MENU
D.1.1
Foreign Trade
D.1.2.1
Value of Major Imports Groups by S.I.T.C Sections
D.1.2.2
Imports by H. S. Section
D.1.3
Export Commodity Price Index
D.1.4
Import Commodity Price Index
D.1.5
Commodity Terms of Trade
D.2.1.1
Balance of Payments - Analytical Statement (1981 –
1993)
D.2.1.2
Balance of Payments - Analytical Statement (1994 –
2004)
D.2.1.3A Balance of Payments Compilation (2005 – 2017) -Naira
D.2.1.3B Balance of Payments Compilation (2005 – 2017) - Dollar
D.2.1.4A Balance of Payments BPM6 Compilation Naira
D.2.1.4B Balance of Payments BPM6 Compilation US$
D.2.2.1
International Investment Position (Naira)
D.2.2.2
International Investment Position (US Dollar)
D.3.1
External Reserves
D.3.2
External Reserves Adequacy - Months of Import Cover
D.4.1
Monthly Average Official Exchange Rate of the Naira
D.4.2
Monthly Average (AFEM/DAS) Exchange Rates of the
Naira - Central Rate
D.4.3
Average Naira Cross Exchange Rates - Selling
D.4.4
Average AFEM/DAS Naira Cross Exchange Rates - Selling
D.4.5
Naira Official Cross Exchange Rates - End Period
D.4.6
End Period Naira Cross Exchange Rates - Selling
D.4.7
Monthly Official Exchange Rate - End Period
D.4.8
Monthly Average Exchange Rate Movements at BDC &
IFEM Segments of the FOREX Market
D.4.9
Computed Rleative Purchasing Power Parity (RPPP)
Exchange Rate with Percentage Overvaluation and
Devaluation
D.4.10
Bilateral Real Exchange Rate
D.4.11
Nominal Effective Exchange Rate Indices for Nigeria
D.4.12
Nominal Effective Exchange Rate Indices for Nigeria
D.4.13
Real Effective Exchange Rate Indices for Nigeria
D.5.1
Sectoral Utilization of Foreign Exchange for Transactions
Valid for Foreign Exchange
D.5.2
Sectoral Utilization of Foreign Exchange for Transactions
Valid for Foreign Exchange – Cont’d
D.5.3
Supply of Foreign Exchange
D.6.1
Cash flow
D.7.1.1
Capital Importation by Type of Investment
D.7.1.2
Capital Importation By Location of Investment
D.7.1.3
Capital Importation By Country
D.7.2
Co-ordinated Direct Investment Survey
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Table
D.1.1:
Foreign
Trade:
Oil and
Non-Oil
(N'
Billion)
Imports (cif)
Year
Oil
Non-Oil
Total

0.1198
12.719799999999999 12.8395999999

0.22550000000000001
10.545
10.7705

0.1716
8.7321000000000009 8.90370000000

0.28239999999999998
6.8958999999999993 7.17829999999

5.1799999999999999E-2 7.0108000000000006 7.06260000000

0.91389999999999993
5.0697000000000001 5.98359999999

3.1700999999999997
14.691600000000001 17.8616999999

3.8030999999999997
17.642599999999998 21.4456999999

4.6716000000000006
26.188599999999997 30.8601999999

6.0731000000000002
39.644800000000004 45.7179

7.7721999999999998
81.715999999999994 89.4881999999

19.561499999999999
123.58969999999999 143.151200000

41.136099999999999
124.4933
165.6294

42.349599999999995
120.4392
162.788799999

155.82589999999999
599.30180000000007 755.127700000

162.17870000000002
400.4479
562.626600000

166.9025
678.81409999999994 845.716599999

175.85420000000002
661.56449999999995 837.418699999

211.6618
650.85390000000007 862.515699999

220.81769
764.2047
985.022389999

237.10682999999997
1121.0735
1358.18033000

361.71
1150.98533
1512.69533

398.92230999999998
1681.31296
2080.23527000

318.11471999999998
1668.93055
1987.04527000

797.2989399999999
2003.5573899999999 2800.85633000

710.68299999999999
2397.8363199999999 3108.51931999

768.22683999999992
3143.72579
3911.95262999

1315.5315442462663
4277.6489059074647 5593.18045015

1068.7449213806058
4411.9112015847386 5480.65612296

1757.1404001490046
6406.8341702454727 8163.97457039

3043.596724420433
7952.2669016427744 10995.8636260

3064.2559246165702
6702.3008106272446 9766.55673524

2429.3761024227433
7010.0486048142893 9439.42470723

2215.0320971703645
8323.7484791770476 10538.7805763

1725.2249234312028
9350.8434202644348 11076.0683436

2384.412461649757
7095.9544041932968 9480.36686584

2615.4543210921088
8189.391525450902
10804.8458465
Sources:
National
Bureau
of
Statistics
and
Central
Bank of
Nigeria -
Includes
CBN
estimates
for
informal
cross
border
trade
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Table
D.1.2.1:
Value of
Major
Imports
Groups
by
S.I.T.C.
Sections
(N'
Billion)
Year
Food &
Beverages
Crude
Live Animal
&
Materials
Tobacco
Inedible

1.8195999999999999
1.6500000000000001E-2 0.2189000000

1.6422999999999999
1.6399999999999998E-2 0.2072

1.7610999999999999
1.78E-2
0.2776000000

1.3497000000000001
1.66E-2
0.3001000000

1.1990000000000001
9.4000000000000004E-3 0.3504999999

0.80189999999999995 1.4500000000000001E-2 0.1939000000

1.8737999999999999
3.0699999999999998E-2 0.7995999999

1.8915999999999999
8.5699999999999998E-2 0.5915000000

2.1089000000000002
0.1363
1.0807

3.4744999999999999
0.22869999999999999
1.4172

3.0456999999999996
0.2611
1.5664

12.840200000000001
0.72960000000000003
3.9396

13.952399999999999
0.49830000000000002
1.3288

13.837
0.4884
5.0465

88.349899999999991
3.0205000000000002
31.715400000

75.391999999999996
2.2505000000000002
26.4435

100.7283
5.0338000000000003
38.084600000

102.16510000000001
3.3496999999999999
37.683900000

103.4898
4.3121
38.808699999

113.6305
6.7408000000000001
44.296599999

160.20910000000001
9.5038999999999998
62.454329999

144.29764
13.670780000000001
75.763300000

201.64829577418502
18.830149903545841
105.21155767

178.74744145487705
21.846715458274645
101.97042067

193.25908999999999
28.008560000000003
165.25051999

214.48767854585719
31.085198926162377
183.40265271

269.92453685898033
39.119533486487619
230.80522120

311.38815569605913
51.898028870813924
285.43914126

446.89565005097546
28.88074152473482
77.181110675

693.25537031537669
38.185259143925265
104.31391286

2885.4371485547731
51.183298903855416
582.79971426

1294.0351823460312
132.35593698107547
103.41911628
Sources:
National
Bureau
of
Statistics
and
Central
Bank of
Nigeria
Return to Menu
Table D.1.2.2 Imports
by H.S. Section (N'
Billion)
Section

01 - Live animals;
animal products
350.23732949291747
483.51668918945609

02 - Vegetable products 414.90044422846728
650.50088533546955

03 - Animal or
vegetable fats and oils
and their cleavage
products; prepared
edible
55.974969803405919
129.04151045378782

04 - Prepared
foodstuffs; beverages,
spirits and vinegar;
tobacco and
manufactured
890.93589730832264
578.64844919055861

05 - Mineral products
1949.912163549433
1777.2310757935136

06 - Products of the
chemical or allied
675.4277321678353
833.94583883089047

07 - Plastics and
articles thereof; rubber
and articles thereof
849.16598851885635
635.72316737560459

08 - Raws hides and
skins, leather, furskins
and articles thereof;
saddlery and
13.317877996857497
8.2138089300959649

09 - Wood and articles
of wood; wood
charcoal; cork and
articles of cork;
30.555345105055203
21.354242714058593

10 - Pulp of wood or of
other fibrous cellulosic
material; waste and
scrap of paper or
176.75867732066544
231.33167926828634

11 - Textiles and
textiles articles
129.61211132891881
151.64298480915014

12 - Footwear,
headgear, umbrellas,
sun umbrellas, walking
sticks, seat sticks,
whips
35.521142308691523
37.212565877789835

13 - Articles of stone,
plaster,cement,asbestos,
mica or similar
materials; ceramic
142.743347366199
160.10180358779886

14 - Natural or cultured
pearls, precious or
semi-precious stones,
precious metals,
1.6506383312732658
1.3809393125256479

15 - Base metals and
articles of base metal
746.3011924296294
968.27672368421815

16 - Machinery and
mechanical appliances;
electrical equipment;
parts thereof; sound
1788.4900051251032
2441.6272964901113

17 - Vehicles, aircraft,
vessels and associated
transport equipment
1030.0314137258638
1252.6534957040351

18 - Optical,
photographic,
cinematographic,
measuring, checking,
precision, medical
80.082509038555202
98.312536722567017

19 - Arms and
ammunition; parts and
accessories thereof
0.23685178606927146 8.28978342847487E-2

20 - Miscellaneous
manufactured articles
76.884506947798741
78.018668197631769

21 - Works of art,
collectors pieces and
antiques
0.68456335711377547 9.7249469660711296E-2

9439.4247072370308
10538.914508771493
Source: National
Bureau of Statistics
Notes: 1Provisional
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Table
D.1.3:
Export
Commodity
Price Index
(Base
Period:
January
2007)
Live animals; animal
products
Vegetable products
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
Table
D.1.3:
Export
Commodity
Price Index
(Base
Period:
January
2007)
Live animals; animal
products
Vegetable products
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

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
Table
D.1.3:
Export
Commodity
Price Index
(Base
Period:
January
2007)
Live animals; animal
products
Vegetable products
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

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
Table
D.1.3:
Export
Commodity
Price Index
(Base
Period:
January
2007)
Live animals; animal
products
Vegetable products
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

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

Jan
120.68217961123273 241.51559889467384 101.0528
Feb
118.27869590060624 179.87112643693155 101.2884
Mar
113.64995351835904 212.89940197098679 109.1639
Apr
116.32280610618045 225.7464433368867
131.3547
May
125.85771205733415 219.70059178103162 145.7263
Jun
107.63543359401099 174.94915252581904 114.5675
Jul
107.16244628026031 220.97905237614268 120.8353
Aug
96.847646084376009 254.47923293843604 129.0126
Sep
131.01365574551861 292.65684338765345 183.2903
Oct
94.534811067340016 127.58033529656144 137.6309
Nov
118.27869590060624 179.87112643693155 101.2884
Dec
93.768309370385467 117.21700426510201 95.51438

Jan
106.54
135.06
140.4199
Feb
80.2
114.34
135.3600
Mar
75.17
116.23
124.17
Apr
155.72798031320846 120.07906556095229 202.1778
May
93.178075656154675 99.81547273076886
123.3001
Jun
179.63252030043799 212.3038882363079
151.1376
Jul
109.30054664422858 210.05938471921971 123.8120
Aug
159.51918177455119 199.70583066140372 147.7050
Sep
167.19335743687228 189.1264755190706
143.0592
Oct
204.66664332134982 310.50572745638431 171.8959
Nov
196.1036509286954
308.77638147385477 159.3760
Dec
162.60421951462919 306.45482060202465 163.3853
Table
D.1.3:
Export
Commodity
Price Index
(Base
Period:
January
2007)
Live animals; animal
products
Vegetable products
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

Jan
404.56334418537449 391.63411260936334 168.2347
Feb
362.57400524658158 395.33015813199256 181.2923
Mar
350.19107940779543 346.9692994866565
193.3351
Apr
485.2115314590996
506.27964322324965 186.1218
May
355.72296628641385 574.89944575745574 185.9336
Jun
432.44875095513811 574.76682406423038 187.4659
Jul
514.77412515292963 573.83621131680627 180.9234
Aug
536.86614387917018 605.14830117586223 191.8044
Sep
577.9252626914415
656.26157342052977 196.6126
Oct
647.29863559322314 807.93527793322369 192.8210
Nov
662.77984706500956 849.90268922621738 194.0083
Dec
577.95813886433098 812.14190327576534 194.0083

Jan
647.29894729027581 1470.0991586711511 194.0083
Feb
662.77984706500956 1426.5659051483324 194.0083
Mar
577.95813886433098 1324.9781445570522 194.0083
Apr
704.40293768224558 1560.3577025552161 213.5807
May
852.64742606406082 1790.7132544681992 268.7747
Jun
1031.3038916784335 2548.1489191339997 311.4679
Jul
683.11767141790278 1154.2765386023557 375.4259
Aug
1190.295715015254
1715.2040620494377 376.2421
Sep
1186.3149226290766 1712.6025604353292 401.1267
Oct
954.21840379704224 1047.9982888633424 355.7664
Nov
1035.98689026391
1043.2364514682204 323.2363
Dec
965.02190663845226 1035.0703790394921 354.2688

