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 35.9 USD bn in Aug 2024, compared with 36.3 USD bn in the previous month
  • Nigeria Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 1960 to Aug 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 10.7 Months of Import in Aug 2024.
  • Its Money Supply M2 increased 67.2 USD bn YoY in Aug 2024.
  • Nigeria Domestic Credit reached 73.6 USD bn in Sep 2024, representing an increased of 33.3 % YoY.

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

Nigeria Foreign Exchange Reserves

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

Nigeria Foreign Exchange Reserves was measured at 35.9 USD bn in Aug 2024, compared with 36.3 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
35,920.0 Aug 2024 36,310.0 Jul 2024 63.2 Jun 1968 62,081.9 Sep 2008 USD mn monthly Jan 1960 - Aug 2024

Foreign Exchange Reserves by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 5,900.8 Nov 2024 monthly Dec 1993 - Nov 2024
Algeria (USD mn) 63,595.4 Dec 2024 monthly Jan 1968 - Dec 2024
Argentina (USD mn) 24,303.3 Dec 2024 monthly Dec 1956 - Dec 2024
Armenia (USD mn) 3,299.2 Jan 2025 monthly Dec 1993 - Jan 2025
Australia (USD mn) 40,882.0 Jan 2025 monthly Jul 1969 - Jan 2025
Austria (USD mn) 3,229.2 Jan 2025 monthly Jan 1957 - Jan 2025
Azerbaijan (USD mn) 12,084.6 Nov 2024 monthly Dec 1992 - Nov 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) 3,113.2 Jan 2025 monthly Dec 2002 - Jan 2025
Belgium (USD mn) 5,200.0 Dec 2024 monthly Jan 1999 - Dec 2024
Bolivia (USD mn) 153.1 Aug 2024 monthly Jan 1999 - Aug 2024
Bosnia and Herzegovina (USD mn) 9,122.1 Dec 2024 monthly Aug 1997 - Dec 2024
Botswana (USD mn) 5,165.9 Apr 2021 monthly Jan 1992 - Apr 2021
Brazil (USD mn) 294,434.9 Jan 2025 monthly Nov 2000 - Jan 2025
Brunei (USD mn) 3,211.1 Jul 2024 monthly Dec 1999 - Jul 2024
Bulgaria (USD mn) 35,795.9 Jan 2025 monthly Sep 2003 - Jan 2025
Cambodia (USD mn) 17,107.3 Aug 2024 monthly Dec 1993 - Aug 2024
Canada (USD mn) 90,209.0 Jan 2025 monthly Jun 1999 - Jan 2025
Chile (USD mn) 40,470.5 Jan 2025 monthly Jan 1982 - Jan 2025
China (USD mn) 3,209,036.0 Jan 2025 monthly Jan 1989 - Jan 2025
Colombia (USD mn) 57,553.9 Dec 2024 monthly Dec 1956 - Dec 2024
Croatia (USD mn) 28,293.0 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (USD mn) 254.3 Dec 2024 monthly Jan 2002 - Dec 2024
Czech Republic (USD mn) 137,919.5 Jan 2025 monthly Mar 2000 - Jan 2025
Denmark (USD mn) 77,769.8 Dec 2024 monthly Jan 2002 - Dec 2024
Ecuador (USD mn) 4,869.1 Jan 2025 monthly Dec 1956 - Jan 2025
Egypt (USD mn) 33,243.7 Jan 2025 monthly Dec 2004 - Jan 2025
Estonia (USD mn) 1,593.3 Jan 2025 monthly Jan 2001 - Jan 2025
European Union (USD mn) 298,686.4 Dec 2024 monthly Dec 1999 - Dec 2024
Finland (USD mn) 8,487.2 Nov 2024 monthly Jan 2000 - Nov 2024
France (USD mn) 29,490.6 Dec 2024 monthly Feb 2004 - Dec 2024
Georgia (USD mn) 3,336.6 Jan 2025 monthly Oct 1995 - Jan 2025
Germany (USD mn) 35,162.3 Dec 2024 monthly Jan 1957 - Dec 2024
Ghana (USD mn) 3,368.9 Jan 2024 monthly Jan 1965 - Jan 2024
Greece (USD mn) 3,659.8 Jan 2025 monthly Jan 2004 - Jan 2025
Hong Kong SAR, China (USD mn) 421,329.0 Dec 2024 monthly Apr 2000 - Dec 2024
Hungary (USD mn) 36,633.4 Jan 2025 monthly Jan 1998 - Jan 2025
