Foreign Exchange Reserves in Nigeria decreased to 41992 USD Million in November from 42128 USD Million in October of 2018. Foreign Exchange Reserves in Nigeria averaged 11406.02 USD Million from 1960 until 2018, 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 55300.00 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 40175.82 in 12 months time. In the long-term, the Nigeria Foreign Exchange Reserves is projected to trend around 57000.00 USD Million in 2020, according to our econometric models.