Table D.1.1:
Foreign
Trade (N'
Million)
Imports (cif)
Year
Oil
Non-Oil
Total

119.8
12719.8
12839.5999999

225.5
10545
10770.5

171.6
8732.1
8903.70000000

282.39999999999998 6895.9
7178.29999999

51.8
7010.8
7062.6

913.9
5069.7
5983.59999999

3170.1
14691.6
17861.7

3803.1
17642.599999999999 21445.6999999

4671.6000000000004 26188.6
30860.1999999

6073.1
39644.800000000003 45717.9

7772.2
81716
89488.2

19561.5
123589.7
143151.200000

41136.1
124493.3
165629.4

42349.599999999999 120439.2
162788.799999

155825.9
599301.80000000005 755127.700000

162178.70000000001 400447.9
562626.600000

166902.5
678814.1
845716.6

175854.2
661564.5
837418.7

211661.8
650853.9
862515.7

220817.69
764204.7
985022.389999

237106.83
1121073.5
1358180.33

361710
1150985.33
1512695.33

398922.31
1681312.96
2080235.27

318114.71999999997 1668930.55
1987045.27


Sources:
National
Bureau of
Statistics
and Central
Bank of
Nigeria
Notes:
1Revised
2Provisional
Table D.1.2:
Value of
Major
Imports by
S.I.T.C.
Sections (N'
Million)
Year
Food &
Beverages
Crude
Live Animal
&
Materials
Tobacco
Inedible

1819.6
16.5
218.9

1642.3
16.399999999999999 207.2

1761.1
17.8
277.600000000

1349.7
16.600000000000001 300.100000000

9.4
350.5

801.9
14.5
193.9

1873.8
30.7
799.6

1891.6
85.7
591.5

2108.9
136.30000000000001 1080.7

3474.5
228.7
1417.2

3045.7
261.10000000000002 1566.4

12840.2
729.6
3939.6

13952.4
498.3
1328.8

13837
488.4
5046.5

88349.9
3020.5
31715.4

75392
2250.5
26443.5

100728.3
5033.8
38084.6

102165.1
3349.7
37683.9

103489.8
4312.1000000000004 38808.6999999

113630.5
6740.8
44296.6

160209.1
9503.9
62454.33

144297.64000000001 13670.78
75763.3

201648.29577418501 18830.14990354584
105211.557676

178747.44145487706 21846.715458274644 101970.420671

193259.09
28008.560000000001 165250.519999

214487.6785458572
31085.198926162378 183402.652711

269924.53685898031 39119.53348648762
230805.221201


Sources:
NBS and
CBN
Notes:
1Revised
2Provisional
Table D.2.1
(Continued):
Balance of
Payments -
Analytical
Statement (N'
Million)
1 9 8 1
Category
Oil
Non-Oil
Total*
(A) CURRENT
ACCOUNT
10067.200000000001 -14065.600000000002 -3998.4
Merchandise
10498.7
-11202.2
-703.5
Exports
(F.O.B.)
10680.5
342.8
11023.3
Imports
(F.O.B.)
-181.8
-11545
-11726.8
Services and
Income
-424.7
-2523.6999999999998 -2948.4
Investment
Income(Credit)
-
431.2
431.2
Interest on
Reserves
-
-
-
Others
-
-
-
Investment
Income(Debit)
-220.9
-611.5
-832.4
Interest on
Loans
-
-
-
Others
-
-
-
Non-factor
services (Net)
-203.8
-2343.4
-2547.19999
Other Services -
-
-
Unrequited
Transfers (Net)
-6.8
-339.7
-346.5
(B) CAPITAL

780.5
929.5
Direct
Investment
141.9
192.8
334.7
Portfolio
Investment
-
-
-
Other Capital
Long-term
-
498.4
498.4
Official(of
which)
-
-480
-480
Amortisation
-
-
Disbursement
-
-
-
Other Official
-
-18.399999999999999 -18.3999999
Private (Net)
-
-
-
Other Capital
Shortterm(Net)
7.1
89.3
96.4
Total (A & B)
10216.200000000001 -13285.100000000002 -3068.9
(C) NET
ERRORS AND
OMISSIONS

48.1
TOTAL ( A and
B and C )
10216.200000000001 -13285.100000000002 -3020.8
(D)
EXCEPTIONAL
FINANCING

3020.8
(i) Promissory
Notes(arrears)
-
-
-
(ii) Deferred/
Resch. Debt
Service
-
-
-
(iii) Change in
Reserves**
-
-
3020.8
(iv) Others
-
-
-
Source:
Central Bank
of Nigeria
Notes: Time
Reference
Period refers
to the Balance
of Payments
year: January -
December
*Total indicate
the net
positions as in
1970-1993
**Minus (-)
sign indicates
increase in
reserves while
plus (+) sign
indicates
decrease in
reserves
External
reserves
reported were
converted into
raira using the
central
exchange rate
as against
the table on
Nigeria's
external
reserves
position which
used the endperiod
exchange rate
The data in
this edition of
the Statistical
Bulletin
features the
latest revisions
to the BOP
tables for the
various years
Table D.2.1:
Balance of
Payments -
Analytical
Statement (N'
Million) -
Continued
Category

(A)
CURRENT
ACCOUNT
-52304.299999999967 -186084.79999999996 376024.0000
Goods
61335.900000000023 247177.70000000007 678557.2000
Export
(F.O.B)
206059.2
825669.60000000009 1128246.600
Oil
200710.2
805566.8
1108187.100
Non-oil

20102.8
20059.5
Imports
-144723.29999999999 -578491.9
-449689.4
Oil
-42349.599999999999 -135370.9
-139487.200
Non-oil
-102373.7
-443121
-310202.2
Services (net) -58225.2
-282275.90000000002 -285959
Services
(credit)
-36030.5
-119815.8
-188134.2
Services
(debit)
-22194.7
-162460.1
-97824.8
Income (net)
-66367.399999999994 -202535.1
-211092.2
Investment
income
(credit)

7088.8
8025.2
Interest on
reserves and
investments

7088.8
8025.2
Others

Investment
income
(debit)
-67435.399999999994 -209623.9
-219117.400
Interest due
on loans
-36352.800000000003 -106270.9
-107498.3
Others
-31082.6
-103353
-111619.1
Current
Transfers
(net)
10952.4
51548.5
194518
General
Government

-4875.2
Other sectors 0

199393.2
(B) CAPITAL
AND
FINANCIAL
ACCOUNT
11252.800000000003 -3254.0000000000073 -423462.7
Capital
Account (net)
30698.799999999999 34627.4

Capital
Transfers
(net)
30698.799999999999 34627.4

Acquisation/
Disposal of
non-financial
assets

Financial
Account (net)
-19445.999999999996 -37881.400000000009 -423462.7
Direct
Investment
22229.200000000001 75940.600000000006 111290.9
Portfolio
Investment
-203.5
-5785
-12055.2
Other
Investment
-41471.699999999997 -108037.00000000001 -522698.4
Official (of
which)
-41471.699999999997 -108037.00000000001 -212258.7
Amortisation
(due)
-51355.7
-188206.7
-260668.2
Disbursement 9884
80169.7
48409.5
Private (Net)

-310439.7
(C) NET
ERROR AND
OMISSIONS
-1571.8
-5877.5
-5713.3
OVERALL
BALANCE
=Total (A &
B & C)
-42623.299999999967 -195216.29999999996 -53151.9999
(D)
FINANCING
42623.299999999996 195216.30000000002 53152
a.
Exceptional
Financing
49818.2
179891.20000000001 237102.5
Promissory
notes
(arrears)

Deferred debt
service
49818.2
179891.20000000001 237102.5
Others

b. Change in
Reserves*
-7194.9
15325.1
-183950.5
Memorandum
Items

Current
Account
Balance as %
of G.D.P
-5.7
-8.5
13.3
Capital
Account
Balance as %
of G.D.P
1.2
-10.199999999999999 -15
Overall
Balance as %
of G.D.P
-4.7
-1.9
-1.9
External
Reserves -
Stock (US $
million)
1658.8

4074.7
Number of
Months of
Import
Equivalent

2.1
7.6
External Debt
Stock ( N
million)
91494
1960700
617320
Debt Service
Due as % of
Exports of
Goods and
Non Factor
Services

33.9
31.3
Average
Exchange
Rate (N/$)
21.886099999999999 70.363200000000006 69.84480000
Source:
Central Bank
of Nigeria
Notes:
*Minus (-)
sign indicates
increase in
reserves
while plus
(+) sign
indicates
decrease in
reserves
External
reserves
reported
were
converted
into raira
using the
central
exchange rate
as against
the table on
Nigeria's
external
reserves
position
which used
the endperiod
exchange rate
Data in this
edition of the
Statistical
Bulletin
features the
last revisions
to the BOP
tables for the
various years
Table D.2.1:
Balance of
Payments (N'
Million) -
Continued
Category

2007 1
CURRENT
ACCOUNT
4891744.4499999993 4698047.0769410599 347837
Goods
3832995.79
4495928.0454719998 474988
Credit
7246534.7999999998 7324680.6275760001 830975
Debit
-3413539.01
-2828752.5821039998 -35598
Exports fob
7246534.7999999998 7324680.6275760001 830975
Crude oil & gas
7140578.9199999999 7191085.6408320004 811050
Crude oil
6743640.5599999996 6538465.4853960006 725660
Gas
396938.36
652620.15543599997 853896
Non-oil
105955.88
133594.98674399999 199257
Electricity
Other Non-oil
Imports fob
-3413539.01
-2828752.5821039998 -35598
Crude oil & gas
-724816.82
-646721.53358399996 -69908
Non-oil
-1821416.19
-1835800.052256
-22998
Trading Partner
Adjustment
-867306
-346230.99626400002 -56095
Services(net)
-634172.20999999985 -1495583.6488809409 -21268
Credit
235320.62000000002 295722.93094200001 181558
Debit
-869492.82999999984 -1791306.5798229408 -23083
Transportation(net) -192166.11
-189306.74332800007 -52253
Credit
175580.84000000003 235020.42512999999 104384
Debit
-367746.95
-424327.16845800006 -62691
Of which:
Passenger
-23122.909999999996 -29864.163941999996 -11962
Credit
11115.97
3236.2088759999997 15603.
Debit
-34238.879999999997 -33100.372817999996 -13522
Of which: Freight
-319583.87
-340060.77768600004 -43401
Credit
9485.17
47900.481732
47231.
Debit
-329069.03999999998 -387961.259418
-48124
Of which: Other
150540.67000000001 180618.19829999999 31101.
Credit
154979.70000000001 183883.73452199998 41548.
Debit
-4439.03
-3265.5362219999997 -10447
Travel
-24302.959999999999 -398154.42480599997 -67642
Credit
7152.65
23696.495567999998 26840.
Debit
-31455.61
-421850.92037399998 -70326
Business travel
-11624.53
-31039.807986
-69689
Credit

Debit
-11624.53
-31039.807986
-69689
Personal travel
-274.64999999999998 -367114.61682
-60673
Credit

23696.495567999998 26840.
Debit
-274.64999999999998 -390811.11238800001 -63357
Education related
expenditure
-11084.43
-136829.920518
-31763
Credit

Debit
-11084.43
-136829.920518
-31763
Health related
expenditure

-127928.433456
-13433
Credit

Debit
-127928.433456
-13433
Other Personal
Travels
-1319.3500000000004 -102356.262846
-15477
Credit
7152.65
23696.495567999998 26840.
Debit
-8472
-126052.75841400001 -18161
Insurance services
-466.51
-35251.469891999994 -25811
Credit
74.900000000000006 86.706935999999999 571.40
Debit
-541.41
-35338.176827999996 -26382
Communication
services
-18221.18
-20800.514508047992 -23127
Credit
2653.96
3029.6423520000003 3368.5
Debit
-20875.14
-23830.156860047991 -26495
Construction
services
-5973.97
-6819.6239462736003 -7582.4
Credit