Iceland (USD mn) 5,560.1 Jan 2025 monthly Oct 2000 - Jan 2025
India (USD mn) 547,454.0 Dec 2024 monthly Apr 1989 - Dec 2024
Indonesia (USD mn) 140,739.5 Jan 2025 monthly Apr 2000 - Jan 2025
Ireland (USD mn) 5,069.0 Dec 2024 monthly Jan 1999 - Dec 2024
Israel (USD mn) 212,744.8 Nov 2024 monthly Dec 2001 - Nov 2024
Italy (USD mn) 51,101.2 Jan 2025 monthly Dec 1999 - Jan 2025
Ivory Coast (USD mn) 6.3 Dec 2024 monthly Jul 1962 - Dec 2024
Japan (USD mn) 1,096,788.0 Jan 2025 monthly Apr 2000 - Jan 2025
Jordan (USD mn) 14,473.1 Sep 2024 monthly Jan 1958 - Sep 2024
Kazakhstan (USD mn) 19,790.4 Dec 2024 monthly Dec 2002 - Dec 2024
Kenya (USD mn) 9,165.2 Oct 2024 monthly Dec 2000 - Oct 2024
South Korea (USD mn) 387,316.3 Jan 2025 monthly Dec 1956 - Jan 2025
Kosovo (USD mn) 1,138.8 Dec 2024 monthly Dec 2000 - Dec 2024
Kuwait (USD mn) 41,208.8 Nov 2024 monthly Jan 1964 - Nov 2024
Kyrgyzstan (USD mn) 1,606.9 Dec 2024 monthly Jul 1995 - Dec 2024
Laos (USD mn) 1,819.3 Jun 2024 monthly Dec 1988 - Jun 2024
Latvia (USD mn) 3,936.4 Jan 2025 monthly Jan 1997 - Jan 2025
Lebanon (USD mn) 9,970.1 Jun 2024 monthly Jan 2024 - Jun 2024
Lithuania (USD mn) 4,330.5 Jan 2025 monthly Jun 1993 - Jan 2025
Luxembourg (USD mn) 44.7 Jan 2025 monthly Jan 1999 - Jan 2025
Macau SAR, China (USD mn) 29,393.2 Dec 2024 monthly Jun 1984 - Dec 2024
North Macedonia (USD mn) 4,617.9 Jan 2025 monthly Dec 1993 - Jan 2025
Malawi (USD mn) 413.8 Oct 2021 monthly Jun 1965 - Oct 2021
Malaysia (USD mn) 106,200.0 Jan 2025 monthly Apr 2000 - Jan 2025
Malta (USD mn) 1,006.0 Dec 2024 monthly Jan 1960 - Dec 2024
Mauritius (USD mn) 7,128.5 Dec 2024 monthly Mar 1960 - Dec 2024
Mexico (USD mn) 203,192.9 Dec 2024 monthly Jan 2000 - Dec 2024
Moldova (USD mn) 5,130.5 Jan 2025 monthly Jan 2000 - Jan 2025
Mongolia (USD mn) 4,233.3 Nov 2024 monthly Dec 1992 - Nov 2024
Montenegro (USD mn) 1,631.5 Dec 2024 monthly Dec 2002 - Dec 2024
Morocco (USD mn) 32,789.4 Jan 2025 monthly Dec 2001 - Jan 2025
Mozambique (USD mn) 3,682.3 Nov 2024 monthly Mar 1984 - Nov 2024
Myanmar (USD mn) 8,473.8 Mar 2024 quarterly Dec 1950 - Mar 2024
Nepal (USD mn) 15,066.1 Jan 2025 monthly Jan 2002 - Jan 2025
Netherlands (USD mn) 7,093.5 Dec 2024 monthly Sep 1999 - Dec 2024
New Zealand (USD mn) 18,690.2 Dec 2024 monthly Sep 2005 - Dec 2024
Nigeria (USD mn) 35,920.0 Aug 2024 monthly Jan 1960 - Aug 2024
Norway (USD mn) 76,132.8 Jan 2025 monthly Jan 1999 - Jan 2025
Oman (USD mn) 16,494.4 Nov 2024 monthly Apr 1970 - Nov 2024
Pakistan (USD mn) 15,927.4 Dec 2024 monthly Jan 1959 - Dec 2024
Palestinian Territory (USD mn) 517.3 Dec 2024 monthly Jan 2006 - Dec 2024
Panama (USD mn) 6,280.1 Dec 2024 monthly Oct 1969 - Dec 2024
Paraguay (USD mn) 8,613.5 Jan 2025 monthly Dec 1956 - Jan 2025
Peru (USD mn) 72,795.0 Dec 2024 monthly Dec 1956 - Dec 2024
Philippines (USD mn) 90,842.5 Dec 2024 monthly Jan 1960 - Dec 2024
Poland (USD mn) 178,044.6 Jan 2025 monthly Jan 1998 - Jan 2025
Portugal (USD mn) 6,027.8 Dec 2024 monthly Dec 1999 - Dec 2024
Qatar (USD mn) 43,166.3 Dec 2024 monthly Dec 1966 - Dec 2024
Romania (USD mn) 59,688.9 Jan 2025 monthly Apr 2005 - Jan 2025
Russia (USD mn) 386,377.0 Jan 2025 monthly Dec 1994 - Jan 2025
Saudi Arabia (USD mn) 413,014.1 Dec 2024 monthly Jan 2001 - Dec 2024
