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 34.8 USD bn in Jun 2024, compared with 32.8 USD bn in the previous month
  • Nigeria Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 1960 to Jun 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 16.3 Months of Import in Jun 2024.
  • Its Money Supply M2 increased 67.2 USD bn YoY in Aug 2024.
  • Nigeria Domestic Credit reached 66.3 USD bn in Aug 2024, representing an increased of 33.3 % YoY.

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

Nigeria Foreign Exchange Reserves

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

Nigeria Foreign Exchange Reserves was measured at 34.8 USD bn in Jun 2024, compared with 32.8 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
34,762.2 Jun 2024 32,821.6 May 2024 63.2 Jun 1968 62,081.9 Sep 2008 USD mn monthly Jan 1960 - Jun 2024

Foreign Exchange Reserves by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 5,618.8 Jul 2024 monthly Dec 1993 - Jul 2024
Algeria (USD mn) 66,159.0 Sep 2024 monthly Jan 1968 - Sep 2024
Argentina (USD mn) 21,843.7 Sep 2024 monthly Dec 1956 - Sep 2024
Armenia (USD mn) 3,581.5 Oct 2024 monthly Dec 1993 - Oct 2024
Australia (USD mn) 38,916.8 Oct 2024 monthly Jul 1969 - Oct 2024
Austria (USD mn) 3,550.7 Oct 2024 monthly Jan 1957 - Oct 2024
Azerbaijan (USD mn) 12,870.6 Aug 2024 monthly Dec 1992 - Aug 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) 2,943.8 Oct 2024 monthly Dec 2002 - Oct 2024
Belgium (USD mn) 5,300.0 Oct 2024 monthly Jan 1999 - Oct 2024
Bolivia (USD mn) 139.3 Apr 2024 monthly Jan 1999 - Apr 2024
Bosnia and Herzegovina (USD mn) 9,492.7 Sep 2024 monthly Aug 1997 - Sep 2024
Botswana (USD mn) 5,165.9 Apr 2021 monthly Jan 1992 - Apr 2021
Brazil (USD mn) 337,970.0 Sep 2024 monthly Nov 2000 - Sep 2024
Brunei (USD mn) 3,211.1 Jul 2024 monthly Dec 1999 - Jul 2024
Bulgaria (USD mn) 40,968.6 Sep 2024 monthly Sep 2003 - Sep 2024
Cambodia (USD mn) 16,470.9 Jun 2024 monthly Dec 1993 - Jun 2024
Canada (USD mn) 94,663.0 Oct 2024 monthly Jun 1999 - Oct 2024
Chile (USD mn) 41,506.5 Sep 2024 monthly Jan 1982 - Sep 2024
China (USD mn) 3,261,050.0 Oct 2024 monthly Jan 1989 - Oct 2024
Colombia (USD mn) 57,726.1 Aug 2024 monthly Dec 1956 - Aug 2024
Croatia (USD mn) 28,293.0 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (USD mn) 243.7 Sep 2024 monthly Jan 2002 - Sep 2024
Czech Republic (USD mn) 146,334.1 Sep 2024 monthly Mar 2000 - Sep 2024
Denmark (USD mn) 84,961.7 Sep 2024 monthly Jan 2002 - Sep 2024
Ecuador (USD mn) 6,304.4 Sep 2024 monthly Dec 1956 - Sep 2024
Egypt (USD mn) 33,418.0 Sep 2024 monthly Dec 2004 - Sep 2024
Estonia (USD mn) 1,828.9 Sep 2024 monthly Jan 2001 - Sep 2024
European Union (USD mn) 301,563.6 Sep 2024 monthly Dec 1999 - Sep 2024
Finland (USD mn) 8,569.4 Sep 2024 monthly Jan 2000 - Sep 2024
France (USD mn) 29,516.5 Sep 2024 monthly Feb 2004 - Sep 2024
Georgia (USD mn) 3,635.3 Sep 2024 monthly Oct 1995 - Sep 2024
Germany (USD mn) 37,441.6 Sep 2024 monthly Jan 1957 - Sep 2024
Ghana (USD mn) 3,368.9 Jan 2024 monthly Jan 1965 - Jan 2024
Greece (USD mn) 3,870.7 Sep 2024 monthly Jan 2004 - Sep 2024
Hong Kong SAR, China (USD mn) 422,653.0 Sep 2024 monthly Apr 2000 - Sep 2024
Hungary (USD mn) 41,841.1 Aug 2024 monthly Jan 1998 - Aug 2024
Iceland (USD mn) 5,832.7 Sep 2024 monthly Oct 2000 - Sep 2024
India (USD mn) 617,075.0 Sep 2024 monthly Apr 1989 - Sep 2024
Indonesia (USD mn) 134,629.2 Sep 2024 monthly Apr 2000 - Sep 2024
Ireland (USD mn) 4,893.9 Sep 2024 monthly Jan 1999 - Sep 2024
Israel (USD mn) 215,772.0 Sep 2024 monthly Dec 2001 - Sep 2024