Jan
735.30400956502717 1083.5522312178725 403.0416
Feb
500.36130239278788 1003.3679448550245 400.1276
Mar
595.43427472167934 993.19333091018245 396.8117
Apr
513.61173983942206 992.23228966786758 391.1252
May
529.867071794033
1017.4402506074689 401.7077
Jun
528.59398487670376 1008.6829077096189 388.8643
Jul
510.73493355411171 1006.3341095527574 372.2343
Aug
470.22896243184874 977.58234552998829 406.4518
Sep
551.29047400752631 970.62188480383384 394.0976
Source:
Central
Bank of
Nigeria
and
National
Bureau of
Statistics
Return to
Menu
Table
D.1.4:
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
Table
D.1.4:
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
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
Table
D.1.4:
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
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

Jan
120.57942168241239 164.540211619649
170.4023
Feb
149.23449288545584 144.37576804184752 178.6701
Mar
135.94076410928346 152.62312233420363 198.8420
Apr
136.11030292734188 95.844934165825777 197.0832
May
155.30342824372414 150.45592523886467 172.5387
Jun
137.98534547919436 154.6589074210689
140.5690
Jul
144.17539764512034 157.44641918436338 157.4056
Aug
155.40855492336499 216.58600297571064 145.9021
Sep
136.28743075441955 182.32941921963965 134.5233
Oct
199.32176746321022 232.25416943220853 168.1905
Nov
149.23449288545584 144.37576804184752 178.6701
Dec
225.76692393954241 199.30239300326085 199.3992
Table
D.1.4:
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
169.9
242.55
156.46
Feb
163.65
213.48
187.4
Mar
215.75
179.66
177.27
Apr
126.50608804908559 166.94422161318241 139.5970
May
118.98434380574318 201.25601386324846 146.3430
Jun
137.45193960259928 269.91550760475184 154.9468
Jul
126.17198135822211 151.64674530067464 150.3440
Aug
128.76418065809037 183.07827509012523 150.5079
Sep
133.76728729338976 221.19634675270231 150.3978
Oct
155.87652636030379 193.75154807010537 148.6670
Nov
152.77644566440532 203.16350871668399 182.5070
Dec
191.06148615977978 245.27409473361433 198.0952

Jan
300.62860874391981 285.21430862148799 109.5454
Feb
301.93182480574467 256.95942203412676 113.8903
Mar
251.65244783187543 211.86831527320365 119.1565
Apr
222.61075618685794 261.662838739439
123.6513
May
279.94275593333936 272.33001645751904 118.8359
Jun
250.74216228345443 267.66840427699293 122.1726
Jul
225.05072080576639 256.00428752421755 155.3444
Aug
244.72713949795786 238.97595727581495 164.4746
Sep
243.02545029803076 255.22837726913463 171.5648
Oct
195.77866209425764 254.98017906455274 157.4320
Nov
229.30417411554112 247.23337901476552 165.1099
Dec
254.13950808119031 274.55857132947244 172.0465

Jan
196.42674270876364 315.06613600750813 150.7657
Feb
231.88548546627146 308.91170652504019 158.7548
Mar
255.60984744485972 327.00006158694578 168.7050
Apr
455.44492233285979 408.42361485487191 169.2852
May
463.19709436068797 429.29058393814847 166.4631
Jun
519.48094924780537 545.5158075578031
168.8632
Jul
432.63694086550089 335.10573386891679 174.9043
Aug
525.68358901575664 376.67289702195916 181.9690
Sep
529.64633875148286 407.23261277669275 176.8002
Oct
373.06063296088161 364.02891406132204 176.4149
Nov
422.93220537898617 307.92025832209259 181.3106
Dec
465.11352295578064 515.14993047021289 176.3103

Jan
509.83698381906584 530.99511715414758 350.0467
Feb
481.57043757849488 544.02248051175638 268.8047
Mar
520.05267806348729 560.22284138492046 395.2358
Apr
415.07636343282604 531.05768842063651 341.9450
May
419.686548536727
422.33826931670581 328.0523
Jun
425.36799504350978 518.99120654109242 347.6092
Jul
408.31593284124182 531.18512274606724 456.8786
Aug
408.12903204050451 437.3091011390369
580.9801
Sep
402.87209265950963 478.62693563216379 516.8128
Source:
Central
Bank of
Nigeria
and
National
Bureau of
Statistics
Return to
Menu
Table
D.1.5:
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
Table
D.1.5:
Commodity
Terms of
Trade
(Base
Period:
January
2007)
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

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
Table
D.1.5:
Commodity
Terms of
Trade
(Base
Period:
January
2007)
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

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

Jan
100.08522012080219 146.78211272327829 89.34251
Feb
79.256942288396047 124.58539883562429 87.70171
Mar
83.602556056691924 139.49354377955544 92.49456
Apr
85.462160912444403 235.53299431174136 115.0013
May
81.039880111223567 146.02322336739729 77.90610
Jun
78.004974528429486 113.11935112117962 87.13210
Jul
74.32783126011185
140.3519073478484
85.05319
Aug
62.318091904357189 117.49569660185981 107.4304
Sep
96.13040250321842
160.50994109464582 122.1663
Oct
47.428242419528395 54.931343367680732 96.14107
Nov
79.256942288396047 124.58539883562429 87.70171
Dec
41.533236017998568 58.813646187973355 70.81742

Jan
62.71
55.68
91.63
Feb
49.01
53.56
92.03
Mar
34.840000000000003 64.69
78.03
Apr
103.70110687004575 67.139482906967601 127.9225
May
52.972768642957583 41.002489781947617 76.78079
Jun
110.29934995220898 106.02405805390079 107.7594
Jul
65.48181391633581
133.57049177262999 86.73175
Aug
69.267659810214326 147.90473110403423 86.46581
Sep
110.49541950090054 162.8096359302362
98.49034
Oct
131.30049026642357 160.25974014103548 146.2665
Nov
128.35987254178193 151.98417443383016 132.9935
Dec
85.105702244275179 124.94381884677104 129.1314
Table
D.1.5:
Commodity
Terms of
Trade
(Base
Period:
January
2007)
Year
Month Live animals, animal
products
Vegetable products
Prepared
beverage
vinegar,

Jan
134.57246995743773 137.31222479763684 132.9641
Feb
120.08472623906161 153.84925565387081 138.7491
Mar
139.15663544101582 163.76648817886738 141.3873
Apr
217.96410010476598 193.48549670341129 116.5660
May
127.06989509352387 211.10395880548657 115.3998
Jun
172.467504873102
214.73091888329145 111.4456
Jul
228.73693686020835 224.15101593270089 105.0764
Aug
219.37335801027905 253.22559979430409 111.9661
Sep
237.80442006494019 257.12719739173497 115.3828
Oct
330.62777560589376 316.86199331151954 100.9156
Nov
289.03959102421311 343.76534940917452 102.8762
Dec
227.41766647304985 295.79914381954904 104.3177

Jan
329.53707746913443 466.60018029869076 104.5005
Feb
285.82204950529911 461.803769496413
105.6209
Mar
226.10949642267144 405.19201682313894 110.5839
Apr
154.66259544056044 382.04394795087183 85.21510
May
184.07875102085828 417.13313113948993 100.8186
Jun
198.52583490727315 467.10817245456201 101.1480
Jul
157.89628829459386 344.45144381023147 123.6321
Aug
226.42816703558469 455.35637833519127 113.2403
Sep
223.98246449235089 420.54651486727562 121.7956
Oct
255.78104991236094 287.8887495971826
108.3416
Nov
244.95341737704047 338.80084965925425 106.4979
Dec
207.48093938567317 200.92604459729074 112.0658

Jan
144.22335626910433 204.06067705954402 105.3842
Feb
103.90199716344301 184.43501524259926 121.9644
Mar
114.49499249554668 177.28540458202679 112.7970
Apr
123.73909600432897 186.8407729146644
107.5534
May
126.25305091179591 240.90647817768652 116.4079
Jun
124.26745571740423 194.35452759058529 107.5356
Jul
125.08327314101936 189.45073317383455 106.4958
Aug
115.21575911443153 223.54493491759695 110.1547
Sep
136.8400750640858
202.79299231704334 109.4937
Source:
Central
Bank of
Nigeria
and
National
Bureau of
Statistics
Return to
Menu
Table D.2.1.1:
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
Return to
Menu
Table
D.2.1.2:
Balance of
Payments -
Analytical
Statement (N'
Billion)
Category

(A)
CURRENT
ACCOUNT
-52.304299999999969
-186.08479999999997 376.024000
Goods
61.335900000000024
247.17770000000007 678.557200
Export
(F.O.B)
206.0592
825.66960000000006 1128.24660
Oil
200.71020000000001
805.56680000000006 1108.18710
Non-oil
5.3490000000000002
20.102799999999998 20.0595
Imports
-144.72329999999999
-578.49189999999999 -449.68940
Oil
-42.349599999999995
-135.37090000000001 -139.4872
Non-oil
-102.3737
-443.12099999999998 -310.2022
Services (net) -58.225199999999994
-282.27590000000004 -285.959
Services
(credit)
-36.030500000000004
-119.8158
-188.13420
Services
(debit)
-22.194700000000001
-162.46010000000001 -97.824799
Income (net)
-66.367399999999989
-202.5351
-211.09220
Investment
income
(credit)
1.0680000000000001
7.0888
8.02519999
Interest on
reserves and
investments
1.0680000000000001
7.0888
8.02519999
Others

Investment
income
(debit)
-67.435399999999987
-209.62389999999999 -219.11740
Interest due
on loans
-36.352800000000002
-106.2709
-107.4983
Others
-31.082599999999999
-103.35299999999999 -111.6191
Current
Transfers
(net)
10.952399999999999
51.548499999999997 194.518
General
Government

-4.8751999
Other sectors 0

199.393200
(B) CAPITAL
AND
FINANCIAL
ACCOUNT
11.252800000000002
-3.2540000000000071 -423.46269
Capital
Account (net)
30.698799999999999
34.627400000000002 0
Capital
Transfers
(net)
30.698799999999999
34.627400000000002 0
Acquisation/
Disposal of
non-financial
assets

Financial
Account (net)
-19.445999999999998
-37.881400000000006 -423.46269
Direct
Investment
22.229200000000002
75.940600000000003 111.290899
Portfolio
Investment
-0.20349999999999999 -5.7850000000000001 -12.055200
Other
Investment
-41.471699999999998
-108.03700000000002 -522.69839
Official (of
which)
-41.471699999999998
-108.03700000000002 -212.2587
Amortisation
(due)
-51.355699999999999
-188.20670000000001 -260.66820
Disbursement 9.8840000000000003
80.169699999999992 48.4095000
Private (Net)

-310.43970
(C) NET
ERROR AND
OMISSIONS
-1.5717999999999999
-5.8775000000000004 -5.7133000
OVERALL
BALANCE
=Total (A &
B & C)
-42.623299999999965
-195.21629999999996 -53.151999

(D)
FINANCING
42.623299999999993
195.21630000000002 53.1520000
a.
Exceptional
Financing
49.818199999999997
179.8912
237.102499
Promissory
notes
(arrears)

Deferred debt
service
49.818199999999997
179.8912
237.102499
Others

b. Change in
Reserves*
-7.1948999999999996
15.325100000000001 -183.95050
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$'
billion)
1.6588000000000001
1.4410000000000001 4.0747
Number of
Months of
Import
Equivalent

2.1
7.6
External Debt
Stock ( US$'
billion)
29.42886
32.584800000000001 28.06
Debt Service
Due as % of
Exports of
Goods and
Non Factor
Services

33.9
31.3
Average
Exchange
Rate (N/$)
21.886099999999999
70.363200000000006 69.8448000
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
Return to Menu
Table D.2.1.3A:
Balance of
Payments (N'
Billion)
Category

CURRENT
ACCOUNT
4891.7444499999992
4698.0470769410595

Goods
3832.9957899999999
4495.9280454720001

Credit
7246.5347999999994
7324.680627576

Debit
-3413.53901
-2828.7525821039999
-
Exports fob
7246.5347999999994
7324.680627576

Crude oil & gas
7140.5789199999999
7191.0856408320005

Crude oil
6743.6405599999998
6538.465485396001

Gas
396.93835999999999
652.620155436

Non-oil
105.95588000000001
133.59498674399998

Electricity

Other Non-oil

Imports fob
-3413.53901
-2828.7525821039999
-
Crude oil & gas
-724.81681999999989
-646.72153358399999
-
Non-oil
-1821.4161899999999
-1835.8000522560001
-
Trading Partner
Adjustment
-867.30600000000004
-346.230996264
-
Services(net)
-634.17220999999984
-1495.5836488809409
-
Credit
235.32062000000002
295.722930942

Debit
-869.4928299999998
-1791.3065798229406
-
Transportation(net) -192.16610999999997
-189.30674332800007
-
Credit
175.58084000000002
235.02042512999998

Debit
-367.74695000000003
-424.32716845800007
-
Of which:
Passenger
-23.122909999999997
-29.864163941999994
-
Credit
11.115969999999999
3.2362088759999996

