Nigeria Foreign Exchange Reserves - Forecast

Foreign Exchange Reserves in Nigeria is expected to be 47500.00 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 54381.10 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.


Nigeria Foreign Exchange Reserves
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Nigeria Money Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 14 14 14 14 14 12
Cash Reserve Ratio 22.5 22.5 22.5 22 22.5 20
Money Supply M0 1957219 1910685 1905942 1771520 1905799 1811767
Money Supply M1 10670629 10721218 10698222 10694972 10694491 10694408
Money Supply M2 24520635 24775624 25190300 25601005 26009729 30381115
Foreign Exchange Reserves 47622 47500 50900 55300 54381 21000
Deposit Interest Rate 9.6 9.6 9.6 9.6 9.6 7.6
Lending Rate 17.24 17.24 17.24 17.24 17.24 15.24