Debit
-5973.97
-6819.6239462736003 -7582.4
Financial services
-1927.1299999999999 -2403.56727
581.38
Credit
1436.97
1549.24893
1684.2
Debit
-3364.1
-3952.8161999999998 -1102.8
Computer &
information
services
-19778.79
-22578.611604436803 -25104
Credit

Debit
-19778.79
-22578.611604436803 -25104
Royalties and
license fees
-8860.98
-10842.192306000001 -21725
Credit

Debit
-8860.98
-10842.192306000001 -21725
Other business
services
-378181.55
-607804.14544200001 -51714
Credit
1185.98
1211.3469
1247.6
Debit
-379367.52999999997 -609015.49234200001 -51839
Operational leasing
services
-3778.04
-124633.569888
-10287
Credit

Debit
-3778.04
-124633.569888
-10287
Misc. business,
professional, and
technical services
-374403.51
-483170.57555399998 -41427
Credit
1185.98
1211.3469
1247.6
Debit
-375589.49
-484381.92245399999 -41551
Personal, cultural
& recreational
services
-38.57
-44.030802182399995 -48.955
Credit

Debit
-38.57
-44.030802182399995 -48.955
Government
Services n.i.e
15745.54
-201578.324976
-30788
Credit
47235.32
31129.065125999998 43461.
Debit
-31489.78
-232707.390102
-35134
Income(net)
-296211.28000000003 -591999.25615200005 -14782
Credit
116901.01999999999 241240.37268600002 322595
Debit
-413112.3
-833239.628838
-18007
Compensation of
employees
13317.09
16152.992135999999 23932.
Credit
20364.61
24701.275944000001 27425.
Debit
-7047.52
-8548.2838080000001 -3493.2
Investment income -309528.37
-608152.248288
-15021
Credit
96536.409999999989 216539.09674199999 295169
Debit
-406064.77999999997 -824691.34503000008 -17973
Direct investment
-341717.25
-740208.18691799999 -16401
Credit
59.13
1882.0505520000002 2740.9
Debit
-341776.38
-742090.23747000005 -16428
Income on equity
-335862.93
-733563.63039599999 -16309
Credit

1768.5664740000002 2616.2
Debit
-335862.93
-735332.19686999999 -16335
Dividends and
distributed branch
profits
-104348.73999999999 -498418.24526999996 -13682
Credit
657.05
1020.0816
1746.6
Debit
-105005.79
-499438.32686999999 -13700
Reinvested
earnings and
undistributed
branch profit
-230742.82
-235145.38512600001 -26262
Credit
114.33
748.48487399999999 869.57
Debit
-230857.15
-235893.87
-26349
Income on Direct
Investment Loans
(interest)
-5854.32
-6644.5565219999999 -9232.2
Credit
59.13
113.484078
124.76
Debit
-5913.45
-6758.0406000000003 -9357
Portfolio
investment
-33903.78
-54956.896199999996 -66881
Credit
6176.27
6885.5508
6657.1
Debit
-40080.050000000003 -61842.447
-73538
Other investment
66092.66
187012.83483000001 204882
Income on debt
(interest)
66092.66
187012.83483000001 204882
Credit
90301.01
207771.49539
285771
Debit
-24208.35
-20758.66056
-80889
Current
transfers(net)
1989132.15
2289701.9365019999 233350
Credit
2006379.71
2312484.1839359994 235239
Debit
-17247.560000000001 -22782.247434000001 -18883
General
government
7796.56
125492.98863599999 97818.
Credit
15769.2
131623.67905199999 108251
Debit
-7972.64
-6130.6904159999995 -10433
Other sectors
81716
2164208.9478659998 223569
Credit
89107.81
2180860.5048839999 224414
Debit
-7391.81
-16651.557018
-8449.9
Workers'
remittances
1899619.5899999999 2149129.591614
223563
Credit
1901502.7
2153647.2779999999 223893
Debit
-1883.11
-4517.6863860000003 -3301.1
Other Transfers

15079.356251999998 56.141
Credit
27213.226883999996 5204.9
Debit
-12133.870632
-5148.8
CAPITAL AND
FINANCIAL
ACCOUNT
-2496880.15
-2491546.5777278636 -16665
Capital
account(net)
962972.48
1357983.63

Credit
962972.48
1357983.63

Debit

Capital transfers
962972.48
1357983.63

Credit
962972.48
1357983.63

General
Government
962972.48
1357983.63

Debt Forgiveness
962972.48
1357983.63

Other Sector

Debit

Acquisition/
disposal of
nonproduced,
nonfin assets

Credit

Debit

Financial
account(net)
-3459852.63
-3849530.2077278635 -16665
Assets
-1843867.07
-2820760.3957802402 -31327
Direct investment
(Abroad)
-1921.21
-41119.489296
-10916
Equity capital
-1921.21
-40371.004421999998 -10829
Claims on direct
investment
enterprises
-1921.21
-40371.004421999998 -10829
Liabilities to direct
investors

Reinvested
earnings

-748.48487399999999 -869.57
Other capital

Claims on direct
investment
enterprises

Liabilities to direct
investors

Portfolio
investment
-180090.31999999998 -194585.81862024
-23194
Equity securities
-162803.32999999999 -175524.31882223999 -21467
Debt securities
-17286.990000000002 -19061.499798000001 -17269
Long-term

Short-term
-17286.990000000002 -19061.499798000001 -17269
Other investment
-173763.44
-797497.24467599997 -16644
Trade credits
-180616.47
-598891.18246200006 -90114
Loans -DMBs
-14583.88
-16080.311322
-14568
Currency and
deposits
21436.91
-182525.75089200001 -74873
Monetary
authorities

General
government

15275.721959999999 -15892
Banks
8821.5499999999993 -180970.126452
-36367
Other sectors
12615.36
-16831.346399999999 -22613
Other Assets

Reserve assets*
-1488092.1
-1787557.8431880001 -11272
Monetary Gold

SDRs

Reserve Positions
in the Fund

Foreign exchange
-1488092.1
-1787557.8431880001 -11272
Other Claims

Liabilities
-1615985.56
-1028769.8119476228 146623
Direct Invesment in
reporting economy
654193.15
624520.73266199988 759380
Equity capital
423336
388626.862662
491142
Claims on direct
investors

Liabilities to direct
investors
423336
388626.862662
491142
Reinvested
earnings
230857.15
235893.87
263493
Other capital

4744.6
Claims on direct
investors

Liabilities to direct
investors

4744.6
Portfolio
Investment
116035.03
360291.54601799999 332547
Equity securities
98557.5
227605.70699999999 182085
Debt securities
17477.53
132685.83901800003 150461
Long-term
17477.53
129002.06934
132007
Short-term

3683.7696780000001 18454.
Other investment
liabilities
-2386213.7400000002 -2013582.0906276228 374307
Trade credits

Short-term

Long-term

Loans
-2391004.9500000002 -2026999.7926943623 268261
General
government
-1999928.79
-2094992.5859999999 -64001
Long-term
-1999928.79
-2094992.5859999999 -64001
Drawings
34692.239999999998 63882.610199999996 53023
Repayments
-2034621.03
-2158875.1962000001 -11702
short-term

Monetary
authorities

Banks
11432.67
12653.366505637578 172698
Other sectors
-402508.83
55339.426800000001 159564
Long-term
-402508.83
55339.426800000001 159564
Short-term

Currency &
Deposits
4791.21
13417.702066739665 106046
Monetary
Authority

Banks
4791.21
13417.702066739665 106046
Other Liabilities -
monetary authority
SDR allocation

NET ERRORS AND
OMISSIONS
-2394864.2999999993 -2206500.4992131963 -18118
Memorandum
Items:

2007 1
Current Account
Balance as % of
G.D.P
32.842622896018376 25.306455505049996 16.838
Capital and
Financial Account
Balance as % of
G.D.P
-16.763772921365604 -13.420940994291531 -8.0674
Overall Balance as
% of G.D.P
9.9908831877538695 9.6288420018971621 5.4567
External Reserves -
Stock (US $
million)
28279.06
42298
51333.
Number of Months
of Imports
Equivalent
13.063807131514364 22.879737763088855 21.588
External Debt
Stock (US$ million)
20476.2

Debt Service Due
as % of Exports of
Goods and Non
Factor Services
Effective Central
Exchange Rate (N/
$)
131.41
127.5102
124.76
Average Exchange
Rate (N/$)
132.15
128.65
125.83
End-Period
Exchange Rate (N/
$)
130.29
128.27000000000001 117.97
Source: Central
Bank of Nigeria
Notes: 1Revised
2Provisional
*Negative sign
indicates accretion
to reserves while
positive sign
indicates depletion
of reserves
Table D.2.1:
Balance of
Payments (US$'
Million) -
Continued
Category

CURRENT
ACCOUNT
37225.054790350805
36844.480496000004

Goods
29168.219998478045
35259.360000000001

Credit
55144.469979453621
57443.880000000005

Debit
-25976.249980975572
-22184.52
-285
Exports fob
55144.469979453621
57443.880000000005

Crude oil & gas
54338.170002282932
56396.160000000003

Crude oil
51317.560003043909
51277.98

Gas
3020.6099992390227
5118.18

Non-oil
806.29997717068727
1047.72

Electricity
Other Non-oil
Imports fob
-25976.249980975572
-22184.52
-285
Crude oil & gas
-5515.6899779316636
-5071.92
-560
Non-oil
-13860.560003043909
-14397.28
-184
Trading Partner
Adjustment
-6600
-2715.32
-449
Services(net)
-4825.9052583517223
-11729.129504
-170
Credit
1790.7360170458871
2319.21

Debit
-6616.6412753976092
-14048.339504
-185
Transportation(net) -1462.3400806635721
-1484.6400000000006
-418
Credit
1336.1299748877561
1843.1499999999999
836.
Debit
-2798.4700555513282
-3327.7900000000004
-502
Of which:
Passenger
-175.96004870253404
-234.20999999999998
-958
Credit
84.589985541435198
25.38
125.
Debit
-260.55003424396926
-259.58999999999997
-108
Of which: Freight
-2431.9600487025341
-2666.9300000000003
-347
Credit
72.179971082870409
375.66
378.
Debit
-2504.1400197854045
-3042.59
-385
Of which: Other
1145.5800167414961
1416.5
249.
Credit
1179.3600182634505
1442.11
333.
Debit
-33.78000152195419
-25.61
-83.7
Travel
-184.9399589072369
-3122.5299999999997
-542
Credit
54.430028156152495
185.84
215.
Debit
-239.3699870633894
-3308.37
-563
Business travel
-88.460010653679333
-243.43
-558
Credit

Debit
-88.460010653679333
-243.43
-558
Personal travel
-2.090023590289932
-2879.1
-486
Credit

185.84
215.
Debit
-2.090023590289932
-3064.94
-507
Education related
expenditure
-84.349973365801688
-1073.0899999999999
-254
Credit

Debit
-84.349973365801688
-1073.0899999999999
-254
Health related
expenditure

-1003.28
-107
Credit

Debit

-1003.28
-107
Other Personal
Travels
-10.039951297465949
-802.73
-124
Credit
54.430028156152495
185.84
215.
Debit
-64.46997945361845
-988.57
-145
Insurance services
-3.5500342439692565
-276.45999999999998
-206
Credit
0.56997184384750021 0.68
4.58
Debit
-4.1200060878167566
-277.14
-211
Communication
services
-138.65900616391448
-163.12823999999995
-185
Credit
20.196027699566244
23.76