Italy (USD mn) 52,371.4 Sep 2024 monthly Dec 1999 - Sep 2024
Ivory Coast (USD mn) 16.7 Aug 2024 monthly Jul 1962 - Aug 2024
Japan (USD mn) 1,112,931.0 Sep 2024 monthly Apr 2000 - Sep 2024
Jordan (USD mn) 14,473.1 Sep 2024 monthly Jan 1958 - Sep 2024
Kazakhstan (USD mn) 17,955.2 Sep 2024 monthly Dec 2002 - Sep 2024
Kenya (USD mn) 8,024.1 Jul 2024 monthly Dec 2000 - Jul 2024
South Korea (USD mn) 391,672.1 Oct 2024 monthly Dec 1956 - Oct 2024
Kosovo (USD mn) 1,350.3 Aug 2024 monthly Dec 2000 - Aug 2024
Kuwait (USD mn) 42,293.4 Aug 2024 monthly Jan 1964 - Aug 2024
Kyrgyzstan (USD mn) 2,181.7 Oct 2024 monthly Jul 1995 - Oct 2024
Laos (USD mn) 1,819.3 Jun 2024 monthly Dec 1988 - Jun 2024
Latvia (USD mn) 4,050.0 Oct 2024 monthly Jan 1997 - Oct 2024
Lebanon (USD mn) 14,817.6 Dec 2023 monthly Jun 1990 - Dec 2023
Lithuania (USD mn) 4,567.2 Oct 2024 monthly Jun 1993 - Oct 2024
Luxembourg (USD mn) 272.8 Oct 2024 monthly Jan 1999 - Oct 2024
Macau SAR, China (USD mn) 28,810.4 Sep 2024 monthly Jun 1984 - Sep 2024
North Macedonia (USD mn) 4,323.7 Sep 2024 monthly Dec 1993 - Sep 2024
Malawi (USD mn) 413.8 Oct 2021 monthly Jun 1965 - Oct 2021
Malaysia (USD mn) 107,100.0 Oct 2024 monthly Apr 2000 - Oct 2024
Malta (USD mn) 1,073.2 Sep 2024 monthly Jan 1960 - Sep 2024
Mauritius (USD mn) 6,328.5 Aug 2024 monthly Mar 1960 - Aug 2024
Mexico (USD mn) 201,960.3 Sep 2024 monthly Jan 2000 - Sep 2024
Moldova (USD mn) 5,585.7 Oct 2024 monthly Jan 2000 - Oct 2024
Mongolia (USD mn) 4,072.2 Jul 2024 monthly Dec 1992 - Jul 2024
Montenegro (USD mn) 1,600.1 Jul 2024 monthly Dec 2002 - Jul 2024
Morocco (USD mn) 33,804.0 Sep 2024 monthly Dec 2001 - Sep 2024
Mozambique (USD mn) 3,762.0 Sep 2024 monthly Mar 1984 - Sep 2024
Myanmar (USD mn) 8,473.8 Mar 2024 quarterly Dec 1950 - Mar 2024
Nepal (USD mn) 14,784.0 Oct 2024 monthly Jan 2002 - Oct 2024
Netherlands (USD mn) 7,302.2 Sep 2024 monthly Sep 1999 - Sep 2024
New Zealand (USD mn) 17,316.3 Sep 2024 monthly Sep 2005 - Sep 2024
Nigeria (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Norway (USD mn) 77,852.6 Oct 2024 monthly Jan 1999 - Oct 2024
Oman (USD mn) 16,061.4 Aug 2024 monthly Apr 1970 - Aug 2024
Pakistan (USD mn) 14,174.2 Aug 2024 monthly Jan 1959 - Aug 2024
Palestinian Territory (USD mn) 471.5 Oct 2024 monthly Jan 2006 - Oct 2024
Panama (USD mn) 4,502.2 Jul 2024 monthly Oct 1969 - Jul 2024
Paraguay (USD mn) 8,761.1 Oct 2024 monthly Dec 1956 - Oct 2024
Peru (USD mn) 73,997.0 Sep 2024 monthly Dec 1956 - Sep 2024
Philippines (USD mn) 97,240.9 Sep 2024 monthly Jan 1960 - Sep 2024
Poland (USD mn) 175,852.2 Sep 2024 monthly Jan 1998 - Sep 2024
Portugal (USD mn) 537,320.5 Sep 2024 monthly Dec 1999 - Sep 2024
Qatar (USD mn) 42,561.2 Sep 2024 monthly Dec 1966 - Sep 2024
Romania (USD mn) 64,571.0 Oct 2024 monthly Apr 2005 - Oct 2024
Russia (USD mn) 405,081.0 Sep 2024 monthly Dec 1996 - Sep 2024
Saudi Arabia (USD mn) 431,870.8 Sep 2024 monthly Jan 2001 - Sep 2024
Serbia (USD mn) 27,507.3 Sep 2024 monthly Jan 2004 - Sep 2024
Singapore (USD mn) 369,677.0 Oct 2024 monthly Apr 2000 - Oct 2024
Slovakia (USD mn) 10,027.5 Sep 2024 monthly Dec 1999 - Sep 2024
Slovenia (USD mn) 1,292.8 Oct 2024 monthly Jan 1994 - Oct 2024
South Africa (USD mn) 46,191.0 Aug 2024 monthly Jan 2001 - Aug 2024
Spain (USD mn) 63,524.8 Oct 2024 monthly Jan 1987 - Oct 2024
Sri Lanka (USD mn) 5,948.8 Sep 2024 monthly Dec 1956 - Sep 2024
Sudan (USD mn) 0.0 Dec 2017 monthly Jul 1960 - Dec 2017
Sweden (USD mn) 43,834.0 Sep 2024 monthly Mar 2000 - Sep 2024
Switzerland (USD mn) 816,745.3 Aug 2024 monthly Jun 1999 - Aug 2024
