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 51493.99 in 12 months time. In the long-term, the Nigeria Foreign Exchange Reserves is projected to trend around 21000.00 USD Million in 2020, according to our econometric models.


Forecast Data Chart
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Nigeria Money Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 14 14 14 14 14 12
Cash Reserve Ratio 22.5 22.5 22 22.5 22.5 20
Money Supply M0 1900672 1891011 1771520 1894030 1941244 1811767
Money Supply M1 10701110 11181327 11181369 11182039 11182257 11182319
Money Supply M2 24814005 25691551 26131580 26570589 27007600 31268160
Foreign Exchange Reserves 47250 50900 55300 50834 51494 21000
Deposit Interest Rate 9.6 9.6 9.6 9.6 9.6 7.6
Lending Rate 17.08 17.08 17.08 17.08 17.08 15.08