Debit
-158.85503386348071
-186.88823999999994
-212
Construction
services
-45.460543337645539
-53.482968
-60.7
Credit

Debit
-45.460543337645539
-53.482968
-60.7
Financial services
-14.665017882961722
-18.850000000000001
4.66
Credit
10.935012556122061
12.15
13.5
Debit
-25.600030439083785
-31
-8.84
Computer &
information
services
-150.51206148694925
-177.07298400000002
-201
Credit

Debit
-150.51206148694925
-177.07298400000002
-201
Royalties and
license fees
-67.430028156152503
-85.03
-174
Credit

Debit
-67.430028156152503
-85.03
-174
Other business
services
-2877.8749714633591
-4766.71
-414
Credit
9.0250361464119937
9.5

Debit
-2886.9000076097709
-4776.21
-415
Operational leasing
services
-28.750019024427367
-977.44
-824
Credit

Debit
-28.750019024427367
-977.44
-824
Misc. business,
professional, and
technical services
-2849.1249524389318
-3789.27
-332
Credit
9.0250361464119937
9.5

Debit
-2858.1499885853436
-3798.77
-333
Personal, cultural
& recreational
services
-0.29350886538315196 -0.34531199999999995 -0.39
Credit

Debit
-0.29350886538315196 -0.34531199999999995 -0.39
Government
Services n.i.e
119.81995281942015
-1580.88
-246
Credit
359.44996575603074
244.13
348.
Debit
-239.6300129366106
-1825.01
-281
Income(net)
-2254.0999923902295
-4642.76
-118
Credit
889.58998554143511
1891.93

Debit
-3143.6899779316641
-6534.6900000000005
-144
Compensation of
employees
101.34000456586257
126.67999999999999
191.
Credit
154.97001750247318
193.72
219.
Debit
-53.630012936610612
-67.040000000000006
-28
Investment income -2355.4399969560918
-4769.4400000000005
-120
Credit
734.61996803896193
1698.21

Debit
-3090.0599649950536
-6467.6500000000005
-144
Direct investment
-2600.3900007609773
-5805.09
-131
Credit
0.44996575603074351 14.760000000000002
21.9
Debit
-2600.8399665170077
-5819.85
-131
Income on equity
-2555.8399665170077
-5752.9800000000005
-130
Credit

13.870000000000001
20.9
Debit
-2555.8399665170077
-5766.85
-130
Dividends and
distributed branch
profits
-794.07000989270216
-3908.85
-109
Credit

Debit
-799.07000989270216
-3916.85
-109
Reinvested
earnings and
undistributed
branch profit
-1755.9000076097711
-1844.13
-210
Credit
0.87002511224412149 5.87
6.96
Debit
-1756.770032722015
-1850
-211
Income on Direct
Investment Loans
(interest)
-44.550034243969257
-52.11
-74
Credit
0.44996575603074351 0.89

Debit
-45
-53
-75
Portfolio
investment
-258
-431
-536
Credit
47.000000000000007

53.3
Debit
-305.00000000000006
-485
-589
Other investment
502.95000380488551
1466.65

Income on debt
(interest)
502.95000380488551
1466.65

Credit
687.17000228293125
1629.45

Debit
-184.2199984780458
-162.80000000000001
-648
Current
transfers(net)
15136.840042614716
17957.009999999998

Credit
15268.09002359029
18135.679999999997

Debit
-131.24998097557264
-178.67000000000002
-151
General
government
59.330035765923448
984.18
784.
Credit
120.00000000000001
1032.26
867.
Debit
-60.669964234076559
-48.08
-83.6
Other sectors
621.84004261471728
16972.829999999998

Credit
678.09002359028989
17103.419999999998

Debit
-56.24998097557264
-130.59
-67.7
Workers'
remittances
14455.669964234075
16854.57

Credit
14470
16890

Debit
-14.330035765923446
-35.43
-26.4
Other Transfers

118.25999999999999
0.44
Credit

213.41999999999996
41.7
Debit

-95.16
-41.2
CAPITAL AND
FINANCIAL
ACCOUNT
-19000.686020850771
-19539.978587813865
-133
Capital
account(net)

10650

Credit

10650

Debit

Capital transfers

10650

Credit

10650

General
Government

10650

Debt Forgiveness

10650

Other Sector

Debit

Acquisition/
disposal of
nonproduced,
nonfin assets

Credit

Debit

Financial
account(net)
-26328.686020850771
-30189.978587813865
-133
Assets
-14031.406057377673
-22121.841200000003
-251
Direct investment
(Abroad)
-14.619968038962028
-322.48
-874
Equity capital
-14.619968038962028
-316.61
-868
Claims on direct
investment
enterprises
-14.619968038962028
-316.61
-868
Liabilities to direct
investors

Reinvested
earnings

-5.87
-6.96
Other capital

Claims on direct
investment
enterprises

Liabilities to direct
investors

Portfolio
investment
-1370.4460847728483
-1526.0411999999999
-185
Equity securities
-1238.896050528879
-1376.5511999999999
-172
Debt securities
-131.55003424396926
-149.49
-138
Long-term

Short-term
-131.55003424396926
-149.49
-138
Other investment
-1322.2999771706873
-6254.38
-133
Trade credits
-1374.4499657560307
-4696.8100000000004
-722
Loans -DMBs
-110.9799863024123
-126.11
-116
Currency and
deposits
163.12997488775588
-1431.46
-600
Monetary
authorities

General
government

119.8
-127
Banks
67.129974887755878
-1419.26
-291
Other sectors

-132
-181
Other Assets

Reserve assets*
-11324.040027395176
-14018.94
-903
Monetary Gold

SDRs

Reserve Positions
in the Fund

Foreign exchange
-11324.040027395176
-14018.94
-903
Other Claims

Liabilities
-12297.2799634731
-8068.1373878138602

Direct Invesment in
reporting economy
4978.2600258732218
4897.8099999999995

Equity capital
3221.4899931512064
3047.81

Claims on direct
investors

Liabilities to direct
investors
3221.4899931512064
3047.81

Reinvested
earnings
1756.770032722015

Other capital

38.0
Claims on direct
investors

Liabilities to direct
investors

38.0
Portfolio
Investment

2825.59

Equity securities

Debt securities

1040.5900000000001

Long-term

1011.7

Short-term

28.89
147.
Other investment
liabilities
-18158.539989346322
-15791.53738781386

Trade credits

Short-term

Long-term

Loans
-18195.000000000004
-15896.765848491825

General
government
-15219
-16430
-513
Long-term
-15219
-16430
-513
Drawings

Repayments
-15483
-16931
-938
short-term

Monetary
authorities

Banks

99.234151508174079

Other sectors
-3063

Long-term
-3063

Short-term

Currency &
Deposits
36.460010653679326
105.22846067796667

Monetary
Authority

Banks
36.460010653679326
105.22846067796667

Other Liabilities -
monetary authority
SDR allocation

NET ERRORS AND
OMISSIONS
-18224.368769500034
-17304.501908186139
-145
Memorandum
Items:

Current Account
Balance as % of
G.D.P
32.842622896018376
25.306455505049996
16.8
Capital and
Financial Account
Balance as % of
G.D.P
-16.763772921365604
-13.420940994291531
-8.06
Overall Balance as
% of G.D.P
9.9908831877538695
9.6288420018971621
5.45
External Reserves -
Stock (US $
million)
28279.06
42298

Number of Months
of Imports
Equivalent
13.063807131514364
22.879737763088855
21.5
External Debt
Stock (US$ million)
20476.2

Debt Service Due
as % of Exports of
Goods and Non
Factor Services
Effective Central
Exchange Rate (N/
$)
131.41
127.5102
124.
Average Exchange
Rate (N/$)
132.15
128.65
125.
End-Period
Exchange Rate (N/
$)
130.29
128.27000000000001
117.
Source: Central
Bank of Nigeria
Notes: 1Revised
2Provisional
*Negative sign
indicates accretion
to reserves while
positive sign
indicates depletion
of reserves
Table
D.2.2.1:
International
Investment
Position (N'
Million)
Type of
Asset/
Liability

2006 1
2007 1
Net
international
investment
position of
Nigeria
-2859237.8615399995 709216.02053116297 1036563.1345
ASSETS
5396331.3171600001 7759720.2329311641 8907352.8374
Direct
investment
abroad
39347.579999999994 80102.049600000013 177712.36740
Equity
Capital and
Reinvested
Earnings
39347.579999999994 80102.049600000013 177712.36740
Other
Capital

Portfolio
investment
abroad
367831.34045999998 557873.67978000001 732395.98228
Equity
Securities
331798.79407499998 503224.69522499997 665805.86927
Monetary
Authority

General
Government

Banks
331798.79407499998 503224.69522499997 665805.86927
Other Sector 0

Debt
Securities
36032.546385000001 54648.98455500001
66590.113004
Bonds and
Notes

Monetary
Authority

General
Government

Banks

Other Sector 0

Money
Market
36032.546385000001 54648.98455500001
66590.113004
Monetary
Authority

General
Government

Banks
36032.546385000001 54648.98455500001
66590.113004
Other Sector 0

Financial
Derivatives

Monetary
Authority

General
Government

Banks

Other Sector 0

Other Assets 1331030.0333999998 1696165.9338511631 1941472.7822
Trade Credit 423035.9952
602459.81870000006 213828.8829
Monetary
Authority

General
Government

Banks

Other Sector 423035.9952
602459.81870000006 213828.8829
Loans
120493.49489999999 134801.50839999999 137752.38929
Monetary
Authority

Long-term

Short-term

General
Government

Long-term

Short-term

Banks
120493.49489999999 134801.50839999999 137752.38929
Long-term

Short-term
120493.49489999999 134801.50839999999 137752.38929
Other Sector 0

Long-term

Short-term

Currency
and Deposits
787500.5432999999
958904.60675116291 1589891.5100
Monetary
Authority

General
Government
112742.5428
95627.850400000025 238223.89920
Banks
463238.7
638105.18485116295 930748.29145
Other Sector 211519.30049999998 225171.57150000002 420919.31939
Reserve
Assets
3658122.3632999999 5425578.5697000008 6055771.7055
Gold

Special
Drawing
Rights
53.418899999999994 53.873400000000004 94.376000000
Reserve
Position in
the Fund
(IMF)

Foreign
Exchange
3658068.9443999999 5425524.6963000009 6055677.3295
Type of
Asset/
Liability

2006 1
2007 1
LIABILITIES 8255569.1786999991 7050504.2124000005 7870789.7028
Direct
investment
in Reporting
Economy
3432490.05
4007515.2387000006 4403765.8338
Equity
Capital and
Reinvested
Earnings
3260865.5474999999 3838551.5812000004 4243883.4522
Other
Capital
171624.5025
168963.6575
159882.38159
Portfolio
investment
in Reporting
Economy
896082.50399999996 1244628.1812999998 1459134.3592
Equity
Securities
462529.5
684320.45000000007 801545.98529
Monetary
Authority

General
Government

Banks

Other Sector 462529.5
684320.45000000007 801545.98529
Debt
Securities
433553.00399999996 560307.73129999998 657588.37399
Bonds and
Notes
399078.26999999996 522661.76900000003 605515.23629
Monetary
Authority

General
Government
399078.26999999996 522661.76900000003 605515.23629
Banks

Other Sector 0

Money
Market
34474.734000000004 37645.962300000007 52073.137699
Monetary
Authority