Debit
-34.238879999999995
-33.100372817999997
-
Of which: Freight
-319.58386999999999
-340.06077768600005
-
Credit
9.4851700000000001
47.900481732000003

Debit
-329.06903999999997
-387.961259418
-
Of which: Other
150.54067000000001
180.61819829999999

Credit
154.97970000000001
183.883734522

Debit
-4.4390299999999998
-3.2655362219999997
-
Travel
-24.302959999999999
-398.15442480599995
-
Credit
7.1526499999999995
23.696495568

Debit
-31.45561
-421.850920374
-
Business travel
-11.62453
-31.039807986
-
Credit

Debit
-11.62453
-31.039807986
-
Personal travel
-0.27464999999999995
-367.11461681999998
-
Credit

23.696495568

Debit
-0.27464999999999995
-390.81111238800003
-
Education related
expenditure
-11.084430000000001
-136.82992051799999
-
Credit

Debit
-11.084430000000001
-136.82992051799999
-
Health related
expenditure

-127.92843345599999
-
Credit

Debit

-127.92843345599999
-
Other Personal
Travels
-1.3193500000000005
-102.35626284599999
-
Credit
7.1526499999999995
23.696495568

Debit
-8.4719999999999995
-126.05275841400001
-
Insurance services
-0.46650999999999998
-35.251469891999996
-
Credit
7.4900000000000008E-2 8.6706935999999998E-2 0
Debit
-0.54140999999999995
-35.338176827999995
-
Communication
services
-18.22118
-20.800514508047993
-
Credit
2.6539600000000001
3.0296423520000002

Debit
-20.875139999999998
-23.830156860047992
-
Construction
services
-5.9739700000000004
-6.8196239462735999
-
Credit

Debit
-5.9739700000000004
-6.8196239462735999
-
Financial services
-1.9271299999999998
-2.4035672699999999

Credit
1.4369700000000001
1.5492489300000001

Debit
-3.3641000000000001
-3.9528161999999996
-
Computer &
information
services
-19.778790000000001
-22.578611604436801
-
Credit

Debit
-19.778790000000001
-22.578611604436801
-
Royalties and
license fees
-8.8609799999999996
-10.842192306000001
-
Credit

Debit
-8.8609799999999996
-10.842192306000001
-
Other business
services
-378.18155000000002
-607.80414544200005
-
Credit
1.18598
1.2113469000000001

Debit
-379.36752999999999
-609.01549234200002
-
Operational leasing
services
-3.7780399999999998
-124.633569888
-
Credit

Debit
-3.7780399999999998
-124.633569888
-
Misc. business,
professional, and
technical services
-374.40350999999998
-483.17057555399998
-
Credit
1.18598
1.2113469000000001

Debit
-375.58949000000001
-484.38192245400001
-
Personal, cultural
& recreational
services
-3.857E-2
-4.4030802182399992E-2 -
Credit

Debit
-3.857E-2
-4.4030802182399992E-2 -
Government
Services n.i.e
15.74554
-201.578324976
-
Credit
47.235320000000002
31.129065125999997

Debit
-31.48978
-232.70739010200001
-
Income(net)
-296.21128000000004
-591.99925615200004
-
Credit
116.90101999999999
241.24037268600003

Debit
-413.1123
-833.23962883800004
-
Compensation of
employees
13.31709
16.152992135999998

Credit
20.364609999999999
24.701275944000002

Debit
-7.0475200000000005
-8.5482838080000008
-
Investment income -309.52837
-608.15224828800001
-
Credit
96.536409999999989
216.539096742

Debit
-406.06477999999998
-824.69134503000009
-
Direct investment
-341.71724999999998
-740.20818691800002
-
Credit
5.9130000000000002E-2 1.8820505520000002

Debit
-341.77638000000002
-742.09023747000003
-
Income on equity
-335.86293000000001
-733.56363039600001
-
Credit

1.7685664740000002

Debit
-335.86293000000001
-735.33219686999996
-
Dividends and
distributed branch
profits
-104.34873999999999
-498.41824526999994
-
Credit
0.65704999999999991
1.0200815999999999

Debit
-105.00578999999999
-499.43832686999997
-
Reinvested
earnings and
undistributed
branch profit
-230.74281999999999
-235.14538512600001
-
Credit
0.11433
0.74848487399999997

Debit
-230.85714999999999
-235.89386999999999
-
Income on Direct
Investment Loans
(interest)
-5.8543199999999995
-6.6445565220000002
-
Credit
5.9130000000000002E-2 0.113484078

Debit
-5.9134500000000001
-6.7580406000000002
-
Portfolio
investment
-33.903779999999998
-54.956896199999996
-
Credit
6.1762700000000006
6.8855507999999999

Debit
-40.08005
-61.842447
-
Other investment
66.092660000000009
187.01283483

Income on debt
(interest)
66.092660000000009
187.01283483

Credit
90.301009999999991
207.77149538999998

Debit
-24.208349999999999
-20.758660559999999
-
Current
transfers(net)
1989.1321499999999
2289.7019365019996

Credit
2006.3797099999999
2312.4841839359992

Debit
-17.24756
-22.782247434000002
-
General
government
7.7965600000000004
125.49298863599999

Credit
15.769200000000001
131.623679052

Debit
-7.9726400000000002
-6.1306904159999993
-
Other sectors
81.715999999999994
2164.2089478659996

Credit
89.107810000000001
2180.860504884

Debit
-7.3918100000000004
-16.651557017999998
-
Workers'
remittances
1899.6195899999998
2149.1295916140002

Credit
1901.5027
2153.6472779999999

Debit
-1.8831099999999998
-4.5176863860000003
-
Other Transfers

15.079356251999998

Credit

27.213226883999997

Debit

-12.133870632000001
-
CAPITAL AND
FINANCIAL
ACCOUNT
-2496.88015
-2491.5465777278637
-
Capital
account(net)
962.97248000000002
1357.9836299999999

Credit
962.97248000000002
1357.9836299999999

Debit

Capital transfers
962.97248000000002
1357.9836299999999

Credit
962.97248000000002
1357.9836299999999

General
Government
962.97248000000002
1357.9836299999999

Debt Forgiveness
962.97248000000002
1357.9836299999999

Other Sector

Debit

Acquisition/
disposal of
nonproduced,
nonfin assets

Credit

Debit

Financial
account(net)
-3459.8526299999999
-3849.5302077278634
-
Assets
-1843.86707
-2820.7603957802403
-
Direct investment
(Abroad)
-1.9212100000000001
-41.119489295999998
-
Equity capital
-1.9212100000000001
-40.371004421999999
-
Claims on direct
investment
enterprises
-1.9212100000000001
-40.371004421999999
-
Liabilities to direct
investors

Reinvested
earnings

-0.74848487399999997
-
Other capital

Claims on direct
investment
enterprises

Liabilities to direct
investors

Portfolio
investment
-180.09031999999999
-194.58581862023999
-
Equity securities
-162.80332999999999
-175.52431882223999
-
Debt securities
-17.286990000000003
-19.061499798
-
Long-term

Short-term
-17.286990000000003
-19.061499798
-
Other investment
-173.76344
-797.49724467599992
-
Trade credits
-180.61646999999999
-598.89118246200007
-
Loans -DMBs
-14.583879999999999
-16.080311322
-
Currency and
deposits
21.436910000000001
-182.52575089200002
-
Monetary
authorities

General
government

15.275721959999998
-
Banks
8.8215499999999984
-180.97012645199999
-
Other sectors
12.615360000000001
-16.831346399999997
-
Other Assets

Reserve assets*
-1488.0921000000001
-1787.5578431880001
-
Monetary Gold

SDRs

Reserve Positions
in the Fund

Foreign exchange
-1488.0921000000001
-1787.5578431880001
-
Other Claims

Liabilities
-1615.9855600000001
-1028.7698119476229

Direct Invesment in
reporting economy
654.19315000000006
624.52073266199989

Equity capital
423.33600000000001
388.62686266200001

Claims on direct
investors

Liabilities to direct
investors
423.33600000000001
388.62686266200001

Reinvested
earnings
230.85714999999999
235.89386999999999

Other capital

Claims on direct
investors

Liabilities to direct
investors

Portfolio
Investment
116.03502999999999
360.29154601800002

Equity securities
98.557500000000005
227.605707

Debt securities
17.477529999999998
132.68583901800002

Long-term
17.477529999999998
129.00206933999999

Short-term

3.683769678

Other investment
liabilities
-2386.2137400000001
-2013.5820906276228

Trade credits

Short-term

Long-term

Loans
-2391.00495
-2026.9997926943624

General
government
-1999.9287899999999
-2094.9925859999998
-
Long-term
-1999.9287899999999
-2094.9925859999998
-
Drawings
34.692239999999998
63.882610199999995

Repayments
-2034.62103
-2158.8751962000001
-
short-term

Monetary
authorities

Banks
11.43267
12.653366505637578

Other sectors
-402.50882999999999
55.339426799999998

Long-term
-402.50882999999999
55.339426799999998

Short-term

Currency &
Deposits
4.7912100000000004
13.417702066739665

Monetary
Authority

Banks
4.7912100000000004
13.417702066739665

Other Liabilities -
monetary authority
SDR allocation

NET ERRORS AND
OMISSIONS
-2394.8642999999993
-2206.5004992131962
-
Memorandum
Items:

Current Account
Balance as % of
G.D.P
32.842622896018376
25.306455505049996

Capital and
Financial Account
Balance as % of
G.D.P
-16.763772921365604
-13.420940994291531
-
Overall Balance as
% of G.D.P
9.9908831877538695
9.6288420018971621

External Reserves -
Stock (US$ billion)
28.279060000000001
42.298000000000002

Number of Months
of Imports
Equivalent
13.063807131514364
22.879737763088855

External Debt
Stock (US$ billion)
20.476199999999999
3.5444900000000001

Debt Service Due
as % of Exports of
Goods and Non
Factor Services
Effective Central
Exchange Rate (N/
$)
131.41
127.5102

Average Exchange
Rate (N/$)
132.15
128.65

End-Period
Exchange Rate (N/
$)
130.29
128.27000000000001

Source: Central
Bank of Nigeria
Notes: 1Revised
2Provisional
*Negative sign
indicates accretion
to reserves while
positive sign
indicates depletion
of reserves
Return to Menu
Table D.2.1.3B:
Balance of
Payments (US$'
Million)
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
-8068.1373878138593

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$' billion)
28.279060000000001
42.298000000000002
51.3
Number of Months
of Imports
Equivalent
13.063807131514364
22.879737763088855
21.5
External Debt
Stock (US$' billion)
20.476199999999999
3.5444900000000001
3.62
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
Return to Menu
Table D.2.1.4A
Balance of Payments
BPM6 Compilation
(Naira Billion)

Credits
Debits
C
Current Account
14165.865915063914
17199.350751313887

1. Current account
balance (+ Surplus;
- Deficit)

1.A Goods and
services
9637.224270240542
14136.701598773561

Balance on goods
and services (+
Surplus; - Deficit)

4499.4773285330211

1.A.a Goods
9016.3211351267328
10283.073616492513

Balance on trade in
goods (+ Surplus; -
Deficit)

1266.7524813657808

1.A.a.1 General
merchandise on a
BOP basis
9016.3211351267328
10283.073616492513

Of which: 1.A.a.1.1
Re-exports

n.a

1.A.a.2 Net exports
of goods under
merchanting

n.a

1.A.a.2.1 Goods
acquired under
merchanting

n.a

1.A.a.2.2 Goods sold
under merchanting

n.a

1.A.a.3
Nonmonetary gold

1.A.b Services
620.90313511380998
3853.6279822810507

Balance on trade in
services (+ Surplus;
- Deficit)

3232.724847167241

1.A.b.1
Manufacturing
services on physical
inputs owned by
others

1.A.b.1.1 Goods for
processing in
reporting economy—
Goods returned ,
received

1.A.b.1.2 Goods for
processing abroad—
Goods sent, Goods
returned

1.A.b.2 Maintenance
and repair services
n.i.e.

