Foreign Exchange Reserves in Nigeria decreased to 43730 USD Million in August from 44940 USD Million in July of 2019. Foreign Exchange Reserves in Nigeria averaged 11815.83 USD Million from 1960 until 2019, reaching an all time high of 62081.86 USD Million in September of 2008 and a record low of 63.22 USD Million in June of 1968.
Foreign Exchange Reserves in Nigeria is expected to be 43600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in Nigeria to stand at 46400.00 in 12 months time. In the long-term, the Nigeria Foreign Exchange Reserves is projected to trend around 48000.00 USD Million in 2020, according to our econometric models.