General
Government

Banks
34474.734000000004 37645.962300000007 52073.137699
Other Sector 0

Financial
Derivatives

Monetary
Authority

General
Government

Banks

Other Sector 0

Other
Liabilities
3926996.6246999996 1798360.7924000002 2007889.5097
Trade Credit 0

Monetary
Authority

General
Government

Banks

Other Sector 0

Loans
3209229.0146999997 1078223.5103000002 1245304.2967
Monetary
Authority

Long-term

Short-term

General
Government
2667844.0979999998 519006.07400000014 416811.60400
Long-term
2667844.0979999998 519006.07400000014 416811.60400
Short-term

Banks
128365.6167
139103.68420000002 291233.71870
Long-term
128365.6167
139103.68420000002 291233.71870
Short-term

Other Sector 413019.3
420113.75210000004 537258.97399
Long-term
413019.3
420113.75210000004 537258.97399
Short-term

Currency
and Deposits
717767.61
720137.28209999995 762585.21309
Monetary
Authority

General
Government

Banks
717767.61
720137.28209999995 762585.21309
Other Sector 0

Source:
Central Bank
of Nigeria
Notes:
1Revised
2Provisional
Table
D.2.2.2:
International
Investment
Position
(US$'
Million)
Type of
Asset/
Liability

2006 1
2007 1
Net
international
investment
position of
Nigeria
-21945.182758001378 5529.087241998619
8786.6672419
ASSETS
41417.847241998621 60495.207241998622 75505.237241
Direct
investment
abroad

624.48
1506.42
Equity
Capital and
Reinvested
Earnings

624.48
1506.42
Other
Capital

Portfolio
investment
abroad
2823.174
4349.2139999999999 6208.3240000
Equity
Securities
2546.6174999999998 3923.1674999999996 5643.8575000
Monetary
Authority

General
Government

Banks
2546.6174999999998 3923.1674999999996 5643.8575000
Other Sector 0

Debt
Securities
276.55650000000003 426.04650000000004 564.4665
Bonds and
Notes

Monetary
Authority

General
Government

Banks

Other Sector 0

Money
Market
276.55650000000003 426.04650000000004 564.4665
Monetary
Authority

General
Government

Banks
276.55650000000003 426.04650000000004 564.4665
Other Sector 0

Financial
Derivatives

Monetary
Authority

General
Government

Banks

Other Sector 0

Other Assets 10215.903241998618 13223.40324199862
16457.343241
Trade Credit 3246.88
4696.8100000000004 1812.57
Monetary
Authority

General
Government

Banks

Other Sector 3246.88
4696.8100000000004 1812.57
Loans
924.81
1050.9199999999998 1167.6899999
Monetary
Authority

Long-term
Short-term
General
Government

Long-term
Short-term
Banks
924.81
1050.9199999999998 1167.6899999
Long-term
Short-term
924.81
1050.9199999999998 1167.6899999
Other Sector 0

Long-term
Short-term
Currency
and Deposits
6044.2132419986183 7475.6732419986192 13477.083241
Monetary
Authority

General
Government
865.32
745.5200000000001
2019.3600000
Banks
3555.4432419986188 4974.703241998619
7889.7032419
Other Sector 1623.45
1755.45
3568.02
Reserve
Assets
28076.77
42298.11
51333.15
Gold
Special
Drawing
Rights
0.41
0.42
0.8
Reserve
Position in
the Fund
(IMF)
Foreign
Exchange
28076.36
42297.69
51332.35
Type of
Asset/
Liability

2006 1
2007 1
LIABILITIES 63363.03
54966.12
66718.569999
Direct
investment
in Reporting
Economy
26345
31242.81
37329.54
Equity
Capital and
Reinvested
Earnings
25027.75
29925.56
35974.26
Other
Capital
1317.25
1317.25
1355.28
Portfolio
investment
in Reporting
Economy
6877.6
9703.1899999999987 12368.689999
Equity
Securities

6794.49
Monetary
Authority

General
Government

Banks

Other Sector 3550

6794.49
Debt
Securities
3327.6
4368.1899999999996 5574.2
Bonds and
Notes

4074.7
5132.79
Monetary
Authority

General
Government

4074.7
5132.79
Banks

Other Sector 0

Money
Market
264.60000000000002 293.49
441.40999999
Monetary
Authority

General
Government

Banks
264.60000000000002 293.49
441.40999999
Other Sector 0

Financial
Derivatives

Monetary
Authority

General
Government

Banks

Other Sector 0

Other
Liabilities
30140.43
14020.12
17020.34
Trade Credit 0

Monetary
Authority

General
Government

Banks

Other Sector
Loans
24631.43
8405.8900000000012 10556.11
Monetary
Authority

Long-term
Short-term
General
Government
20476.2
4046.2000000000007 3533.2000000
Long-term
20476.2
4046.2000000000007 3533.2000000
Short-term

Banks
985.23
1084.46
2468.71
Long-term
985.23
1084.46
2468.71
Short-term

Other Sector 3170
3275.23
4554.2
Long-term

3275.23
4554.2
Short-term

Currency
and Deposits

5614.23
6464.23
Monetary
Authority

General
Government

Banks

5614.23
6464.23
Other Sector 0

Source:
Central Bank
of Nigeria
Notes:
1Revised
2Provisional
Table
D.2.3:
External
Reserves
(US$'
Million)
Year
January
February
March

5177.8999999999996 5163.6000000000004 5572.1

1679.9
1726.6
977.4

1193.5999999999999 647
562.200000000000

224.4
210.8
333.1

567.1
779.4
804.3

1308.9000000000001 1320.3
1030.8

2287.019221
2558.1
9449.50514939999

7925.6614
8240.5976934999999 8555.53398700000

4310.4602199999999 4769.7824034999994 4540.12131174999

3386.7689559999999 3960.7350058112461 3770.02887948993

4003.7532310000001 4682.2814850000004 4428.32000700000

4109.6457246600003 5517.3574887000004 4109.64572443

8365.6910475000004 1016.36236561
9505.26121050000

7596.1677779000001 8388.8701612000004 9181.57254450000

1295.1781232799999 1217.1391484599999 8028.98856059999

1002.95246939
1437.3254842599999 1849.15064486000

4480.5192766700002 5352.1762589800001 6180.59157979999

7464.7337724199997 8402.3934511900006 8319.59567828999

6549.6
6274.9
5507.1

5789.2
6494.8
6682.8

10016.25
10787.5

9668.7800000000007 9768.4699999999993 9546.1

7134.42
7655.06
8226.16

8323.9959999999992 9352.4
9684.49

19592.64
20554.09
21807.98

31317.94
34319.11
36201.54

43510.78
42550.61
42633.86

54215.79
56908.42
59756.51

50108.65
48113.06
47081.96

42075.67
41410.1
40667.03

33131.83
33246.07
33221.8000000000

34136.57
33857.370000000003 35197.4400000000
Source:
Central
Bank of
Nigeria
Table
D.3.1:
Monthly
Average
Official
Exchange
Rate of the
Naira (N/
US$1.00)
Year
January
February
March

0.5323
0.54690000000000005 0.572200000

0.64370000000000005 0.65590000000000004 0.6643

0.67359999999999998 0.69169999999999998 0.699899999

0.74860000000000004 0.74860000000000004 0.748600000

0.82030000000000003 0.84770000000000001 0.874600000

0.99960000000000004 0.99960000000000004 1.0016

3.6471
3.7014
3.9213

4.1748000000000003
4.2610999999999999
4.316900000

7.0388999999999999
7.3822999999999999
7.587100000

7.8620999999999999
7.9009
7.938799999

9.2120999999999995
9.6107999999999993
9.452099999

9.5626999999999995
10.226100000000001
17.61070000

20.107800000000001
21.999199999999998
24.88009999

21.886099999999999
21.886099999999999
21.88609999

21.886099999999999
21.886099999999999
21.88609999

21.886099999999999
21.886099999999999
21.88609999

21.886099999999999
21.886099999999999
21.88609999

21.886099999999999
21.886099999999999
21.88609999

86.96590000

98.78
99.914299999999997
100.9319

110.50449999999999
110.705
110.655

113.96250000000001
114.27589999999999
116.04

127.06950000000001
127.315
127.164

136.0823
135.16249999999999
134.4317000

132.86000000000001
132.85
132.85

130.29
129.59309999999999
128.7042999

128.27719999999999
128.2687
128.1512999

117.9768
118.21
117.9218

145.78030000000001
147.14439999999999
147.7226

149.7792
150.22239999999999
149.8284999

151.5455
151.9391
152.5073999

158.38679999999999
157.8681
157.5875000
Source:
Central
Bank of
Nigeria
Notes: The
Dutch
Auction
System
(DAS)
commenced
on July 22,

The
Wholesale
Dutch
Auction
System
(WDAS)
commenced
on February
20, 2006
The
Exchange
Rate from
August
2005,
includes 1%
Commission

Table D.3.2:
Monthly
Average
(AFEM1/
DAS2)
Exchange
Rates of the
Naira -
Central Rate
(N/US$1.00)
Period
January
February
March

79.895499999999998 80.458600000000004 81.59

84.575000000000003 83.920400000000001 82.087500000

79.599999999999994 79.599999999999994 82.742099999

76.510300000000001 82.535300000000007 83.58

85.57
85.57
86.662300000

98.490499999999997 99.627399999999994 100.60809999

109.99769999999999 110.1925
110.15560000

113.41589999999999 114.2526
115.5579

126.57181818181817 126.98444444444443 130.35203095

135.53569999999999 134.65526
133.9829

132.38
132.35319999999999 132.35249999

129.785
129.10329999999999 128.23560000

127.1408
127.1335
127.1335

116.89176590909084 116.87538571428571 116.83654166

142.37125
145.90588749999998 146.42745238

147.822
148.23736842105262 147.83500000

149.54499999999999 149.93469999999999 150.48259999

156.31857142857143 155.83000000000004 155.52727272
Source:
Central Bank
of Nigeria
Notes:
1Autonomous
Foreign
Exchange
Market
(AFEM)
commenced
in 1995
2The Dutch
Auction
System (DAS)
was reintroduced
on 22nd July,

The Initial
Buying and
Selling Rates
were
N81.1800 /
US $1.00 and
N82.0000/
US $1.00,
respectively
The
Wholesale
Dutch
Auction
System
(WDAS)
commenced
on February
20, 2006
Table
D.3.3.1:
Average
Naira
Cross
Exchange
Rates -
Selling
US
Pound
Deutsche
Year
Dollar
Sterling
Mark

0.61
1.2495000000000001 0.269911504424

0.67290000000000005 1.1734
0.277302716981

0.72409999999999997 1.1215999999999999 0.283598223447

0.76490000000000002 1.0765
0.268768842631

0.89380000000000004 1.1999
0.303603637265

2.0206
2.5554000000000001 1.800999999999

4.0179
6.5929000000000002 2.237400000000

4.5366999999999997
8.0894999999999992 2.580099999999

7.3916000000000004
12.0695
3.934899999999

8.0378000000000007
16.241900000000001 5.562400000000

9.9094999999999995
17.4955
5.948400000000

17.298400000000001
27.868400000000001 11.1327

22.051100000000002
33.252200000000002 13.3871

21.886099999999999
33.425175000000003 13.523

21.886099999999999
34.524025000000002 15.089475

21.886099999999999
34.122900000000001 14.5962

21.886075000000002
35.769750000000002 12.65105

21.885999999999999
36.216574999999999 12.45872499999
Source:
Central
Bank of
Nigeria
Table
D.3.3.2:
Average
(AFEM1/
DAS2) Naira
Cross
Exchange
Rates -
Selling
US
Pound
Deutsche
Year
Dollar
Sterling
Mark