5.4328517249999999

1.A.b.3 Transport
355.25521130995759
1519.8335705110701

1.A.b.3.1 Sea
transport
340.27154379295763
826.22029128012105

1.A.b.3.1.1
Passenger
0.55556557875000012 0.84685681499999999

Of which:
1.A.b.3.1.1.1
Payable by border,
seasonal and other
short-term workers

1.A.b.3.1.2 Freight
84.130508894249999
816.49813926012109

1.A.b.3.1.3 Other
255.58546931995764
8.8752952050000005

1.A.b.3.2 Air
transport
14.983667517000001
675.99629964094891

1.A.b.3.2.1
Passenger
10.55574599625
668.27583501524998

Of which:
1.A.b.3.2.1.1
Payable by border,
seasonal and other
short-term workers

1.A.b.3.2.2 Freight
4.4279215207500009
0.41458651499999999

1.A.b.3.2.3 Other

7.3058781106988517

1.A.b.3.3 Other
modes of transport

14.960482110000001

1.A.b.3.3.1
Passenger

1.2142865700000003

Of which:
1.A.b.3.3.1.1
Payable by border,
seasonal, and other
short-term workers

1.A.b.3.3.2 Freight

1.9157433749999999

1.A.b.3.3.3 Other

11.830452165000001

1.A.b.3.4 Postal and
courier services ( For
all modes of
transport)

2.6564974800000001

1.A.b.3.0.1
Passenger

Of which:
1.A.b.3.0.1.1
Payable by border,
seasonal, and other
short-term workers

1.A.b.3.0.2 Freight

1.A.b.3.0.3 Other

2.6564974800000001

1.A.b.4 Travel
79.364041134000004
1101.3463408430061

1.A.b.4.1 Business

257.52015817981834

1.A.b.4.1.1
Acquisition of goods
and services by
border, seasonal,
and short term
workers

1.A.b.4.1.2 Other

257.52015817981834

1.A.b.4.2 Personal
79.364041134000004
843.82618266318764

1.A.b.4.2.1 Healthrelated

146.648436099375

1.A.b.4.2.2
Education-related

441.60162809109374

1.A.b.4.2.3 Other
79.364041134000004
255.57611847271878

For both business
and personal travel

1.A.b.4.0.1 Goods

1.A.b.4.0.2 Local
transport services

1.A.b.4.0.3
Accommodation
services

1.A.b.4.0.4 Foodserving services

1.A.b.4.0.5 Other
services

Of which:
1.A.b.4.0.5.1 Health
services

1.A.b.4.0.5.2
Education services

1.A.b.5 Construction 0
10.119054750000002

1.A.b.5.1
Construction abroad

1.A.b.5.2
Construction in the
reporting economy

10.119054750000002

1.A.b.6 Insurance
and pension services
8.4705330149999991
65.309199231708092

1.A.b.6.1 Direct
insurance
8.4705330149999991
64.514195204058097

1.A.b.6.2
Reinsurance

0.62052401564999993

1.A.b.6.3 Auxiliary
insurance services

0.17448001200000002

1.A.b.6.4 Pension
and standardized
guarantee services

1.A.b.7 Financial
services
49.821059944991404
219.88607728499997

1.A.b.7.1 Explicitly
charged and other
financial services
49.821059944991404
219.88607728499997

1.A.b.7.2 Financial
intermediation
services indirectly
measured (FISIM)

1.A.b.8 Charges for
the use of
intellectual property
n.i.e.

49.679646659999989

1.A.b.9
Telecommunications,
computer, and
information services
15.165614016000003
204.82322570850002

1.A.b.9.1
Telecommunications
services
15.165614016000003
138.32963978400002

1.A.b.9.2 Computer
services

63.892497637500007

1.A.b.9.3
Information services

2.6010882870000005

Table D.2.1.4A
Balance of Payments
BPM6 Compilation
(Naira Billion)

Credits
Debits
C
1.A.b.10 Other
business services
17.198449590944996
384.96294040233215

1.A.b.10.1 Research
and development
services

9.3003610000000014E-2 0
1.A.b.10.2
Professional and
management
consulting services

181.88288687665161

1.A.b.10.3
Technical, traderelated, and other
business services
17.198449590944996
202.98704991568056

1.A.b.11 Personal,
cultural, and
recreational services

31.584418929000002

1.A.b.11.1
Audiovisual and
related services

1.A.b.11.2 Other
personal, cultural,
and recreational
services

31.584418929000002

1.A.b.12
Government goods
and services n.i.e.
95.62822610291569
260.65065623543489

1.A.b.0.1 Tourismrelated services in
travel and passenger
transport

1.B Primary income
182.88390134587118
2679.7855002836718

Balance on primary
income (+ Surplus; -
Deficit)

2496.9015989378013

1.B.1 Compensation
of employees
42.807909364084338
2.5781288394750002

1.B.2 Investment
income
140.07599198178684
2677.2073714441967

1.B.2.1 Direct
investment
59.056742242502246
2448.7479168154996

1.B.2.1.1 Income on
equity and
investment fund
shares
58.475142202502248
2438.9906290795698

1.B.2.1.1.1
Dividends and
withdrawals from
income of quasicorporation
53.052893538527016
2018.8987588360696

1.B.2.1.1.1.1 Direct
investor in direct
investment
enterprises
53.052893538527016
2018.8987588360696

1.B.2.1.1.1.2 Direct
investment
enterprises in direct
investor (reverse
investment)

1.B.2.1.1.1.3
Between fellow
enterprises

1.B.2.1.1.1.3.1 if
ultimate controlling
parent is resident

1.B.2.1.1.1.3.2 if
ultimate controlling
parent is nonresident

1.B.2.1.1.1.3.3 if
ultimate controlling
parent is unknown

1.B.2.1.1.2
Reinvested earnings
5.4222486639752239
420.09187024350007

Investment income
attributable to
policyholders in
insurance, pension

schemes, and
standardized
guarantees, and to
investment fund
shareholders

Of which:
Investment income
attributable to
investment fund
shareholders

1.B.2.1.2 Interest
0.58160003999999998 9.7572877359299994

1.B.2.1.2.1 Direct
investor in direct
investment
enterprises
0.58160003999999998 9.7572877359299994

1.B.2.1.2.2 Direct
investment
enterprises in direct
investor (reverse
investment)

1.B.2.1.2.3 Between
fellow enterprises

1.B.2.1.2.3.1 if
ultimate controlling
parent is resident

1.B.2.1.2.3.2 if
ultimate controlling
parent is nonresident

1.B.2.1.2.3.3 if
ultimate controlling
parent is unknown

1.B.2.1.2M
Memorandum:
Interest before FISIM

1.B.2.2 Portfolio
investment
4.5450422628584262
109.01212269777528

1.B.2.2.1 Investment
income on equity
and investment fund
shares

23.964554567099999

1.B.2.2.1.1
Dividends on equity
excluding
investment fund
shares

23.964554567099999

1.B.2.2.1.2
Investment income
attributable to
investment fund
shareholders

1.B.2.2.1.2.1
Dividends

1.B.2.2.1.2.2
Reinvested earnings

1.B.2.2.2 Interest
4.5450422628584262
85.047568130675288

1.B.2.2.2.1 Shortterm
4.5450422628584262
62.755037288999993

1.B.2.2.2.2 Longterm

22.292530841675287

1.B.2.3 Other
investment
44.414409437458644
119.44733193092215

1.B.2.3.1
Withdrawals from
income of quasicorporations

1.B.2.3.2 Interest
44.414409437458644
119.44733193092215

1.B.2.3.2M
Memorandum:
Interest before FISIM

1.B.2.3.3 Investment
income attributable
to policyholders in
insurance, pension
schemes, and
standardized
guarantee schemes

1.B.2.4 Reserve
assets
32.05979803896755

1.B.2.4.1 Income on
equity and
investment fund
shares

1.B.2.4.2 Interest
32.05979803896755

1.B.2.4.2M
Memorandum:
Interest before FISIM

1.B.3 Other primary
income

1.B.3.1 Taxes on
production and on
imports

1.B.3.2 Subsidies

1.B.3.3 Rent

Balance on goods,
services, and
primary income
9820.1081715864129
16816.487099057234

Table D.2.1.4A
Balance of Payments
BPM6 Compilation
(Naira Billion)

Credits
Debits
C
1.C Secondary
income
4345.7577434775003
382.86365225665224

Balance on
secondary income
(+ Surplus; -
Deficit)
3962.8940912208477

1.C.1 General
government
328.62593084474997
29.601477170999999

1.C.1.1 Current taxes
on income, wealth,
etc.

n.a

Of which:1.C.1.1.1
payable by border,
seasonal, and other
short-term workers

n.a

1.C.1.2 Social
contributions

n.a

Of which:1.C.1.2.1
payable by border,
seasonal, and other
short-term workers

n.a

1.C.1.3 Social
benefits
n.a

1.C.1.4 Current
international
cooperation
33.302496885000004
29.601477170999999

1.C.1.5
Miscellaneous
current transfers of
general government
295.32343395974999

Of which: 1.C.1.5.1
Current transfers to
NPISHs

1.C.2 Financial
corporations,
nonfinancial
corporations,
households, and
NPISHs
4017.1318126327496
353.26217508565219

1.C.2.1 Personal
transfers (Current
transfers between
resident and
nonresident
household)
4009.9318595700001
200.87404354500003

Of which: 1.C.2.1.1
Workers’ remittances
4009.9318595700001
200.87404354500003

1.C.2.2 Other
current transfers

1.C.2.0.1 Current
taxes on income,
wealth, etc.
n.a

n
1.C.2.0.2 Social
contributions

1.C.2.0.3 Social
benefits

1.C.2.0.4 Net nonlife
insurance premiums
7.1999530627499997
152.38813154065221

1.C.2.0.5 Nonlife
insurance claims

1.C.2.0.6 Current
international
cooperation

1.C.2.0.7
Miscellaneous
current transfers

Of which:1.C.2.0.7.1
Current transfers to
NPISHs

1.C.3 Adjustment for
change in pension
entitlements

2 Capital account

Capital account
balance (+ Surplus;
- Deficit)

2.1 Gross
acquisitions /
disposals of
nonproduced
nonfinancial assets

2.2 Capital transfers

2.2.1 General
government

2.2.1.1 Debt
forgiveness

2.2.1.2 Other capital
transfers

Of which:2.2.1.2.1
Capital taxes

2.2.2 Financial
corporations,
nonfinancial
corporations,
households, and
NPISHs

2.2.2.1 Debt
forgiveness

2.2.2.2 Other capital
transfers

Of which: 2.2.2.2.1
Capital taxes
n.a

n
Of which: 2.2.2.0.1
Between households

Of which:

for each item in
capital transfers:

Transfers to NPISHs

Net lending (+) /
net borrowing (-)
(Balance from
current and capital
accounts)

-3033.4848362499747

Net acquisition of
financial assets
Net incurrence of
liabilities
N
f
3 Financial account
1506.0589585855221
1304.0878999348565

Net lending / net
borrowing (from
financial account)
(+ net lending; - net
borrowing)
201.97105865066558

3.1 Direct
investment
281.99813936137525
602.06782344486987

3.1.1 Equity and
investment fund
shares
281.99813936137525
601.23865041486988

3.1.1.1 Equity other
than reinvestment of
earnings
276.57589069740004
181.14678017136984

3.1.1.1.1 Direct
investor in direct
investment
enterprises
276.57589069740004
181.14678017136984

3.1.1.1.2 Direct
investment
enterprises in direct
investor (reverse
investment)

3.1.1.1.3 Between
fellow enterprises

3.1.1.1.3.1 if
ultimate controlling
parent is resident

3.1.1.1.3.2 if
ultimate controlling
parent is nonresident

3.1.1.1.3.3 if
ultimate controlling
parent is unknown

3.1.1.2 Reinvestment
of earnings
5.4222486639752239
420.09187024350007

Of which: 3.1.1.0.1
Investment fund
shares/units

Of which: 3.1.1.0.1.1
Money market fund
shares/units

3.1.2 Debt
instruments

0.8291730300000002

3.1.2.1 Direct
investor in direct
investment
enterprises

0.8291730300000002

3.1.2.2 Direct
investment
enterprises in direct
investor (reverse
investment)

3.1.2.3 Between
fellow enterprises

3.1.2.3.1 if ultimate
controlling parent is
resident

3.1.2.3.2 if ultimate
controlling parent is
nonresident

3.1.2.3.3 if ultimate
controlling parent is
unknown

Of which: 3.1.2.0
Debt securities

3.1.2.0.1 Direct
investor in direct
investment
enterprises

3.1.2.0.2 Direct
investment
enterprises in direct
investor (reverse
investment)

3.1.2.0.3 Between
fellow enterprises

3.1.2.0.3.1 if
ultimate controlling
parent is resident

3.1.2.0.3.2 if
ultimate controlling
parent is nonresident

3.1.2.0.3.3 if
ultimate controlling
parent is unknown

Table D.2.1.4A
Balance of Payments
BPM6 Compilation
(Naira Billion)

