Nigeria Foreign Exchange Reserves - Forecast

Foreign Exchange Reserves in Nigeria is expected to be 50900.00 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 48081.85 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.


Forecast Data Chart
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Nigeria Money Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 14 14 14 13.75 13.5 12
Cash Reserve Ratio 22.5 22.5 22.5 22.5 22.5 20
Money Supply M0 1928744 1771520 1862002 1911582 1865540 1811767
Money Supply M1 10448157 10436046 10418940 10428474 10422903 10424955
Money Supply M2 24859346 25423631 25821700 26217548 26611552 30076229
Foreign Exchange Reserves 45909 55300 47770 48082 48307 57000
Deposit Interest Rate 8.77 8.77 8.77 8.52 8.27 6.77
Lending Rate 16.65 16.83 16.83 16.58 16.33 14.83