81.022800000000004 128.15610000000001 57.069200000

81.252799999999993 126.4165
53.844999999

81.6494
133.7389
47.192700000

83.807199999999995 142.61410000000001 51.2761
1999 3
92.342799999999997 156.43450000000001 50.90231

100.80159999999999 149.53630000000001

111.70099999999999 160.8263

126.2577
198.43430000000001

134.03784992784992 228.5466469095719

132.37039999999999 246.73500000000001

130.60159999999999 222.7629

128.27959999999999 244.9759

125.88102500000001 249.54025000000001

118.86056360065319 218.24685578597402

148.73162316169211 230.64754672353232

148.81267500000001 230.09068829048906

Q1
150.48740000000001 241.22710000000001
Q2
152.87960000000001 249.1371
Q3
151.77119999999999 244.30459999999999
Q4
154.18049999999999 242.37119999999999

Q1
156.38361471861472 245.72311455988458
Q2
155.79138680033418 246.61992848788637
Q3
155.8272943722944
246.26635155122653
Q4
155.75842272347538 250.23495200956938
Notes:
1Autonomous
Foreign
Exchange
Market
(AFEM)
commenced
in 1995
2The Dutch
Auction
System (DAS)
was reintroduced
on 22nd July,

3The Euro
became the
official
currency for
EU member
countries,
including
Germany,
France and
Netherland
effective
from 1st
January 1999
Table
D.3.4.1:
Naira
Official
Cross
Exchange
Rates -
End
Period
US
Pound
Deutsche
Year
Dollar
Sterling
Mark

0.63690000000000002 0.82720000000000005 0.28246407663

0.67020000000000002 0.91200000000000003 0.28201136124

0.74860000000000004 0.92569999999999997 0.27483662530

0.80830000000000002 0.91069999999999995 0.25676620076

0.99960000000000004 0.69620000000000004 0.40612684353

3.3166000000000002
4.7411000000000003
1.64640000000

4.1916000000000002
7.6055000000000001
2.54380000000

5.3529999999999998
9.8496000000000006
3.03889999999

7.65
12.4542
4.56310000000

9.0000999999999998
17.0642
5.92499999999

9.7545000000000002
16.893999999999998
5.80419999999

19.660900000000002
30.8185
12.3653999999

22.6309
33.8596
13.5901999999

21.886099999999999
34.703899999999997
14.2109000000

21.886099999999999
34.398299999999999
15.1326

21.886099999999999
34.334000000000003
14.5328

21.886075000000002
35.831650000000003
12.610975

21.885999999999999
36.365524999999998
12.49315
Source:
Central
Bank of
Nigeria
Table
D.3.4.2:
Naira Cross
Exchange
Rates - End
Period
US
Pound
Deutsche
Year
Dollar
Sterling
Mark

84.575000000000003 130.14400000000001 58.8307

79.599999999999994 131.9821
51.2856999999

74.625
124.3402
42.0516999999

84.367900000000006 140.20567500000001 48.1759750000
1999 1
92.528375000000011 146.50710000000001 49.7391250000

109.55
163.03229999999999

112.4864
161.7534

126.4
203.74420000000001

135.40666666666667 234.46398333333332

132.66999999999999 249.99250000000001

130.4
221.23849999999999

128.27000000000001 249.38990000000001

117.968
234.0205

130.75
190.47659999999999

147.6
239.12675000000002

148.66999999999999 230.7953

Q1
151.02000000000001 242.99119999999999
Q2
151.29
242.3818
Q3
154.1
240.16489999999999
Q4
156.19999999999999 241.5634

Q1
155.82000000000002 247.55303333333336
Q2
155.29666666666665 245.25811666666667
Q3
155.30666666666664 246.95779999999999
Q4
155.25666666666666 250.18063333333336
Source:
Central
Bank of
Nigeria
Notes: 1The
Euro
became the
official
currency for
Germany,
France and
Netherland
effective
from 1st
January

The Inter
Bank
Foreign
Exchange
Market
(IFEM)
started on
the 25th
October,

Previous
rates were
Autonomous
Foreign
Exchange
Market
(AFEM)
rates
All rates are
central
Table
D.3.4.3:
Monthly
Official
Exchange
Rate -
End
Period
(N/
US$1.00)
Year
January
February
March

98.15
100.45
100.57

110.8
110.6
110.7

114.2
115.7
116.1

127.27
127.02
127.22

135.30000000000001 135
133.69999999999

132.86000000000001 132.86000000000001 132.86000000000

130.29
129.28
128.52250000000

128.2801
128.2801
128.05789999999

117.9781
117.9478
117.8973

145.95509999999999 147.30850000000001 147.15700000000

150.31829999999999 150.09610000000001 149.78

151.8535
152.06559999999999 153.0352

158.62050000000002 157.459
157.5701
Source :
Central
Bank of
Nigeria
Table D
3.5.1:
Nominal
Effective
Exchange
Rate
Indices
for
Nigeria1
Period
January
February
March April

113.7
115.6
110.8 107.9

107.8
108.2
108.2 108.7

111.6
110.2
109.8 110

113.7
111.4
108.7 109.9

114.5
113.8
110.5 104

79.400000000000006 77
75.3
74.3

16.5
16.100000000000001 15.4
15.2


9.3000000000000007 8.8000000000000007 8.6
8.69999999

8.1999999999999993 8.1
8.1
8.1

6.4

6.5
7.2

6.4

3.6
3.4

3.2

2.6
2.8

3.1
3.1


Source:
Central
Bank of
Nigeria
Notes:
1Indices
are
tradeweighted
and
provided
at 1985
base
period.
Table D
3.5.1:
Nominal
Effective
Exchange
Rate
Indices
for
Nigeria1 -
Continued
Period
January
February
March

31.011751549699184 31.245552505709647 30.709470699184

28.981104939619012 28.66715540075764
29.726048162653

25.77254706967263
28.095242599943482 28.106286618315

72.126995386603483 68.138156829016424 71.519813969162

76.411549024088742 77.926432704555737 77.762953149316

82.713113820177099 82.074926322644231 80.564392588254

81.496551005036963 82.666666423382011 83.341930523846

95.934451973943155 95.653230233461784 96.266966848916

108.64488115126018 108.56677444667162 107.67136395763

109.48962689738831 109.76904115698792 108.80812981282

105.20074134487862 103.98859931067022 103.74237241512

106.21892522773322 106.82388064651769 107.29952943606
Table D
3.5.1:
Nominal
Effective
Exchange
Rate
Indices
for
Nigeria2 -
Continued

80.814112581235378 81.413626338427463 82.157858568658

90.719564829565783 90.611727060240412 91.914483873781

97.880392561322111 96.882771937462905 96.949511292306

99.64068897405518
99.900702053291511 101.57874642309

101.68905257710799 101.40870934082463 100.28550831853
Source:
National
Bureau of
Statistics
Note:
1Base
period for
indices is
May 2003
2Base
period for
indices is
November

Table D
3.5.1:
Real
Effective
Exchange
Rate
Indices
for
Nigeria1
Period
January
February
March

17.925723912487356 18.323343945967615 18.334029937073

18.412320684825303 18.351624106434819 19.725042184549

17.273086845118851 18.803354551371449 19.044681224164

53.058847952961031 50.343951272433493 53.074067863651

53.457762451090993 55.050761743289861 55.170650619523

65.954432474578667 66.552801699900016 65.616057833312

75.026369721815072 77.128491656166602 77.513129732153

94.590228592839253 92.408281943792545 91.431754074287

127.89845964401209 127.9857235885563
122.56020716614

137.3329614261522
139.3366926867414
139.58641029457

140.9428213216259
141.20112121851369 144.24153088107

149.41748589802242 150.75525466563349 152.24737485754
Table D
3.5.1:
Real
Effective
Exchange
Rate
Indices
for
Nigeria2 -
Continued

101.24916385284526 101.83348272522554 102.47926315312

96.723825873689663 96.527263402128384 97.515336067511

95.780542550673829 93.345722112487991 95.050994552574

90.374369024742592 90.200116544910088 91.257216128222

84.383410074744546 84.402726821410837 82.839542793284
Source:
National
Bureau of
Statistics
Note:
1Base
period for
indices is
May 2003
2Base
period for
indices is
November

Table D.3.6:
Foreign
Exchange
Budget and
Disbursement
(US$'
Million)
Year
Budget
Disbursement
Change b/w
(1)
(2)
(1) & (2)

20667.5
25316
-4648.5

14261.8
18879.2
-4617.400000

9951.7999999999993 15094.5
-5142.700000

10468
11656.9
-1188.899999

8964.7999999999993 11724.8
-2760

6844.3
6481.9
362.40000000

5312.8
-338.8000000

5200.6000000000004 1903.3999999

7489.2
7437.6
51.599999999

10369.200000000001 8208.1
2161.1000000

8056.9
941.10000000

2232.5
5621.4
-3388.899999

8130.8
5177.3
2953.5

10697.2
20456.54
-9759.34

15500
17181.5
-1681.5

14266
9995.2999999999993 4270.7000000

16036
10781.1
5254.9

12139.2
10129.799999999999 2009.4000000

3034.8
11810.9
-8776.099999

14737.2

13110.2

16314.4

15342.24

24307.54

24321.56

24356.68

47170.07

36513.08

39157.769999999997
Source:
Central Bank
of Nigeria
Note: Foreign
Exchange
Budget was
discontinued
from 2001
Table D.3.7.1:
Sectoral
Utilization of
Foreign
Exchange for
Transactions
Valid for
Foreign
Exchange (US$'
Million)
Category

(A) Imports
4369.659790239999
4337.5179665900005

1. Industrial
Setor
2913.1901721199997
2304.3297587299999

(i) Raw
Materials
1486.3318212199999
1436.6334569400001

(ii) Machinery,
Spare Parts &
CKD
1426.8583509
867.69630179000001

2. Agricultural
Sector
46.585051450000002
93.345776010000009
82.38
3. Finished
Goods
1310.8988659400002
1801.4203808299999

(i) Food
663.55987161999997
744.32754595000006
813.1
(ii) General
Merchandise
647.3389943200001
1057.0928348800001

(a) Drug &
Pharmaceuticals
72.818122689999996
96.186120410000001
140.6
(b) Books &
Educational
Materials
37.992400450000005
51.840158280000004
78.61
(c) Cement
57.274550810000001
117.96176611
156.4
(d) Other
Building
Materials
15.758853050000001
122.31685889000001
97.04
(e) Detergents
4.5806209000000004
7.5815097800000002
6.658
(f) Alcohol
12.70863772
13.29995284
1.339
(g) Insecticides
5.5808219599999997
14.517646859999999
33.43
(h) Lubricants
26.71794517
32.09428054
56.55
(i) Glass
Products
7.1887641599999998
9.862019720000001
17.26
(j) Furniture/
Wood Products
10.291301220000001
14.27266857
6.284
(k) Others
396.42697619
577.15985288000002
674.9
4. Transport
98.936651519999998
137.99452849000002
188.9
(i) Aircraft/
Shipping
Vessels
4.8867690799999997
2.2916080600000002
12.70
(ii) Motor
Vehicles (Cars)
60.002594389999999
79.362106060000002
85.63
(iii) Buses/
Trucks/Lorries
22.566540329999999
34.210695530000002
71.69
(iv) Rolling
Stocks
3.76613591
2.87596637
1.823
(iv) Motorcycles
& Bicycles
7.7146118099999992
19.254152469999998
17.13
5. Personal
Effects
4.9049209999999996E-2 0.42752253000000001
2.624
6. Minerals
7. Oil Sector
B. Invisibles
413.35121801999998
516.01768069000002
703.9
(i) Education
41.664925070000002
9.5063249899999995
14.27
(ii) Personal
Home
Remittances
3.9966872499999999
4.6383516500000006
9.619
(iii) Airline
Remittances
19.890736019999999
37.235348420000001
75.84
(iv) Travels
(PTA)
127.06360487000001
167.31811003999999
274.4
(v) Travels
(BTA)