Credits
Debits
C
3.2 Portfolio
investment
329.40912603375
498.13221591810077

3.2.1 Equity and
investment fund
shares
263.52730082699998
93.64929738674978

3.2.1.1 Central bank n.a

n
3.2.1.1.9 Monetary
authorities
n.a

n
3.2.1.2 Deposittaking corporations,
except the central
bank

3.2.1.3 General
government
n.a

n
3.2.1.4 Other sectors 263.52730082699998
93.64929738674978

3.2.1.4.1 Other
financial
corporations

3.2.1.4.2
Nonfinancial
corporations,
households, and
NPISHs
263.52730082699998
93.64929738674978

3.2.1.0.1 Equity
securities other than
investment fund
shares

3.2.1.0.1.1 Listed

3.2.1.0.1.2 Unlisted

3.2.1.0.2 Investment
fund shares/units

Of which: 3.2.1.0.2.1
Reinvestment of
earnings

Of which:
3.2.1.0.2.0.1 Money
market fund shares/
units

3.2.2 Debt securities 65.881825206749994
591.78151330485059

3.2.2.1 Central bank 0

3.2.2.1.1 Short-term

3.2.2.1.2 Long-term

3.2.2.1.9 Monetary
authorities

3.2.1.1.9.1 Shortterm

3.2.1.1.9.2 Longterm

3.2.2.2 Deposittaking corporations,
except the central
bank

112.31364826500001

3.2.2.2.1 Short-term

112.31364826500001

3.2.2.2.2 Long-term

3.2.2.3 General
government

342.9620129488506

3.2.2.3.1 Short-term

3.2.2.3.2 Long-term

342.9620129488506

3.2.2.4 Other sectors 65.881825206749994
136.50585209100004

3.2.2.4.0.1 Shortterm
65.881825206749994

3.2.2.4.0.2 Longterm

136.50585209100004

3.2.2.4.1 Other
financial
corporations

3.2.2.4.1.1 Shortterm

3.2.2.4.1.2 Longterm

3.2.2.4.2
Nonfinancial
corporations,
households, and
NPISHs
65.881825206749994
136.50585209100004

3.2.2.4.2.1 Shortterm
65.881825206749994

3.2.2.4.2.2 Longterm

136.50585209100004

3.3 Financial
derivatives (other
than reserves) and
employee stock
options

3.3.1 Central bank

3.3.1.9 Monetary
authorities

3.3.2 Deposit-taking
corporations, except
the central bank

3.3.3 General
government

3.3.4 Other sectors

3.3.4.1 Other
financial
corporations

3.3.4.2 Nonfinancial
corporations,
households, and
NPISHs

3.3.0.1 Financial
derivatives

3.3.0.1.1 Options

3.3.0.1.2 Forwardtype contracts

3.3.0.2.Employee
stock options

3.4 Other investment 2044.7842213510173
203.88786057188597

3.4.1 Other equity

3.4.2 Currency and
deposits
833.38330874660721
146.58025422675692
-7
3.4.2.1 Central bank 0

3.4.2.1.1 Short-term

3.4.2.1.2 Long-term

3.4.2.1.9 Monetary
authorities

3.4.2.1.9.1 Shortterm

3.4.2.1.9.2 Longterm

3.4.2.2 Deposittaking corporations,
except the central
bank
-877.08527462611664
146.58025422675692
-3
3.4.2.2.0.1 Of which:
Interbank positions

3.4.2.2.1 Short-term
-877.08527462611664
146.58025422675692
-3
3.4.2.2.2 Long-term

3.4.2.3 General
government
-265.42413107563442

-2
3.4.2.3.1 Short-term
-265.42413107563442

-2
3.4.2.3.2 Long-term

3.4.2.4 Other sectors 1975.8927144483584

-4
3.4.2.4.0.1 Shortterm
1975.8927144483584

-4
3.4.2.4.0.2 Longterm

3.4.2.4.1 Other
financial
corporations

3.4.2.4.1.1 Shortterm

3.4.2.4.1.2 Longterm

3.4.2.4.2
Nonfinancial
corporations,
households, and
NPISHs
1975.8927144483584
n.a
-4
3.4.2.4.2.1 Shortterm
1975.8927144483584
n.a
-4
3.4.2.4.2.2 Longterm

n.a

Table D.2.1.4A
Balance of Payments
BPM6 Compilation
(Naira Billion)

Credits
Debits
C
3.4.3 Loans
-141.04725766460001
57.307606345129045

3.4.3.1 Central bank 0

3.4.3.1.1 Credit and
loans with the IMF
(other than reserves)

3.4.3.1.2 Other
short-term

3.4.3.1.3 Other longterm

3.4.3.1.9 Monetary
authorities

3.4.3.1.9.1 Credit
and loans with the
IMF (other than
reserves)

3.4.3.1.9.2 Other
short-term

3.4.3.1.9.3 Other
long-term

3.4.3.2 Deposittaking corporations,
except the central
bank

137.05302777562898

3.4.3.2.1 Short-term

137.05302777562898

3.4.3.2.2 Long-term

3.4.3.3 General
government

198.40813797000001

3.4.3.3.1 Credit and
loans with the IMF
(other than reserves)

3.4.3.3.2 Other
short-term

3.4.3.3.3 Other longterm

198.40813797000001

3.4.3.4 Other sectors -141.04725766460001
278.1535594005

3.4.3.4.0.1 Shortterm

3.4.3.4.0.2 Longterm
-141.04725766460001
278.1535594005

3.4.3.4.1 Other
financial
corporations

3.4.2.4.1.1 Shortterm

3.4.2.4.1.2 Longterm

3.4.3.4.2
Nonfinancial
corporations,
households, and
NPISHs
-141.04725766460001
278.1535594005

3.4.3.4.2.1 Shortterm

3.4.3.4.2.2 Longterm
-141.04725766460001
278.1535594005

3.4.4 Insurance,
pension, and
standardized
guarantee schemes

3.4.4.1 Central bank 0

3.4.4.1.9 Monetary
authorities

3.4.4.2 Deposittaking corporations,
except the central
bank

3.4.4.3 General
government

3.4.4.4 Other sectors 0

3.4.4.4.1 Other
financial
corporations

3.4.4.4.2
Nonfinancial
corporations,
households, and
NPISHs

3.4.4.0.1 Nonlife
insurance technical
reserves

3.4.4.0.2 Life
insurance and
annuity entitlements

3.4.4.0.3 Pension
entitlements

3.4.4.0.4 Claims of
pension funds on
pension managers

3.4.4.0.5
Entitlements to
nonpension benefits

3.4.4.0.6 Provisions
for calls under
standardized
guarantees

3.4.5 Trade credit
and advances
1352.4481702690105

3.4.5.1 Central bank 0

3.4.5.1.1 Short-term

3.4.5.1.2 Long-term

3.4.5.1.9 Monetary
authorities

3.4.5.1.9.1 Shortterm

3.4.5.1.9.2 Longterm

3.4.5.2 General
government
743.84649364795575

3.4.5.2.1 Short-term
743.84649364795575

3.4.5.2.2 Long-term

3.4.5.3 Deposittaking corporations

3.4.5.3.1 Short-term

3.4.5.3.2 Long-term

3.4.5.4 Other sectors 608.60167662105459

3.4.5.4.0.1 Shortterm
608.60167662105459

3.4.5.4.0.2 Longterm

3.4.5.4.1 Other
financial
corporations

3.4.5.4.1.1 Shortterm

3.4.5.4.1.2 Longterm

3.4.5.4.2
Nonfinancial
corporations,
households, and
NPISHs
608.60167662105459

3.4.5.4.2.1 Shortterm
608.60167662105459

3.4.5.4.2.2 Longterm

3.4.6 Other accounts
receivable/payable
—other

3.4.6.1 Central bank 0

3.4.6.1.1 Short-term

3.4.6.1.2 Long-term

3.4.6.1.9 Monetary
authorities

3.4.6.1.9.1 Shortterm

3.4.6.1.9.2 Longterm

3.4.6.2 Deposittaking corporations,
except the central
bank

3.4.6.2.1 Short-term

3.4.6.2.2 Long-term

3.4.6.3 General
government

3.4.6.3.1 Short-term

3.4.6.3.2 Long-term

3.4.6.4 Other sectors 0

3.4.6.4.0.1 Shortterm

3.4.6.4.0.2 Longterm

3.4.6.4.1 Other
financial
corporations

3.4.6.4.1.1 Shortterm

3.4.6.4.1.2 Longterm

3.4.6.4.2
Nonfinancial
corporations,
households, and
NPISHs

3.4.6.4.2.1 Shortterm

3.4.6.4.2.2 Longterm

3.4.7 Special
drawing rights
n.a

n
Table D.2.1.4A
Balance of Payments
BPM6 Compilation
(Naira Billion)

Credits
Debits
C
3.5 Reserve assets
-1150.1325281606205
n.a
-2
3.5.1 Monetary gold 0
n.a

3.5.1.1 Gold bullion

n.a

3.5.1.2 Unallocated
gold accounts

n.a

3.5.2 Special
drawing rights

n.a

3.5.3 Reserve
position in the IMF

n.a

3.5.4 Other reserve
assets
-1150.1325281606205
n.a
-2
3.5.4.1 Currency and
deposits
-1150.1325281606205
n.a
-2
3.5.4.1.1 Claims on
monetary authorities
-1150.1325281606205
n.a
-2
3.5.4.1.2 Claims on
other entities

n.a

3.5.4.2 Securities

n.a

3.5.4.2.1 Debt
securities

n.a

3.5.4.2.1.1 Shortterm

n.a

3.5.4.2.1.2 Longterm

n.a

3.5.4.2.2 Equity and
investment fund
shares

n.a

3.5.4.3 Financial
derivatives

n.a

3.5.4.4 Other claims 0

3 Total assets/
liabilities
1365.0117009209221
1361.3955062799857

Of which: (by
instrument):

3.0.1 Equity and
investment fund
shares

3.0.1.1 Equity

3.0.1.2 Investment
fund shares

3.0.2 Debt
instruments

3.0.2.1 Special
drawing rights

3.0.2.2 Currency and
deposits

3.0.2.3 Debt
securities

3.0.2.4 Loans

3.0.2.5 Insurance,
pension, and
standardized
guarantee schemes

3.0.2.6 Other
accounts receivable/
payable

3.0.3 Other financial
assets and liabilities

3.0.3.1 Monetary
gold

n.a

3.0.3.2 Financial
derivatives and ESOs

Credits
Debits
C
Net errors and
omissions
3235.45589490064

Memorandum Items
2015 1

Current Account
Balance as % of
G.D.P
-3.1871790336018759

Capital and Financial
Account Balance as
% of G.D.P
-0.21220410131390258

Overall Balance as %
of G.D.P
-1.208405011890088
-0
External Reserves -
Stock (US $ billion)
28.28482

Number of Months
of Imports
Equivalent
6.4855145364511992

External Debt Stock
(US$ billion)
10.718431494799999

Effective Central
Exchange Rate (N/$)

End-Period Exchange
Rate (N/$)
196.48650000000001

Exceptional
Financing
1. Current and/or
capital transfers

1.1 Debt forgiveness 0

1.2 Other
intergovernmental
grants

1.3 Grants received
from IMF subsidy
accounts

2. Direct investment

2.1 Equity
investment
associated with debt
reduction

2.2 Debt instruments 0

3. Portfolio
investment—
liabilities

4. Other investment
—liabilities

4.1 Drawings on new
loans by authorities
or by other sectors
on behalf of
authorities

4.2 Rescheduling of
existing debt

5.Arrears

5.1 Accumulation of
arrears

5.1.1 Principal on
short-term debt

5.1.2 Principal on
long-term debt

5.1.3 Original
interest

5.1.4 Penalty
interest

5.2 Repayment of
arrears

5.2.1 Principal

5.2.2 Interest

5.3 Rescheduling of
arrears

5.3.1 Principal

5.3.2 Interest

5.4 Cancellation of
arrears

5.4.1 Principal

5.4.2 Interest

Source: Central Bank
of Nigeria
Notes: 1Revised
2Provisional
Return to Menu
Table D.2.1.4B
Balance of Payments
BPM6 Compilation
US$ Billion

Credits
Debits
Cre
Current Account
72095.87383898595
87534.516372951257

1. Current account
balance (+ Surplus;
- Deficit)

15438.642533965307

1.A Goods and
services
49047.768015820635
71947.444729147101

Balance on goods
and services (+
Surplus; - Deficit)

22899.676713326466

1.A.a Goods
45887.738522121021
52334.758960501167

Balance on trade in
goods (+ Surplus; -
Deficit)

6447.0204383801465

1.A.a.1 General
merchandise on a
BOP basis
45887.738522121021
52334.758960501167

Of which: 1.A.a.1.1
Re-exports
n.a
1.A.a.2 Net exports
of goods under
merchanting

n.a

1.A.a.2.1 Goods
acquired under
merchanting

n.a

1.A.a.2.2 Goods sold
under merchanting

n.a

1.A.a.3
Nonmonetary gold
1.A.b Services
3160.0294936996174
19612.685768645941

Balance on trade in
services (+ Surplus;
- Deficit)

16452.656274946323

1.A.b.1
Manufacturing
services on physical
inputs owned by
others

1.A.b.1.1 Goods for
processing in
reporting economy—
Goods returned ,
received

1.A.b.1.2 Goods for
processing abroad—
Goods sent, Goods
returned

1.A.b.2 Maintenance
and repair services
n.i.e.