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 (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
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) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,733.500 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
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) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports (USD mn) 4,913.5 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports Growth (%) 163.7 Jun 2024 monthly Jan 2004 - Jun 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
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 (%) 83.0 Jun 2024 monthly Jan 2004 - Jun 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) 658.371 Jun 2024 monthly Jan 2003 - Jun 2024
Total Imports from USA (USD mn) 177.707 Jun 2024 monthly Dec 2009 - Jun 2024
Total Exports to China (USD mn) 160.464 Jun 2024 monthly Jan 2007 - Jun 2024
Total Imports from China (USD mn) 737.510 Jun 2024 monthly Jan 2007 - Jun 2024
Exports: Crude Oil (NGN mn) 5,457,219.231 Jun 2024 monthly Jan 2003 - Jun 2024
Total Trade (NGN mn) 10,433,069.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports (NGN mn) 7,280,672.000 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow UK (NGN mn) 4,761.874 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: America: ow USA (NGN mn) 975,552.174 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow Netherlands (NGN mn) 434,520.151 Jun 2024 monthly Jan 2003 - Jun 2024
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
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 89,695.701 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow Germany (NGN mn) 91,725.002 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow UK (NGN mn) 39,682.510 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: America: ow USA (NGN mn) 263,320.371 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Asia: ow China (NGN mn) 1,092,816.851 Jun 2024 monthly Jan 2007 - Jun 2024
Imports: Chemicals and Chemical Products (NGN mn) 531,688.790 Jun 2024 monthly Jan 2003 - Jun 2024
Imports (NGN mn) 3,152,397.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Manufactured Goods (NGN mn) 415,104.163 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 564,023.272 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Food and Live Animals (NGN mn) 464,465.517 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Machinery and Transport Equipment (NGN mn) 939,658.575 Jun 2024 monthly Jan 2003 - Jun 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) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
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) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
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 Mar 2024 quarterly Mar 2011 - Mar 2024
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
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) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 50.0 Oct 2024 monthly Nov 2005 - Oct 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.126 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 16.3 Jun 2024 monthly Jan 2003 - Jun 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
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) 73,616.6 Sep 2024 monthly Nov 1992 - Sep 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
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) 13.8 Sep 2024 monthly Jul 2015 - Sep 2024

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