(vi) Estacode

(vii) ReInsurance
3.8178142899999998
2.3223239200000001
3.723
(viii) Contract
Services Fees
8.7442046799999993
6.5214656799999995
12.33
(ix) Technical
Services Fees
30.620970070000002
21.382846609999998
29.78
(x) Royalty
8.1631396800000005
9.1001763800000006
14.33
(xi) License
0.72519328000000005
0.14719628000000001
0.214
(xii) Trade
Mark
4.562824E-2
2.5590999999999999E-2 1.85E
(xiii)
Consultancy
Fees
1.02952515
0.81907114999999997
2.158
(xiv)
Management
Services Fees
3.5434383700000001
5.6217101700000001
1.498
(xv) Aircraft
Lease &
Maintenance
Fees
28.89516266
5.0517261799999993
11.52
(xvi) Shipping
Vessels Charter
& Maintenance
Fees
12.940442130000001
5.1780038600000005
0.655
(xvii)
Investment
Income - Profit
& Dividend
43.180706610000001
66.30328634
57.74
(xix)
Repatration of
Capital
6.2117387800000001
0.60305178000000004
5.981
(xx) Others
72.817300870000011
174.24309624
189.8
Total (A+ B)
4783.0110082599986
4853.5356472800004

Source: Central
Bank of Nigeria
Table D.3.7.2:
Sectoral
Utilization of
Foreign
Exchange for
Transactions
Valid for
Foreign
Exchange (US$'
Thousand) -
Continued
Category

A. Imports
30148793.156699996 23761042.949590001 23824981.1
1. Industrial
Sector
10552505.89511
7378085.6080199992 6174059.32
2. Food
Products
3974499.8424899997 3433800.9534900002 4381103.34
3.
Manufactured
Products
6810416.7786199991 6027509.2575000003 5281140.08
4. Transport
Sector
1672055.4395700002 1564059.4766900002 1471882.03
5. Agricultural
Sector
364035.08297999995 271721.99598999997 314230.041
6. Minerals
302144.45004999993 154742.21347000002 194883.046
7. Oil Sector
6473135.6678799996 4931123.4444300001 6007683.26
B. Invisibles
18176659.24571
8835372.0996899996 9545882.84
1. Business
Services
1556891.8650900002 1487427.9418100002 1372527.77
2.
Communication
Services
839316.38873000001 345487.15919000003 287955.664
3. Construction
& Related
Engineering
Services
37413.173869999999 42385.296469999987 133766.030
4. Distribution
Services
66544.015459999995 44498.547930000001 62623.7955
5. Educational
Services
714202.74028000003 192725.64453000002 158117.638
6.
Environmental
Services

133.24578
107.677760
7. Financial
Services
14287015.997059999 5882952.8022800004 6625504.72
8. Health
Related &
Social Services
7008.3855499999991 4327.4800900000009 940.223850
9. Tourism &
Travel Related
Services
29663.844379999999 10489.07424
52521.1158
10.
Recreational,
Cultural &
Sporting
Services
435.29716999999999 369.69889000000001 163.139000
11. Transport
Services
534181.40651
711994.66668999998 787152.481
12. Other
Services not
Included
Elsewhere
103986.13161
112580.54179
64502.5763
Total (A + B)
48325452.402409993 32596415.049280003 33370863.9
Source: Central
Bank of Nigeria
Note:
1Provisional
Table
D.3.8:
Supply of
Foreign
Exchange
(US$'
Million)
Month

January
...
42.34352286
137.3609173099
February
392.26216225000002 169.67071339
328.7059362599
March
...
203.98954578000001 284.98797507
April
267.95936899999998 187.15035019999999 337.7802877599
May
...
149.71564111000004 311.8428172200
June
379.92598292999998 160.97252869000002 171.8290312199
July
...
241.21896784999998 168.7351103099
August
...
196.26084788
231.0045611699
September 436.54714124999998 149.73016455999999 267.2939309300
October
...
188.35027278000001 307.7383243699
November 199.11732096
110.07773027
193.3773423499
December ...
47.555328580000001 198.6784182700
Source:
Central
Bank of
Nigeria
Notes: ...
Indicates
"not
available"
The
supply
figures
include
foreign
exchange
sold to
Bureauxde-Change
which
started
from
April,

Table
D.3.9:
Monthly
Average
Exchange
Rate
Movements
at BDC &
IFEM
Segments
of the
FOREX
Market (N/
US$1.00)
Bureau-de-Change
Month

January
147.64769999999999 139.80000000000001 144.09
February
142.94999999999999 139.93
145.4737000000
March
139.9239
139.72999999999999 148.4565000000
April
138.85230000000001 141.77000000000001 147.8471999999
May
139.6429
141.21
142.3261
June

141.85
136.8181999999
July
139.8409
143.94
130.119
August
140.3295
145.82
130.4565000000
September 141.0795
145.80000000000001 130.21
October
140.53569999999999 144.99
130.2955
November
140.69319999999999 143.94
129.8181999999
December
138.71430000000001 141.93
129.3158
Average
140.85082500000001 142.55916666666667 137.102225
End-Period 138.5
141.5
129.5
Source:
Central
Bank of
Nigeria
Note: *
Operations
of the
Inter-Bank
Foreign
Exchange
Market
(IFEM) was
stopped
from
trading
midFebruary
2009 and
reopened
for trading
in June

Table
D.4.1:
Export
Commodity
Price Index
(Base
Period:
January
2007)
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

Jan
66.545077831823704 210.868184989789
114.1570
Feb
103.58945881122656 104.65492992931746 113.6653
Mar
101.61530209281828 163.6841348286888
86.40696
Apr
102.81373826219841 165.61460183013719 87.43238
May
98.544657943170165 200.27698108224203 121.5631
Jun
98.923509435872603 201.04693893506342 122.0305
Jul
82.913157603670854 119.13985781881411 97.18022
Aug
102.55440972409041 159.82015855203196 95.16469
Sep
99.802541500478611 160.76410070885095 84.86550
Oct
65.754509097011848 200.8873199692332
111.4593
Nov
95.914813190527639 194.93222289070243 111.8604
Dec
110.33026990793431 142.71100329622615 144.7072

Jan
100.13964701688073 112.26302333362524 122.8880
Feb
76.672313356028425 114.95413598646768 136.4690
Mar
103.12237207309983 104.1830389627023
113.1528
Apr
100.05431380497025 161.16966100327284 85.07959
May
91.841857540623309 147.74809665916351 80.54389
Jun
65.293536073797966 403.1408111957648
112.0100
Jul
109.67935490247555 131.59771956747176 112.8099
Aug
96.059045992317891 195.22535405294414 118.4969
Sep
102.11993797337618 103.17029431021294 112.0528
Oct
110.45205946829432 142.86853676699977 144.8670
Nov
83.497441436243506 119.97851824963496 97.86487
Dec
100.37100933545314 112.52239546186969 123.1719

Jan
103.04030259274285 160.57737099678451 95.61557
Feb
100.26580254074318 161.51033165058726 85.25943
Mar
77.019246900625831 115.4742904479449
137.0865
Apr
100.50750395305516 161.8996695332323
85.46496
May
100.4067950312585
161.73744541546353 85.37932
Jun
92.165733108776635 148.26912269272222 80.82792
Jul
65.747923768108791 200.94596983299351 112.7895
Aug
110.54305906021337 132.6340266978365
113.6983
Sep
95.982121831363088 195.06901743308188 118.4020
Oct
102.08925904147951 103.13929982964709 112.0192
Nov
100.44142395414907 112.60133480524844 123.2583
Dec
83.347345337345686 119.76375234112815 97.68912

Jan
110.50741835936701 142.94014289007865 144.9396
Feb
103.2263892232906
160.86736725222164 95.78825
Mar
66.345542366061096 409.63619642910044 113.8147
Apr
103.51680087418464 104.58152466784401 113.5856
May
105.29091700775642 164.08471459726613 97.70401
Jun
103.07180487430232 166.03030113191963 87.64547
Jul
98.881393457749851 200.96134463568887 121.9785
Aug
97.149951002712399 98.149188424210706 106.5994
Sep
108.28199093968081 140.0615767666205
142.0207
Oct
96.144759121964384 149.83139863590563 89.21689
Nov
92.652208053544939 149.24618831687067 78.78533
Dec
97.366175726907926 202.68449667462255 121.0705

Jan
35.243735586151224 133.23046096988037 90.15962
Feb
110.71618490638063 143.20266554274644 145.2122
Mar
110.9557709862238
144.63976152656804 145.6979
Apr
66.302855190680518 99.40729705582153
118.0124
May
102.08925904147951 103.13929982964709 112.0192
Jun
59.926493012472449 183.08208431176254 101.5803
Jul
78.487782628944188 112.78093287339262 91.99336
Aug
64.667929822250485 399.27814080533011 110.9368
Sep
106.55627763051174 129.07041146314032 109.8516
Oct
96.154934989922978 195.41917808974657 118.6150
Nov
101.13821214913952 102.17847089636248 110.9756
Dec
106.30205017912262 127.54549294697406 109.3362

Jan
98.413951506837208 100.48298254094124 98.83918
Feb
79.166609855166513 116.85270482755385 93.36952
Mar
88.061035652646368 101.38371206994063 108.5021
Apr
96.850207023724835 154.06284792160261 90.64702
May
95.19364918471156
193.46656711443134 111.0194
Jun
98.779893283877414 100.17954714995733 99.06607
Jul
97.233072349217281 201.88611001694392 120.8006
Aug
97.099968971526621 201.08772335926517 120.5308
Sep
91.867233187715854 151.35290633690713 81.50008
Oct
91.055302583802856 146.48274772506716 79.85409
Nov
100.4067950312585
161.73744541546353 85.37932
Dec
90.053958775965427 146.16307810423731 79.31429

Jan
92.568281580541893 161.24460206778753 84.41146
Feb
66.981682416902871 103.47906900998279 119.3886
Mar
96.671096677077827 202.32865901466465 114.0145
Apr
108.6274075267909
130.33555060518907 111.7280
May
99.477447494585519 106.86209193579387 100.9951
Jun
109.45397950224987 135.29353174937367 113.4036
Jul
87.602827115918799 98.208437100231507 107.5032
Aug
102.12249049348794 106.56899357907533 112.6888
Sep
90.208599312825427 145.12063680872126 79.11155
Oct
98.585916866956993 102.88582104872032 108.7877
Nov
97.927150610734088 98.934381931604378 107.4522
Dec
109.36481084907766 141.46219253428671 143.4409

Jan

Feb
92.535876615237584 148.86458101678943 81.15253
Mar
110.7313022740793
132.8598885083006
113.8919
Apr
102.26310632222729 103.31493521952029 112.2099
May
83.49764109131003
119.97971582962148 97.86528
Jun
103.38146141541371 161.1090307984193
95.93214
Jul
100.70892179664845 162.22411776876987 85.63623
Aug
65.853289030557704 201.1891036246702
111.6267
Sep
96.155201193511431 195.42077482777191 112.1408
Oct
110.71778214544338 143.21224615777845 145.2155
Nov
100.59231242278327 112.77049054106003 123.4435
Dec
77.096343243869697 115.58988032827318 137.2237