27.65

1.A.b.3 Transport
1808.0387777784103
7735.0534032163532

1.A.b.3.1 Sea
transport
1731.7807777784103
4204.9723074110489

1.A.b.3.1.1
Passenger
2.8275000000000001
4.3099999999999996
0.9
Of which:
1.A.b.3.1.1.1
Payable by border,
seasonal and other
short-term workers

1.A.b.3.1.2 Freight
428.17449999999997
4155.4923074110484

1.A.b.3.1.3 Other
1300.7787777784104
45.17

1.A.b.3.2 Air
transport
76.257999999999996
3440.421095805304
36.
1.A.b.3.2.1
Passenger
53.722499999999997
3401.1284999999998
17.
Of which:
1.A.b.3.2.1.1
Payable by border,
seasonal and other
short-term workers

1.A.b.3.2.2 Freight
22.535500000000003
2.11
18.
1.A.b.3.2.3 Other

37.182595805303933

1.A.b.3.3 Other
modes of transport

76.14

1.A.b.3.3.1
Passenger

6.1800000000000006

Of which:
1.A.b.3.3.1.1
Payable by border,
seasonal, and other
short-term workers

1.A.b.3.3.2 Freight

9.75

1.A.b.3.3.3 Other

60.21

1.A.b.3.4 Postal and
courier services ( For
all modes of
transport)

13.52

1.A.b.3.0.1
Passenger

Of which:
1.A.b.3.0.1.1
Payable by border,
seasonal, and other
short-term workers

1.A.b.3.0.2 Freight

1.A.b.3.0.3 Other

13.52

1.A.b.4 Travel
403.916
5605.2010740840005

1.A.b.4.1 Business

1310.6251990839999

1.A.b.4.1.1
Acquisition of goods
and services by
border, seasonal,
and short term
workers

1.A.b.4.1.2 Other

1310.6251990839999

1.A.b.4.2 Personal
403.916
4294.5758750000005

1.A.b.4.2.1 Healthrelated

746.3537500000001

1.A.b.4.2.2
Education-related

2247.4909374999997

1.A.b.4.2.3 Other
403.916
1300.7311875

For both business
and personal travel

1.A.b.4.0.1 Goods

1.A.b.4.0.2 Local
transport services

1.A.b.4.0.3
Accommodation
services

1.A.b.4.0.4 Foodserving services

1.A.b.4.0.5 Other
services

Of which:
1.A.b.4.0.5.1 Health
services

1.A.b.4.0.5.2
Education services

1.A.b.5 Construction 0
51.5

1.A.b.5.1
Construction abroad

1.A.b.5.2
Construction in the
reporting economy

51.5

1.A.b.6 Insurance
and pension services
43.109999999999992
332.38517267958912
79.
1.A.b.6.1 Direct
insurance
43.109999999999992
328.33907267958915
79.
1.A.b.6.2
Reinsurance

3.1580999999999997

1.A.b.6.3 Auxiliary
insurance services

0.88800000000000001 0
1.A.b.6.4 Pension
and standardized
guarantee services

1.A.b.7 Financial
services
253.55970992913711
1119.0899999999999

1.A.b.7.1 Explicitly
charged and other
financial services
253.55970992913711
1119.0899999999999

1.A.b.7.2 Financial
intermediation
services indirectly
measured (FISIM)

1.A.b.8 Charges for
the use of
intellectual property
n.i.e.

252.83999999999995

1.A.b.9
Telecommunications,
computer, and
information services
77.184000000000012
1042.4290000000001

1.A.b.9.1
Telecommunications
services
77.184000000000012
704.01600000000008

1.A.b.9.2 Computer
services

325.17500000000001

1.A.b.9.3
Information services

13.238000000000001

Table D.2.1.4B
Balance of Payments
BPM6 Compilation
US$ Billion

Credits
Debits
Cre
1.A.b.10 Other
business services
87.529929999999993
1959.233537176
64.
1.A.b.10.1 Research
and development
services

0.47333333333333333 0
1.A.b.10.2
Professional and
management
consulting services

925.67625193919991

1.A.b.10.3
Technical, traderelated, and other
business services
87.529929999999993
1033.0839519034669
64.
1.A.b.11 Personal,
cultural, and
recreational services

160.74600000000001

1.A.b.11.1
Audiovisual and
related services

1.A.b.11.2 Other
personal, cultural,
and recreational
services

160.74600000000001

1.A.b.12
Government goods
and services n.i.e.
486.6910759920691
1326.5575814900001

1.A.b.0.1 Tourismrelated services in
travel and passenger
transport

1.B Primary income
930.77082316531255
13638.52224088511

Balance on primary
income (+ Surplus; -
Deficit)

12707.751417719797

1.B.1 Compensation
of employees
217.866924007931
13.12115

1.B.2 Investment
income
712.9038991573816
13625.401090885109

1.B.2.1 Direct
investment
300.5638669450687
12462.677674117558

1.B.2.1.1 Income on
equity and
investment fund
shares
297.60386694506872
12413.018854117558

1.B.2.1.1.1
Dividends and
withdrawals from
income of quasicorporation
270.00783025056182
10274.999854117557

1.B.2.1.1.1.1 Direct
investor in direct
investment
enterprises
270.00783025056182
10274.999854117557

1.B.2.1.1.1.2 Direct
investment
enterprises in direct
investor (reverse
investment)

1.B.2.1.1.1.3
Between fellow
enterprises

1.B.2.1.1.1.3.1 if
ultimate controlling
parent is resident
1.B.2.1.1.1.3.2 if
ultimate controlling
parent is nonresident
1.B.2.1.1.1.3.3 if
ultimate controlling
parent is unknown
1.B.2.1.1.2
Reinvested earnings
27.596036694506871
2138.0190000000002
34.
Investment income
attributable to
policyholders in
insurance, pension
schemes, and
standardized
guarantees, and to
investment fund
shareholders
Of which:
Investment income
attributable to
investment fund
shareholders
1.B.2.1.2 Interest
2.96
49.658819999999999
3.6
1.B.2.1.2.1 Direct
investor in direct
investment
enterprises
2.96
49.658819999999999
3.6
1.B.2.1.2.2 Direct
investment
enterprises in direct
investor (reverse
investment)

1.B.2.1.2.3 Between
fellow enterprises

1.B.2.1.2.3.1 if
ultimate controlling
parent is resident
1.B.2.1.2.3.2 if
ultimate controlling
parent is nonresident
1.B.2.1.2.3.3 if
ultimate controlling
parent is unknown
1.B.2.1.2M
Memorandum:
Interest before FISIM
1.B.2.2 Portfolio
investment
23.131575262719963
554.80718877772915

1.B.2.2.1 Investment
income on equity
and investment fund
shares

121.9654
51.
1.B.2.2.1.1
Dividends on equity
excluding
investment fund
shares

121.9654
51.
1.B.2.2.1.2
Investment income
attributable to
investment fund
shareholders

1.B.2.2.1.2.1
Dividends
1.B.2.2.1.2.2
Reinvested earnings
1.B.2.2.2 Interest
23.131575262719963
432.84178877772916

1.B.2.2.2.1 Shortterm
23.131575262719963
319.38599999999997

1.B.2.2.2.2 Longterm

113.4557887777292

1.B.2.3 Other
investment
226.0430586195929
607.91622798982189

1.B.2.3.1
Withdrawals from
income of quasicorporations

1.B.2.3.2 Interest
226.0430586195929
607.91622798982189

1.B.2.3.2M
Memorandum:
Interest before FISIM

1.B.2.3.3 Investment
income attributable
to policyholders in
insurance, pension
schemes, and
standardized
guarantee schemes

1.B.2.4 Reserve
assets
163.16539833000002

1.B.2.4.1 Income on
equity and
investment fund
shares

1.B.2.4.2 Interest
163.16539833000002

1.B.2.4.2M
Memorandum:
Interest before FISIM

1.B.3 Other primary
income

1.B.3.1 Taxes on
production and on
imports

1.B.3.2 Subsidies

1.B.3.3 Rent

Balance on goods,
services, and
primary income
49978.538838985951
85585.966970032212

Table D.2.1.4B
Balance of Payments
BPM6 Compilation
US$ Billion

Credits
Debits
Cre
1.C Secondary
income
22117.334999999999
1948.5494029190413

Balance on
secondary income
(+ Surplus; -
Deficit)
20168.785597080958

1.C.1 General
government
1672.5114999999998
150.654

1.C.1.1 Current taxes
on income, wealth,
etc.

n.a

Of which:1.C.1.1.1
payable by border,
seasonal, and other
short-term workers

n.a

1.C.1.2 Social
contributions

n.a

Of which:1.C.1.2.1
payable by border,
seasonal, and other
short-term workers

n.a

1.C.1.3 Social
benefits
n.a

n.a
1.C.1.4 Current
international
cooperation
169.49
150.654

1.C.1.5
Miscellaneous
current transfers of
general government
1503.0214999999998

Of which: 1.C.1.5.1
Current transfers to
NPISHs

1.C.2 Financial
corporations,
nonfinancial
corporations,
households, and
NPISHs
20444.823499999999
1797.8954029190413

1.C.2.1 Personal
transfers (Current
transfers between
resident and
nonresident
household)
20408.18
1022.33

Of which: 1.C.2.1.1
Workers’ remittances
20408.18
1022.33

1.C.2.2 Other
current transfers

1.C.2.0.1 Current
taxes on income,
wealth, etc.
n.a

n.a
1.C.2.0.2 Social
contributions

1.C.2.0.3 Social
benefits

1.C.2.0.4 Net nonlife
insurance premiums
36.643499999999996
775.56540291904139
29.
1.C.2.0.5 Nonlife
insurance claims

1.C.2.0.6 Current
international
cooperation

1.C.2.0.7
Miscellaneous
current transfers

Of which:1.C.2.0.7.1
Current transfers to
NPISHs

1.C.3 Adjustment for
change in pension
entitlements

2 Capital account

Capital account
balance (+ Surplus;
- Deficit)

2.1 Gross
acquisitions /
disposals of
nonproduced
nonfinancial assets
2.2 Capital transfers

2.2.1 General
government

2.2.1.1 Debt
forgiveness
2.2.1.2 Other capital
transfers
Of which:2.2.1.2.1
Capital taxes
2.2.2 Financial
corporations,
nonfinancial
corporations,
households, and
NPISHs

2.2.2.1 Debt
forgiveness
2.2.2.2 Other capital
transfers
Of which: 2.2.2.2.1
Capital taxes
n.a
n.a
Of which: 2.2.2.0.1
Between households
Of which:
for each item in
capital transfers:
Transfers to NPISHs
Net lending (+) /
net borrowing (-)
(Balance from
current and capital
accounts)

15438.642533965307

Net acquisition of
financial assets
Net incurrence of
liabilities
Net
fina
3 Financial account
7664.9487806313518
6637.0356229810013

Net lending / net
borrowing (from
financial account)
(+ net lending; - net
borrowing)
1027.9131576503505

3.1 Direct
investment
1435.2036366945069
3064.1689044533332

3.1.1 Equity and
investment fund
shares
1435.2036366945069
3059.9489044533334

3.1.1.1 Equity other
than reinvestment of
earnings
1407.6076
921.92990445333317

3.1.1.1.1 Direct
investor in direct
investment
enterprises
1407.6076
921.92990445333317

3.1.1.1.2 Direct
investment
enterprises in direct
investor (reverse
investment)

3.1.1.1.3 Between
fellow enterprises

3.1.1.1.3.1 if
ultimate controlling
parent is resident

3.1.1.1.3.2 if
ultimate controlling
parent is nonresident

3.1.1.1.3.3 if
ultimate controlling
parent is unknown

3.1.1.2 Reinvestment
of earnings
27.596036694506871
2138.0190000000002
34.
Of which: 3.1.1.0.1
Investment fund
shares/units

Of which: 3.1.1.0.1.1
Money market fund
shares/units

3.1.2 Debt
instruments

4.2200000000000006

3.1.2.1 Direct
investor in direct
investment
enterprises

4.2200000000000006

3.1.2.2 Direct
investment
enterprises in direct
investor (reverse
investment)

3.1.2.3 Between
fellow enterprises

3.1.2.3.1 if ultimate
controlling parent is
resident

3.1.2.3.2 if ultimate
controlling parent is
nonresident

3.1.2.3.3 if ultimate
controlling parent is
unknown

Of which: 3.1.2.0
Debt securities

3.1.2.0.1 Direct
investor in direct
investment
enterprises

3.1.2.0.2 Direct
investment
enterprises in direct
investor (reverse
investment)

3.1.2.0.3 Between
fellow enterprises

3.1.2.0.3.1 if
ultimate controlling
parent is resident

3.1.2.0.3.2 if
ultimate controlling
parent is nonresident

3.1.2.0.3.3 if
ultimate controlling
parent is unknown

Table D.2.1.4B
Balance of Payments
BPM6 Compilation
US$ Billion

Credits
Debits
Cre
3.2 Portfolio
investment
1676.4974999999999
2535.198173503527

3.2.1 Equity and
investment fund
shares
1341.1979999999999
476.61949999999888

3.2.1.1 Central bank n.a

n.a
3.2.1.1.9 Monetary
authorities
n.a

n.a
3.2.1.2 Deposittaking corporations,
except the central
bank

3.2.1.3 General
government
n.a

n.a
3.2.1.4 Other sectors 1341.1979999999999
476.61949999999888

3.2.1.4.1 Other
financial
corporations

3.2.1.4.2
Nonfinancial
corporations,
households, and
NPISHs
1341.1979999999999
476.61949999999888

3.2.1.0.1 Equity
securities other than
investment fund
shares

3.2.1.0.1.1 Listed

3.2.1.0.1.2 Unlisted

3.2.1.0.2 Investment
fund shares/units

Of which: 3.2.1.0.2.1
Reinvestment of
earnings

Of which:
3.2.1.0.2.0.1 Money
market fund shares/
units

3.2.2 Debt securities 335.29949999999997
3011.8176735035258
35.
3.2.2.1 Central bank 0

3.2.2.1.1 Short-term

3.2.2.1.2 Long-term

3.2.2.1.9 Monetary
authorities

3.2.1.1.9.1 Shortterm

3.2.1.1.9.2 Longterm

3.2.2.2 Deposittaking corporations,
except the central
bank

571.61

3.2.2.2.1 Short-term

571.61

3.2.2.2.2 Long-term

3.2.2.3 General
government

1745.473673503526

3.2.2.3.1 Short-term

3.2.2.3.2 Long-term

1745.473673503526

3.2.2.4 Other sectors 335.29949999999997
694.73400000000015
35.
3.2.2.4.0.1 Shortterm
335.29949999999997

35.
3.2.2.4.0.2 Longterm

694.73400000000015

3.2.2.4.1 Other
financial
corporations

3.2.2.4.1.1 Shortterm

3.2.2.4.1.2 Longterm

3.2.2.4.2
Nonfinancial
corporations,
households, and
NPISHs
335.29949999999997
694.73400000000015
35.
3.2.2.4.2.1 Shortterm
335.29949999999997

