Nigeria recorded a Current Account surplus of 2576.98 USD Million in the first quarter of 2022. source: Central Bank of Nigeria

Current Account in Nigeria averaged 1365.66 USD Million from 2005 until 2022, reaching an all time high of 10383.67 USD Million in the second quarter of 2008 and a record low of -6676.40 USD Million in the fourth quarter of 2019. This page provides - Nigeria Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Current Account - values, historical data and charts - was last updated on September of 2022.

Current Account in Nigeria is expected to be -4200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Current Account is projected to trend around -4500.00 USD Million in 2023 and -4800.00 USD Million in 2024, according to our econometric models.

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Nigeria Current Account



Related Last Previous Unit Reference
Current Account 2576.98 54.22 USD Million Mar 2022
Current Account to GDP -2.80 -4.20 percent of GDP Dec 2021
Foreign Direct Investment -182.50 41.96 USD Million Mar 2022
Capital Flows -784.77 -5147.61 USD Million Mar 2022
Remittances 5147.40 5021.57 USD Million Mar 2022

Nigeria Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
2576.98 54.22 10383.67 -6676.40 2005 - 2022 USD Million Quarterly