Serbia (USD mn) 26,289.4 Dec 2024 monthly Jan 2004 - Dec 2024
Singapore (USD mn) 363,294.4 Jan 2025 monthly Apr 2000 - Jan 2025
Slovakia (USD mn) 9,543.0 Jan 2025 monthly Dec 1999 - Jan 2025
Slovenia (USD mn) 1,395.7 Jan 2025 monthly Jan 1994 - Jan 2025
South Africa (USD mn) 48,261.0 Dec 2024 monthly Jan 2001 - Dec 2024
Spain (USD mn) 61,409.6 Jan 2025 monthly Jan 1987 - Jan 2025
Sri Lanka (USD mn) 5,986.2 Jan 2025 monthly Dec 1956 - Jan 2025
Sudan (USD mn) 0.0 Dec 2017 monthly Jul 1960 - Dec 2017
Sweden (USD mn) 42,210.0 Dec 2024 monthly Mar 2000 - Dec 2024
Switzerland (USD mn) 808,024.6 Dec 2024 monthly Jun 1999 - Dec 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 Sep 2024 quarterly Dec 2010 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,078.997 Sep 2024 quarterly Mar 2005 - Sep 2024
National Government Debt (USD mn) 86,261.2 Sep 2024 quarterly Dec 2006 - Sep 2024
Government Debt: % of GDP (%) 53.8 Sep 2024 quarterly Dec 2010 - Sep 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: Capital (NGN bn) 1,415.860 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 Expenditure: Recurrent (NGN bn) 3,732.590 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 (NGN bn) 5,584.150 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
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) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
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 (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 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: 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: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - 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: 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: Manufactured Goods (NGN mn) 488,494.173 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: 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
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) 43,026.6 Sep 2024 quarterly Dec 2006 - Sep 2024
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 (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) 21,807.151 Nov 2024 monthly Nov 1992 - Nov 2024
Money Supply M2 (USD mn) 65,496.541 Nov 2024 monthly Nov 1992 - Nov 2024
M2 Growth (%) 52.7 Nov 2024 monthly Nov 1993 - Nov 2024
Reserve Requirement Ratio (%) 50.0 Jan 2025 monthly Nov 2005 - Jan 2025
Foreign Exchange Reserves (USD mn) 35,920.0 Aug 2024 monthly Jan 1960 - Aug 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 10.7 Aug 2024 monthly Jan 2003 - Aug 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) 69,482.4 Nov 2024 monthly Nov 1992 - Nov 2024
Domestic Credit Growth (%) 35.4 Nov 2024 monthly Nov 1993 - Nov 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 30,871,571.250 Nov 2024 monthly Jan 1993 - Nov 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,273,927.360 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M2 (NGN mn) 108,946,684.260 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,672,756.900 Nov 2024 monthly Nov 1992 - Nov 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) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

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