Jan
103.7970529170607
104.86465924781308 113.8931
Feb
100.70892179664845 162.22411776876987 85.63623
Mar
92.535876615237584 148.86458101678943 81.15253
Apr
65.853289030557704 406.59688471584946 112.9702
May
110.7313022740793
132.8598885083006
113.8919
Jun
96.155201193511431 195.42077482777191 118.6155
Jul
102.26310632222729 103.31493521952029 112.2099
Aug
110.71778214544338 143.21224615777845 145.2155
Sep
83.49764109131003
119.97971582962148 97.86528
Oct
100.59231242278327 112.77049054106003 123.4435
Nov
103.38146141541371 161.1090307984193
95.93214
Dec
100.70892179664845 162.22411776876987 85.63623

Jan
77.096343243869697 115.58988032827318 137.2237
Feb
100.70892179664845 162.22411776876987 85.63623
Mar
100.70892179664845 162.22411776876987 85.63623
Apr
92.535876615237584 148.86458101678943 81.15253
May
65.853289030557704 201.26799863080282 112.9702
Jun
110.7313022740793
132.8598885083006
113.8919
Jul
96.155201193511431 195.42077482777191 118.6155
Aug
102.26310632222729 103.31493521952029 112.2099
Sep
100.59231242278327 112.77049054106003 123.4435
Oct
83.49764109131003
119.97971582962148 97.86528
Nov
110.71778214544338 143.21224615777845 145.2155
Dec
103.38146141541371 161.1090307984193
95.93214

Jan
66.511821920863269 410.66285356300801 114.0999
Feb
103.7970529170607
104.86465924781308 113.8931
Mar
105.44909064372196 164.3312114143877
97.85079
Apr
103.22664484156466 166.2797207129891
87.77714
May
99.039857229316766 201.283398072605
122.1740
Jun
105.45963555278635 164.34764453552916 97.86057
Jul
113.53105575378599 299.79200436823834 180.7226
Aug
106.55616014326067 267.467938309229
167.6380
Sep
109.34413962311535 382.20476922441662 167.7461
Oct
121.4504914913595
377.21940235895181 168.3092
Nov
141.55905107769058 345.99248729015318 182.2331
Dec
134.74383138058744 381.9354338532134
176.8319

Jan
177.57038634153142 174.63799602696702 132.3011
Feb
176.27156555112711 192.83063550156689 150.5355
Mar
209.32145249615991 193.37814027942534 189.4028
Apr
74.584920694841472 150.33192854523293 113.9568
May
216.41684574504237 188.08693907239268 135.8324
Jun
450.1035583680528
250.64816570592828 547.3563
Jul
120.53158256720128 228.70138800835679 125.1459
Aug
131.52737351281061 197.82743430111393 146.4193
Sep
110.48619452918513 105.7410673002545
183.1979
Oct
116.92436783594349 151.67297796972727 105.3654
Nov
132.06936975867865 112.83314612360269 127.5614
Dec
107.51475169747009 261.88184665928799 173.3675

Jan
126.35231573885804 117.33197687252505 105.2282
Feb
108.1023484984977
127.65771797577624 122.6699
Mar
93.768309370385467 117.21700426510201 95.51438
Apr
108.10340194100867 130.28210535710281 134.6866
May
110.32719321971705 115.3147483959433
128.6938
Jun
106.38168785813035 124.41910913212396 133.5029
Jul
94.779154315137731 153.987754741587
129.7864
Aug
75.16601208912077
116.22525310541593 124.1675
Sep
96.887055840494696 222.78730770794979 109.3838
Oct
106.53591596250658 135.05656457237802 140.4233
Nov
94.534811067340016 127.58033529656144 137.6309
Dec
80.200752397830257 114.33992886514388 135.3586
Source:
National
Bureau of
Statistics
(NBS)
Table
D.4.2:
Import
Commodity
Price Index
(Base
Period:
January
2007)
Year
Month Live animals, animal
products
Vegetable products
Animal a
fats and o
other cle
products

Jan
111.92351552708652 85.783985756326302 89.67554
Feb
157.45066956867598 96.54636974130149
134.5314
Mar
98.696510527706394 97.879688077962442 135.7002
Apr
57.705198220734587 99.576695296431382 137.3950
May
100.80605802008996 99.971154702434021 137.7456
Jun
76.842341190168341 97.990573967743771 135.8756
Jul
94.737399215041123 92.791499190027579 142.1462
Aug
75.845783725796409 89.302930000866354 138.6398
Sep
76.2575791580079
91.37674232524509
140.8021
Oct
80.194342218704733 92.914330989182886 142.1267
Nov
187.81671861400105 90.605825703952647 139.9644
Dec
138.128640919725
93.710546391568073 142.9254

Jan
132.53537515797265 88.726169220916006 138.2502
Feb
105.17052810091539 105.17052810091539 138.7119
Mar
137.03866527019076 137.03866527019076 137.7379
Apr
123.56964484228369 105.50406743972941 139.2963
May
126.0229385287963
103.11069236423621 137.1535
Jun
77.254890668213633 100.81598836372652 134.8159
Jul
145.80597832576299 103.76645718775171 138.2325
Aug
149.54008974325649 103.25713271488961 137.6481
Sep
152.60553353137317 99.895421815224836 134.5313
Oct
148.30334814630265 99.309622733376855 134.1417
Nov
142.14643471512505 98.986621164629028 133.5573
Dec
171.53057051483344 91.512895795846163 137.9702

Jan
130.52767774429043 92.521736644867403 139.1390
Feb
127.32667053646331 88.401921490894054 135.2430
Mar
111.71786367622894 86.996621257692226 134.0742
Apr
133.99316621706046 90.071217783125391 136.8014
May
124.20762178479485 96.754082054024494 140.6454
Jun
142.03284006487289 98.308841812163763 142.3986
Jul
77.900817952470462 92.827493597765695 137.1390
Aug
141.17858589980099 95.94955157493817
140.0610
Sep
138.51715975229826 94.549741053743261 138.8922
Oct
116.56699770093546 86.637222941093128 131.4897
Nov
124.73363168041635 88.700935554062028 133.4377
Dec
118.95374319451341 97.557114359993221 142.5924

Jan
178.91604035100232 102.84130716498237 190.7396
Feb
174.27544919369038 81.823656359076764 201.9011
Mar
167.49778112465637 624.58716757989339 209.0418
Apr
180.73055966823452 78.346794441383508 211.3756
May
178.59607239826624 149.84911060294661 120.8214
Jun
150.01831603433854 82.588451715561533 127.2951
Jul
159.1996389427087
76.726031910808885 115.3721
Aug
179.86767944980909 62.240674221261052 133.7455
Sep
161.24669191415765 126.63029538416593 133.2812
Oct
179.40337552053461 129.41432782862361 150.2498
Nov
193.92249592330225 82.126125673564459 148.4295
Dec
178.72950925173572 127.4339988122165
149.8744

Jan
216.59303980216498 218.81775211134129 291.5774
Feb
161.39898466283199 124.9921857154546
348.6106
Mar
160.93454437750245 201.65272812993311 194.7293
Apr
137.0388185787223
193.7934908127211
58.07029
May
132.42375784618937 298.44067297669585 108.6746
Jun
119.69345686112172 220.44857858769225 118.8563
Jul
127.72240612805888 221.49331076116877 160.7284
Aug
136.48475163563387 124.02629718057187 169.8608
Sep
127.0952859787066
266.5126666378697
210.6464
Oct
212.15321169470363 141.09302345430987 221.8913
Nov
249.61003838145487 149.69875187371971 179.0325
Dec
272.18117863076492 249.89952611010696 939.8954

Jan
292.9050767026597
172.86742925700005 123.4450
Feb
186.0061414867983
103.20744193550043 68.88808
Mar
104.75362262771306 248.37089817501717 1479.225
Apr
118.54013532560349 138.79491232659123 616.3037
May
150.17650856750691 228.04120835245902 203.2184
Jun
95.622082324972666 143.02297968395507 254.9915
Jul
105.41290774149014 114.75434362929866 145.7603
Aug
107.43719688514994 125.6826992316014
778.3004
Sep
109.39230905094153 91.764802756857051 869.8902
Oct
107.32802128807863 206.80116103294674 148.3297
Nov
100.20643100966362 125.00701579935077 651.4517
Dec
91.593666702838917 154.65747748419463 196.3613

Jan
96.648876613407026 141.86117946483665 145.4000
Feb
115.86934497438796 89.565633307456253 158.5240
Mar
97.665210944852333 248.59517290399103 152.6717
Apr
96.368832119497384 73.976094217208185 147.0659
May
88.944105546472372 120.16578821431666 138.3372
Jun
73.334494738842807 65.555228423261141 137.8813
Jul
72.419708912532528 74.791204805892733 230.4286
Aug
76.087400054328313 71.615463123019097 422.7299
Sep
80.698873126021994 47.465186311132513 379.6569
Oct
72.074069158030412 67.54309074659777
191.1546
Nov
69.926417422495646 61.513681235723972 177.7892
Dec
78.710330139569422 97.483964828749961 133.5485

Jan

Feb
102.82936294520022 104.99584889350064 139.9859
Mar
111.66646365507947 98.207295057710439 144.2890
Apr
113.22165342159359 110.36317584255421 141.2443
May
104.27059678901176 110.36780580804569 141.7389
Jun
107.54523054346987 97.502322694400263 141.0870
Jul
131.55268558707235 102.3955155662933
143.7622
Aug
114.22808538661825 102.14046397168993 144.7352
Sep
122.85533268861533 100.86735349263267 144.2024
Oct
112.44733241601179 103.34453871295364 144.2272
Nov
131.97537522224789 109.39626810533382 144.0034
Dec
140.90762402384044 110.08134344484979 177.2062

Jan
120.09602596968632 97.511748818864405 141.0870
Feb
135.81941414962412 102.36371387682262 143.7622
Mar
115.89260857157618 102.10917453018898 144.7352
Apr
121.03508218186452 100.82647373958582 144.2024
May
115.58978501194714 103.60354467972341 144.2272
Jun
133.01340200921317 107.29677002306799 144.0034
Jul
141.83848264833017 110.1754309629508
177.2062
Aug
114.81297105580039 105.05412741373036 137.4415
Sep
114.19820548441086 98.20130919621279
144.2890
Oct
115.74733177835637 110.26685130762473 141.2443
Nov
115.72819895111869 110.25266679385793 141.2443
Dec
104.27059678901176 110.36780580804569 141.7389

Jan
126.11273269731984 100.77853833963376 144.2024
Feb
116.52282998714935 103.31821554934405 144.2272
Mar
132.75493035125197 109.53521218225077 144.0034
Apr
144.34405938416469 110.18029185686696 177.2062
May
119.63301416746738 97.477778070839619 141.0870
Jun
139.00388601177696 102.33701689554579 143.7622
Jul
113.75846237587504 102.06776221031934 144.7352
Aug
115.48770928908205 100.72764016203142 144.2024
Sep
107.84732537574233 103.37142319091414 144.2272
Oct
123.4724478289788
107.36103079896691 144.0034
Nov
129.07843163753247 107.41667013480924 177.2062
Dec
124.89920022707476 107.41667013480924 144.0034

