (NA) 6.4 Oct 2025 monthly Jan 2004 - Oct 2025
Singapore (NA) 7.9 Oct 2025 monthly Apr 2000 - Oct 2025
Slovakia (NA) 1.1 Sep 2025 monthly Jan 2004 - Sep 2025
Slovenia (NA) 0.3 Aug 2025 monthly Jan 1996 - Aug 2025
South Africa (NA) 4.7 Oct 2025 monthly Oct 2004 - Oct 2025
Spain (NA) 1.5 Sep 2025 monthly Jan 1987 - Sep 2025
Sri Lanka (NA) 2.8 Oct 2025 monthly Jan 1982 - Oct 2025
Sudan (NA) 0.0 Dec 2017 monthly Jan 2003 - Dec 2017
Sweden (NA) 2.4 Oct 2025 monthly Mar 2000 - Oct 2025
Switzerland (NA) 18.1 Oct 2025 monthly Jun 1999 - Oct 2025
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) 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
Gross Federation Account Revenue (NGN bn) 6,865.840 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: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 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
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Imports (NGN mn) 4,384,900.258 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 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: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 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 Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 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
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 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
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: 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: M2: M1 (NGN mn) 36,894,418.660 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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