35.
3.2.2.4.2.2 Longterm

694.73400000000015

3.3 Financial
derivatives (other
than reserves) and
employee stock
options

3.3.1 Central bank

3.3.1.9 Monetary
authorities

3.3.2 Deposit-taking
corporations, except
the central bank

3.3.3 General
government

3.3.4 Other sectors

3.3.4.1 Other
financial
corporations

3.3.4.2 Nonfinancial
corporations,
households, and
NPISHs

3.3.0.1 Financial
derivatives

3.3.0.1.1 Options

3.3.0.1.2 Forwardtype contracts

3.3.0.2.Employee
stock options

3.4 Other investment 10406.741538736846
1037.6685450241414

3.4.1 Other equity

3.4.2 Currency and
deposits
4241.4278270853574
746.00674461989456
-29
3.4.2.1 Central bank 0

3.4.2.1.1 Short-term

3.4.2.1.2 Long-term

3.4.2.1.9 Monetary
authorities

3.4.2.1.9.1 Shortterm

3.4.2.1.9.2 Longterm

3.4.2.2 Deposittaking corporations,
except the central
bank
-4463.8449696346397
746.00674461989456
-12
3.4.2.2.0.1 Of which:
Interbank positions

3.4.2.2.1 Short-term
-4463.8449696346397
746.00674461989456
-12
3.4.2.2.2 Long-term

3.4.2.3 General
government
-1350.8517433800002

-99
3.4.2.3.1 Short-term
-1350.8517433800002

-99
3.4.2.3.2 Long-term

3.4.2.4 Other sectors 10056.124540099998

-15
3.4.2.4.0.1 Shortterm
10056.124540099998

-15
3.4.2.4.0.2 Longterm

3.4.2.4.1 Other
financial
corporations

3.4.2.4.1.1 Shortterm

3.4.2.4.1.2 Longterm

3.4.2.4.2
Nonfinancial
corporations,
households, and
NPISHs
10056.124540099998
n.a
-15
3.4.2.4.2.1 Shortterm
10056.124540099998
n.a
-15
3.4.2.4.2.2 Longterm

n.a

3.4.3 Loans
-717.84706666666671
291.66180040424683

3.4.3.1 Central bank 0

3.4.3.1.1 Credit and
loans with the IMF
(other than reserves)

3.4.3.1.2 Other
short-term

3.4.3.1.3 Other longterm

Table D.2.1.4B
Balance of Payments
BPM6 Compilation
US$ Billion

Credits
Debits
Cre
3.4.3.1.9 Monetary
authorities

3.4.3.1.9.1 Credit
and loans with the
IMF (other than
reserves)

3.4.3.1.9.2 Other
short-term

3.4.3.1.9.3 Other
long-term

3.4.3.2 Deposittaking corporations,
except the central
bank

697.51880040424658

3.4.3.2.1 Short-term

697.51880040424658

3.4.3.2.2 Long-term

3.4.3.3 General
government

1009.78

3.4.3.3.1 Credit and
loans with the IMF
(other than reserves)

3.4.3.3.2 Other
short-term

3.4.3.3.3 Other longterm

1009.78

3.4.3.4 Other sectors -717.84706666666671
1415.6369999999997

3.4.3.4.0.1 Shortterm

3.4.3.4.0.2 Longterm
-717.84706666666671
1415.6369999999997

3.4.3.4.1 Other
financial
corporations

3.4.2.4.1.1 Shortterm

3.4.2.4.1.2 Longterm

3.4.3.4.2
Nonfinancial
corporations,
households, and
NPISHs
-717.84706666666671
1415.6369999999997

3.4.3.4.2.1 Shortterm

3.4.3.4.2.2 Longterm
-717.84706666666671
1415.6369999999997

3.4.4 Insurance,
pension, and
standardized
guarantee schemes

3.4.4.1 Central bank 0

3.4.4.1.9 Monetary
authorities

3.4.4.2 Deposittaking corporations,
except the central
bank

3.4.4.3 General
government

3.4.4.4 Other sectors 0

3.4.4.4.1 Other
financial
corporations

3.4.4.4.2
Nonfinancial
corporations,
households, and
NPISHs

3.4.4.0.1 Nonlife
insurance technical
reserves

3.4.4.0.2 Life
insurance and
annuity entitlements

3.4.4.0.3 Pension
entitlements

3.4.4.0.4 Claims of
pension funds on
pension managers

3.4.4.0.5
Entitlements to
nonpension benefits

3.4.4.0.6 Provisions
for calls under
standardized
guarantees

3.4.5 Trade credit
and advances
6883.1607783181553

3.4.5.1 Central bank 0

3.4.5.1.1 Short-term

3.4.5.1.2 Long-term

3.4.5.1.9 Monetary
authorities

3.4.5.1.9.1 Shortterm

3.4.5.1.9.2 Longterm

3.4.5.2 General
government
3785.7384280749857

3.4.5.2.1 Short-term
3785.7384280749857

3.4.5.2.2 Long-term

3.4.5.3 Deposittaking corporations

3.4.5.3.1 Short-term

3.4.5.3.2 Long-term

3.4.5.4 Other sectors 3097.4223502431701

3.4.5.4.0.1 Shortterm
3097.4223502431701

3.4.5.4.0.2 Longterm

3.4.5.4.1 Other
financial
corporations

3.4.5.4.1.1 Shortterm

3.4.5.4.1.2 Longterm

3.4.5.4.2
Nonfinancial
corporations,
households, and
NPISHs
3097.4223502431701

3.4.5.4.2.1 Shortterm
3097.4223502431701

3.4.5.4.2.2 Longterm

3.4.6 Other accounts
receivable/payable
—other

3.4.6.1 Central bank 0

3.4.6.1.1 Short-term

3.4.6.1.2 Long-term

3.4.6.1.9 Monetary
authorities

3.4.6.1.9.1 Shortterm

3.4.6.1.9.2 Longterm

3.4.6.2 Deposittaking corporations,
except the central
bank

3.4.6.2.1 Short-term

3.4.6.2.2 Long-term

3.4.6.3 General
government

3.4.6.3.1 Short-term

3.4.6.3.2 Long-term

3.4.6.4 Other sectors 0

3.4.6.4.0.1 Shortterm

3.4.6.4.0.2 Longterm

3.4.6.4.1 Other
financial
corporations

3.4.6.4.1.1 Shortterm

3.4.6.4.1.2 Longterm

3.4.6.4.2
Nonfinancial
corporations,
households, and
NPISHs

3.4.6.4.2.1 Shortterm

3.4.6.4.2.2 Longterm

3.4.7 Special
drawing rights
n.a
n.a
Table D.2.1.4B
Balance of Payments
BPM6 Compilation
US$ Billion

Credits
Debits
Cre
3.5 Reserve assets
-5853.4938948000017
n.a
-98
3.5.1 Monetary gold 0
n.a

3.5.1.1 Gold bullion

n.a

3.5.1.2 Unallocated
gold accounts

n.a

3.5.2 Special
drawing rights

n.a

3.5.3 Reserve
position in the IMF

n.a

3.5.4 Other reserve
assets
-5853.4938948000017
n.a
-98
3.5.4.1 Currency and
deposits
-5853.4938948000017
n.a
-98
3.5.4.1.1 Claims on
monetary authorities
-5853.4938948000017
n.a
-98
3.5.4.1.2 Claims on
other entities

n.a

3.5.4.2 Securities

n.a

3.5.4.2.1 Debt
securities

n.a

3.5.4.2.1.1 Shortterm

n.a

3.5.4.2.1.2 Longterm

n.a

3.5.4.2.2 Equity and
investment fund
shares

n.a

3.5.4.3 Financial
derivatives

n.a

3.5.4.4 Other claims 0

3 Total assets/
liabilities
6947.1017139646847
6928.6974233852479

Of which: (by
instrument):

3.0.1 Equity and
investment fund
shares

3.0.1.1 Equity

3.0.1.2 Investment
fund shares

3.0.2 Debt
instruments

3.0.2.1 Special
drawing rights

3.0.2.2 Currency and
deposits

3.0.2.3 Debt
securities

3.0.2.4 Loans

3.0.2.5 Insurance,
pension, and
standardized
guarantee schemes

3.0.2.6 Other
accounts receivable/
payable

3.0.3 Other financial
assets and liabilities

3.0.3.1 Monetary
gold

n.a

3.0.3.2 Financial
derivatives and ESOs

Credits
Debits
Cre
Net errors and
omissions
16466.555691615657

Memorandum Items

Current Account
Balance as % of
G.D.P
-3.1871790336018759
0.6
Capital and Financial
Account Balance as
% of G.D.P
-0.21220410131390258
0.7
Overall Balance as %
of G.D.P
-1.208405011890088
-0.2
External Reserves -
Stock (US $ billion)
28.28482
26.
Number of Months
of Imports
Equivalent
6.4855145364511992
9.1
External Debt Stock
(US$ billion)
10.718431494799999
11.
Effective Central
Exchange Rate (N/$)

End-Period Exchange
Rate (N/$)
196.48650000000001

Exceptional
Financing
1. Current and/or
capital transfers

1.1 Debt forgiveness 0

1.2 Other
intergovernmental
grants

1.3 Grants received
from IMF subsidy
accounts

2. Direct investment

2.1 Equity
investment
associated with debt
reduction

2.2 Debt instruments 0

3. Portfolio
investment—
liabilities

4. Other investment
—liabilities

4.1 Drawings on new
loans by authorities
or by other sectors
on behalf of
authorities

4.2 Rescheduling of
existing debt

5.Arrears

5.1 Accumulation of
arrears

5.1.1 Principal on
short-term debt

5.1.2 Principal on
long-term debt

5.1.3 Original
interest

5.1.4 Penalty
interest

5.2 Repayment of
arrears

5.2.1 Principal

5.2.2 Interest

5.3 Rescheduling of
arrears

5.3.1 Principal

5.3.2 Interest

5.4 Cancellation of
arrears

5.4.1 Principal

5.4.2 Interest

Source: Central Bank
of Nigeria
Notes: 1Revised
2Provisional
Return to
Menu
Table
D.2.2.1:
International
Investment
Position of
Nigeria (N'
Billion)
Type of
Asset/
Liability

Net
international
investment
position of
Nigeria
-2859.2378615399994
709.21602053116294
1036.56
ASSETS
5396.3313171600003
7759.720232931164
8907.35
Direct
investment
abroad
39.347579999999994
80.102049600000015
177.712
Equity
Capital and
Reinvested
Earnings
39.347579999999994
80.102049600000015
177.712
Other
Capital

Portfolio
investment
abroad
367.83134045999998
557.87367977999997
732.395
Equity
Securities
331.79879407499999
503.22469522499995
665.805
Monetary
Authority

General
Government

Banks
331.79879407499999
503.22469522499995
665.805
Other Sector 0

Debt
Securities
36.032546385000003
54.648984555000013
66.5901
Bonds and
Notes

Monetary
Authority

General
Government

Banks

Other Sector 0

Money
Market
36.032546385000003
54.648984555000013
66.5901
Monetary
Authority

General
Government

Banks
36.032546385000003
54.648984555000013
66.5901
Other Sector 0

Financial
Derivatives

Monetary
Authority

General
Government

Banks

Other Sector 0

Other Assets 1331.0300333999999
1696.1659338511631
1941.47
Trade Credit 423.0359952
602.45981870000003
213.828
Monetary
Authority

General
Government

Banks

Other Sector 423.0359952
602.45981870000003
213.828
Loans
120.49349489999999
134.80150839999999
137.752
Monetary
Authority