Jan
112.44733241601179 107.41667013480924 144.2272
Feb
107.54523054346987 103.34453871295364 141.0870
Mar
140.90762402384044 110.08134344484979 177.2062
Apr
147.42639922633836 121.0408241911592
173.0429
May
172.91742261197712 139.48580102998832 187.2044
Jun
176.5578257762478
141.0726535526274
201.6157
Jul
100.60688699858983 122.09296196123339 130.8587
Aug
108.80949805870461 94.513589771857283 150.8518
Sep
124.03103230738655 147.5489864085344
182.9338
Oct
119.59618726353855 183.44759679652913 153.8449
Nov
133.67290664791389 142.27924941557919 228.4614
Dec
124.03102176190897 210.06578275641652 184.7886

Jan
188.75010575538795 326.48783278383507 174.6571
Feb
179.74977007380278 221.25201720043228 179.9984
Mar
224.23525648952437 195.68745324879907 190.1138
Apr
278.47990991913457 202.54497350006412 214.2387
May
236.57473029764287 244.58407443099287 181.0099
Jun
209.74919051107838 210.33466110032447 194.3656
Jul
214.11411165124346 281.10945230574367 273.2656
Aug
271.8874356677909
256.84990780755476 391.3952
Sep
243.59051156199453 245.14053939489284 354.6555
Oct
293.64527214534814 311.10540547339127 363.7511
Nov
248.09717131625604 280.80761628970873 337.3176
Dec
223.60203916947958 302.84424057955312 257.2119

Jan
201.18507289078391 118.38313549772889 222.5562
Feb
249.66942707063697 215.02956100309333 182.5619
Mar
225.76692393954241 199.30239300326085 199.3992
Apr
238.59757468916928 163.92590036033343 174.0507
May
202.85980659815414 319.79477755238543 151.5081
Jun
219.41532732018862 233.12352636858247 155.9579
Jul
198.73318574840206 197.80687741864301 158.8339
Aug
215.74567694449738 179.65631449957783 177.2683
Sep
210.04793309267166 275.82230903518911 150.8072
Oct
169.89955909764657 242.54785265096541 156.4636
Nov
199.32176746321022 232.25416943220853 168.1905
Dec
163.65154777659725 213.48027938365416 187.4031
Source:
National
Bureau of
Statistics
Table
D.4.3:
Commodity
Terms of
Trade
(Base
Period:
January
2007)
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

Jan
59.455850290656024 478.95674392756831 124.0152
Feb
65.79169151519136
108.39861737913405 121.0109
Mar
102.95734018305795 167.22993099274311 91.39854
Apr
178.17066994365763 166.31863644110356 88.44076
May
97.756682364794869 200.33476824226963 110.0122
Jun
128.73567866842853 205.16967172908224 123.7151
Jul
87.518929473110362 128.39522893668067 96.27186
Aug
135.21438461873254 114.83879613255186 100.8168
Sep
130.87557014324423 175.93546959315913 92.46353
Oct
81.993950293509727 216.20703483580007 110.5321
Nov
51.068304194820243 215.14314490949843 115.1440
Dec
79.875013012003777 152.28915932248481 158.6782

Jan
75.556919726164779 126.52752205959179 128.2594
Feb
72.902850960735151 109.30261363351197 129.3804
Mar
75.250566597229877 76.024557563583215 109.3495
Apr
80.969977645135344 152.76156162921691 80.20671
May
72.877095719869601 143.29076187098681 79.37448
Jun
84.5170260536824
399.87785443446035 112.6362
Jul
75.2228105883474
126.82105868697342 93.19544
Aug
64.236316934970731 189.06718491980047 115.1894
Sep
66.917585234471204 103.27830088254252 110.2570
Oct
74.477117913300461 143.86172541463424 107.3299
Nov
58.740440169027316 121.20680233149224 96.31494
Dec
58.514939368649365 122.95796617877015 117.5170

Jan
78.941343608827097 173.55637369101683 88.53581
Feb
78.746897345461846 182.7000238532415
82.35770
Mar
68.940851862184147 132.73422436246014 126.4822
Apr
75.009425324153739 179.74628690272218 78.70855
May
80.837869358150783 167.16343329592473 70.82440
Jun
64.890438765204124 150.81972278344639 73.00184
Jul
84.399529422429808 216.47247172666329 109.5944
Aug
78.300160293905591 138.23308657596712 106.3278
Sep
73.701524940331922 206.31364534589491 112.1933
Oct
87.579899160995751 119.04732899826919 108.5237
Nov
80.524733065972896 126.94492352520841 120.2625
Dec
70.067021935624112 122.76270482867169 86.69283

Jan
61.764958660257939 138.99098215541741 86.59782
Feb
59.2317447471126
196.60251620419857 54.67108
Mar
39.60980373625663
65.585112485792834 71.59102
Apr
57.276866216875277 133.48539070872704 77.63840
May
58.954777444914598 109.49995895006639 64.49207
Jun
68.706147088539254 201.03331359659785 46.55531
Jul
62.111568917147089 261.92068015363918 83.99449
Aug
54.011899914359809 157.69300325265999 77.88170
Sep
67.152999949497584 110.60668881937556 103.9293
Oct
53.591388034368173 115.77651497314829 68.07536
Nov
47.777957689957518 181.72802758295884 47.11240
Dec
54.476832692339727 159.05056622549628 93.39577

Jan
16.271868947562986 60.886495581075415 84.00532
Feb
68.597819953868068 114.5692946507457
137.8622
Mar
68.944657851676666 71.727153343232104 137.4792
Apr
48.382535604386199 51.295477799038736 114.5296
May
77.092857582290122 34.559397953676665 106.1658
Jun
50.066640720389699 83.049791241422909 97.11635
Jul
61.451850938550002 50.918437439856476 90.44218
Aug
47.381065684825394 321.93022760650081 107.9535
Sep
83.839677301929243 48.429372266391283 100.3972
Oct
45.323346378698012 138.50378516626594 109.6808
Nov
40.518487479489821 68.25606066679596
103.4199
Dec
39.055621227700563 51.038709409467586 103.0015

Jan
33.59926451761072
58.127192018083598 99.47641
Feb
42.561288150147085 113.22120056088691 92.86542
Mar
84.064907201929458 40.819481193203053 110.3526
Apr
81.702460316667242 111.00035681357339 88.09801
May
63.387842807598894 84.838423946346865 108.6125
Jun
103.30238673131265 70.044371450887837 100.0621
Jul
92.240195657696191 175.92894842317682 96.28090
Aug
90.37835292308138
159.99634364051283 115.0031
Sep
83.979608790354135 164.93568534979212 76.67168
Oct
84.838331584816757 70.832652482898823 75.12320
Nov
100.19995126018964 129.38269454817552 79.89914
Dec
98.318979922630646 94.507605116716448 73.89623

Jan
95.777917782544534 113.66365532563154 73.44177
Feb
57.807940859343489 115.53434636560344 104.2785
Mar
98.982120390508513 81.388812441987852 91.21552
Apr
103.22574768908007 176.18603953663541 89.07934
May
111.84265318471228 88.928881942008701 67.58844
Jun
149.25306282130256 206.38099355835223 112.1582
Jul
120.96545047111998 131.31014182097218 90.13700
Aug
134.21734797163515 148.8072392913441
108.2879
Sep
111.78421187115306 305.74121390246091 47.76900
Oct
136.78416942270374 152.32619637546392 101.1124
Nov
140.0431399467499
160.83313491267435 105.6084
Dec
138.94594350595608 145.11329405076341 147.2979

Jan

Feb
89.9897402501188
141.78139667958274 81.58906
Mar
99.162540524352295 135.28515211647664 112.9589
Apr
90.321156096739813 93.613593873839733 108.5166
May
80.077839451005389 108.70897989789981 93.84924
Jun
96.128355384041726 165.23609525014123 88.18924
Jul
76.554059954930409 158.42892813381278 80.35313
Aug
57.650698431711945 196.9729682062472
100.8843
Sep
78.267014617283976 193.74036103965531 107.1080
Oct
98.461901911403515 138.57746905771194 148.3137
Nov
76.220516329947756 103.08440360367439 127.6420
Dec
54.714103497214325 105.0040603712137
140.0600

Jan
86.428382687084351 107.5405379536442
104.8877
Feb
74.149135767662386 158.47814779754779 81.74341
Mar
79.846228120826794 145.78962341212252 74.92634
Apr
54.408430880897875 403.26401354271911 110.4177
May
95.796788844822515 128.23874792992777 118.8115
Jun
72.289859323236655 182.13108818257803 124.9671
Jul
72.098279968050122 93.773116489340069 116.6526
Aug
96.43316528376684
136.32234133340765 146.7601
Sep
73.116421345787472 122.17730782987219 98.00890
Oct
86.906808889043489 102.27052754635262 120.9378
Nov
89.331262693442596 146.1271055689281
92.75655
Dec
96.584200050595044 146.98499855194541 82.12203

Jan
61.132878175676986 114.6969208252691
134.1100
Feb
86.428489427998855 157.01405304594405 89.34914
Mar
75.860777095197889 148.10225363771823 90.21598
Apr
64.107852453392525 135.10998973407737 84.37061
May
55.046083632377155 206.47577592970592 105.2648
Jun
79.660580327011658 129.82583676824305 108.7186
Jul
84.525756752759378 191.46180007855048 109.5155
Aug
88.548908755518113 102.56860485694585 109.6686
Sep
93.272885602232179 109.09252002150245 128.7868
Oct
67.624512641850501 111.75350584541519 103.0806
Nov
85.775586781494241 133.32404176935043 150.9556
Dec
82.771916255235894 149.9851285617265
101.0581

Jan
59.149310607738713 382.30830749791545 116.5343
Feb
96.514789537882706 101.47092488271845 104.7005
Mar
74.835617571609063 149.28161873016822 99.87322
Apr
70.019104708027612 137.37490786611329 70.15602
May
57.275811617641338 144.30386217542724 99.01242
Jun
59.730932395166455 116.49858452135726 68.73132
Jul
112.84620679633723 245.54405065824142 119.6005
Aug
97.92909814341003
282.99415878167315 44.48184
Sep
88.158695117627801 259.03584872224474 109.5557
Oct
101.55047102273826 205.62787899442731 83.45543
Nov
105.89958326450424 243.17845976229049 65.82961
Dec
108.637201779441
181.81706170399474 111.0671

Jan
94.076973165596542 53.489894106587855 54.52939
Feb
98.064974146421676 87.154294881244653 77.61971
Mar
93.349036977126204 98.819897274437082 86.17675
Apr
26.782873032564382 74.221505450089751 56.40992
May
91.479274000549765 76.900730151774326 59.87150
Jun
214.59132083958127 119.16636297351641 221.1222
Jul
56.293152112985126 81.356705060068137 44.51859
Aug
48.375671788496696 77.020636678342314 57.00579
Sep
45.35734738627783
43.134875839494654 74.73180
Oct
39.818236126093126 48.752922739781773 33.86807
Nov
53.232920415012039 40.181654477346129 45.42663
Dec
48.083081932888405 86.474105024458979 57.24643

Jan
62.80402115491448
106.73168539388959 80.08749
Feb
43.298192240379187 59.367520158746821 93.47205
Mar
41.533236017998568 58.813646187973355 70.81742
Apr
45.307837718735975 79.476217651221333 107.5091
May
54.385930396879779 36.058984226862066 99.96039
Jun
48.484164327722453 53.370464607424381 102.6726
Jul
47.691659527427369 77.847523175689886 104.3707
Aug
34.840101156908901 64.693107742499663 78.02509
Sep
46.126164830076576 80.772040697957763 75.87859
Oct
62.70523392075259
55.682440844664583 91.62629
Nov
47.428242419528395 54.931343367680732 96.14107
Dec
49.007023451628633 53.559949047873836 92.03396
Source:
Central
Bank of
Nigeria
and
National
Bureau of
Statistics