Long-term

Short-term

General
Government

Long-term

Short-term

Banks
120.49349489999999
134.80150839999999
137.752
Long-term

Short-term
120.49349489999999
134.80150839999999
137.752
Other Sector 0

Long-term

Short-term

Currency
and Deposits
787.50054329999989
958.90460675116287
1589.89
Monetary
Authority

General
Government
112.7425428
95.627850400000028
238.223
Banks
463.23869999999999
638.1051848511629
930.748
Other Sector 211.51930049999999
225.17157150000003
420.919
Reserve
Assets
3658.1223633
5425.578569700001
6055.77
Gold

Special
Drawing
Rights
5.3418899999999991E-2 5.3873400000000002E-2 9.43760
Reserve
Position in
the Fund
(IMF)

Foreign
Exchange
3658.0689444
5425.5246963000009
6055.67

LIABILITIES 8255.5691786999996
7050.5042124000001
7870.78
Direct
investment
in Reporting
Economy
3432.4900499999999
4007.5152387000007
4403.76
Equity
Capital and
Reinvested
Earnings
3260.8655475
3838.5515812000003
4243.88
Other
Capital
171.62450250000001
168.96365750000001
159.882
Portfolio
investment
in Reporting
Economy
896.08250399999997
1244.6281812999998
1459.13
Equity
Securities
462.52949999999998
684.32045000000005
801.545
Monetary
Authority

General
Government

Banks

Other Sector 462.52949999999998
684.32045000000005
801.545
Debt
Securities
433.55300399999993
560.3077313
657.588
Bonds and
Notes
399.07826999999997
522.66176900000005
605.515
Monetary
Authority

General
Government
399.07826999999997
522.66176900000005
605.515
Banks

Other Sector 0

Money
Market
34.474734000000005
37.645962300000008
52.0731
Monetary
Authority

General
Government

Banks
34.474734000000005
37.645962300000008
52.0731
Other Sector 0

Financial
Derivatives

Monetary
Authority

General
Government

Banks

Other Sector 0

Other
Liabilities
3926.9966246999998
1798.3607924000003
2007.88
Trade Credit 0

Monetary
Authority

General
Government

Banks

Other Sector 0

Loans
3209.2290146999999
1078.2235103000003
1245.30
Monetary
Authority

Long-term

Short-term

General
Government
2667.8440979999996
519.00607400000013
416.811
Long-term
2667.8440979999996
519.00607400000013
416.811
Short-term

Banks
128.3656167
139.10368420000003
291.233
Long-term
128.3656167
139.10368420000003
291.233
Short-term

Other Sector 413.01929999999999
420.11375210000006
537.258
Long-term
413.01929999999999
420.11375210000006
537.258
Short-term

Currency
and Deposits
717.76760999999999
720.13728209999999
762.585
Monetary
Authority

General
Government

Banks
717.76760999999999
720.13728209999999
762.585
Other Sector 0

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

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

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 0

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
Return
to Menu
Table
D.3.1:
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 1016.3623656100001 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
47081.9

42075.67
41410.1
40667.03

33131.83
33246.07
33221.8000000000

34136.57
33857.370000000003 35197.4400000000

45824.443752799998 47295.845573990002 47884.1245184799

40667.56
36923.61
37399.22

32385.71
29566.99
29357.21

27607.85
27568.38
27336.38

28592.98
29975.38
29996.38
Source:
Central
Bank of
Nigeria
Return to
Menu
Table
D.3.2:
External
Reserves
Adequacy
- Months
of Import
Cover
Year

January
15.738384256382394 19.644548828834367 8.979609852963
February
18.984322949226943 20.39503879345634
10.47961856947
March
20.834805193454621 18.336926142743646 8.679034179959
April
15.965502773035022 19.401204938999953 11.33212124424
May
15.185164730406214 16.867966066994803 9.925777942641
June
13.66405711972169
14.708910778312603 9.308188862473
July
14.055428291992904 13.173435754245466 9.631110958709
August
17.406673363318596 12.849623814044481 8.554396970654
September 17.821509011148351 16.705001235145936 6.656658140092
October
14.972816361145552 14.985504911927269 8.911897187480
November 16.037767351254086 14.588039326673846 7.636644000114
December 19.335483053639024 14.574012506881619 8.400363369666
Average
16.666826204560447 16.352517758188363 9.041285106539
Source:
Central
Bank of
Nigeria
Return to
Menu
Table
D.4.1:
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

157.30124761904761
157.29941999999997
157.3115

157.2916285714285
157.30749999999995
157.3007666

169.68
179.74
197.07

305.20238095238096
305.3125
306.4021739
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 Retail
Dutch
Auction
System
(RDAS)
commenced
on October
2, 2013
The
Exchange
Rate from
August
2005,
includes 1%
Commission
up to 18th
February,
2015.
The RDAS
segment of
the Foreign
Exchange
Market was
closed on
February
18, 2015
while the
Interbank
Exchange
Rate
became the
reference
official rate.
Return to
Menu
Table D.4.2:
Monthly
Average
(Official/
AFEM1/
DAS2)
Exchange
Rate 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

155.24380952380952 155.24200000000002 155.25399999

155.2342857142857
155.25
155.24333333

167.5
178.15
196.57999999

196.5
196.5
196.5

304.70238095238096 304.8125
305.90217391
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
The Retail
Dutch
Auction
System
(RDAS)
commenced
on October 2,

The RDAS
segment of
the Foreign
Exchange
Market was
closed on
February 18,
2015 while
the Interbank
Exchange
Rate became
the reference
official rate.
Return to
Menu
Table
D.4.3:
Naira
Official
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
Return to
Menu
Table D.4.4:
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

112.025185167299
161.10488241500369

120.97933280005019 182.05777000193441

129.43227183929301 211.19989348192203

133.50007626980823 244.52375294410265

131.63914600000001 238.7723115

127.38235069067501 234.73625704921281

124.61179331515679 249.42309325218821

117.69367934479918 218.24685578597405

147.3958325833523
230.64754672353232

148.81266523398418 230.09068432223503

152.32966997478326 244.26000961870807

155.94017965367968 247.05827696836789

155.75372515527951 243.67300419506557

156.98281673881675 258.57615681816378

192.30156881313133 294.12231111181126

Q1

281.93581515873018
Q2
208.58712121212122 298.97426099206348
Q3
303.17588566827698 398.5272007628825
Q4
305.2060007974481
378.86385708532697

Q1
305.6390182884748
378.54211251035196
Q2
305.76779100529092 391.17831262433873
Q3
305.80537939050527 400.67121781010496
Q4
305.94741462241456 406.0597636820587
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
Germany,
France and
The
Netherlands
effective 1st
January
1999.
Return to
Menu
Table
D.4.5:
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
Return to
Menu
Table D.4.6:
End Period
Naira Cross
Exchange
Rates -
Selling
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

113.45
164.321

126.9
204.55009999999999

244.01070000000001

132.85
256.70609999999999

222.4863

249.38990000000001

116.8
234.0205

131.25
191.20500000000001

148.1
239.93680000000001

148.81266523398418 230.09068432223503

156.69999999999999 242.3366

155.75666666666666 250.98633333333336

155.73750000000001 245.51141625

262.24799999999999

291.93430000000001

Q1

283.1678
Q2

380.21049999999997
Q3
305.25
395.42085000000003
Q4

375.18049999999999

Q1
306.35000000000002 382.50861000000003
Q2
305.89999999999998 397.11937999999998
Q3
305.75
409.307525
Q4

413.65079999999995
Source:
Central
Bank of
Nigeria
Notes: 1The
Euro
became the
official
currency for
Germany,
France and
Netherland
effective 1st
January
1999.
The Inter
Bank
Foreign
Exchange
Market
(IFEM)
started on
the 25th
October,

Previous
rates were
Autonomous
Foreign
Exchange
Market
(AFEM)
rates
Return to
Menu
Table
D.4.7:
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

158.62049999999999 157.459
157.5701

157.29740000000001 157.3075
157.3075

157.3075
157.3075
157.29740000000

169.68
199.8

305.25
305.5
306.35000000000
Source :
Central
Bank of
Nigeria
Return to
Menu
Table
D.4.8:
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

Return to
Menu
Table D.4.9:
Computed
Relative
Purchasing
Power Parity
(RPPP)
Exchange
Rate with
Percentage
Overvaluation
and
Devaluation
Period
Exchange Rates
RPPP
% Overvalu
Undervalua
Jan 1981
0.5323
0.55981522867432132 5.16912054
Feb 1981
0.54690000000000005 0.56819982565174088 3.89464722
Mar 1981
0.57220000000000004 0.5924172228900727
3.53324412
Apr 1981
0.59940000000000004 0.63522617880019994 5.97700680
May 1981
0.59940000000000004 0.6857997304765292
14.4143694
Jun 1981
0.59050000000000002 0.68894512360313476 16.6714857
Jul 1981
0.59919999999999995 0.68601414017037299 14.4883411
Aug 1981
0.66800000000000004 0.64371834891945146 -3.6349777
Sep 1981
0.66710000000000003 0.74948698451602636 12.3500201
Oct 1981
0.66090000000000004 0.7219566591447969
9.23841112
Nov 1981
0.64880000000000004 0.71216815857027438 9.76697881
Dec 1981
0.63560000000000005 0.69238522156148097 8.93411289
Jan 1982
0.64370000000000005 0.6849665364094274
6.41083368
Feb 1982
0.65590000000000004 0.6729660176991149
2.60192372
Mar 1982
0.6643
0.68148565455427479 2.58703214
Apr 1982
0.66959999999999997 0.68990073357417947 3.03177024
May 1982
0.66959999999999997 0.67980753062975474 1.52442213
Jun 1982
0.67559999999999998 0.67832183494447773 0.40287669
Jul 1982
0.6794
0.67499227732080413 -0.6487669
Aug 1982
0.68100000000000005 0.6707004341832854
-1.5124178
Sep 1982
0.68430000000000002 0.63621118063687077 -7.0274469
Oct 1982
0.68979999999999997 0.68348341288771131 -0.9157128
Nov 1982
0.68920000000000003 0.69482087609990373 0.81556530
Dec 1982
0.67200000000000004 0.70350685501458587 4.68852009
Jan 1983
0.67359999999999998 0.69185956681438721 2.71074329
Feb 1983
0.69169999999999998 0.70516613700873243 1.94681755
Mar 1983
0.69989999999999997 0.7320768876634709
4.59735500
Apr 1983
0.70479999999999998 0.77055226959709078 9.32920964
May 1983
0.70479999999999998 0.78442878902827817 11.2980688
Jun 1983
0.72719999999999996 0.80831157748334359 11.1539572
Jul 1983
0.74470000000000003 0.85869079030574258 15.3069410
Aug 1983
0.74860000000000004 0.91469827901991985 22.1878545
Sep 1983
0.74860000000000004 0.94032638352630371 25.6113256
Oct 1983
0.74860000000000004 0.94264191873837488 25.9206410
Nov 1983
0.74860000000000004 0.95930744731887352 28.1468671
Dec 1983
0.74860000000000004 0.97025344677756031 29.6090631
Jan 1984
0.74860000000000004 1.0008526040602783
33.6965808
Feb 1984
0.74860000000000004 1.0027707096499439
33.9528065
Mar 1984
0.74860000000000004 0.98129447573217454 31.0839534
Apr 1984
0.74860000000000004 0.98203951965570235 31.1834784
May 1984
0.74860000000000004 1.1425164861082686
52.6204229
Jun 1984
0.75429999999999997 1.0827565685827498
43.5445537
Jul 1984
0.76759999999999995 1.0676089171914493
39.0840173
Aug 1984
0.76759999999999995 1.0617097737264813
38.3154994
Sep 1984
0.76819999999999999 1.0670866198047531
38.9073964
Oct 1984
0.77480000000000004 1.065493688852521
37.5185452
Nov 1984
0.79569999999999996 1.0125291223617485
27.2501096
Dec 1984
0.80810000000000004 0.99237232969423228 22.8031592
Jan 1985
0.82030000000000003 0.95327826118316028 16.2109302
Feb 1985
0.84770000000000001 0.97117142492102126 14.5654624
Mar 1985
0.87460000000000004 1.0037586804072309
14.7677430
Apr 1985
0.88249999999999995 1.0116609033875852
14.6357964
May 1985
0.89170000000000005 0.86922472977184706 -2.5204968
Jun 1985
0.89510000000000001 0.89293680690735122 -0.2416705
Jul 1985
0.89510000000000001 0.89542924710032723 3.67832756
Aug 1985
0.89690000000000003 0.86259878497154241 -3.8244191
Sep 1985
0.91569999999999996 0.84014694819571156 -8.2508520
Table D.4.9:
Computed
Rleative
Purchasing
Power Parity
(RPPP)
Exchange
Rate with
Percentage
Overvaluation
and
Devaluation
Period
Exchange Rates
RPPP
% Overvalu
Undervalua
Oct 1985
0.92249999999999999 0.843319457833546
-8.5832566
Nov 1985
0.9234
0.87853659917603288 -4.8585012
Dec 1985
0.95950000000000002 0.89054726892964653 -7.1863190
Jan 1986
0.99960000000000004 0.93415729364410016 -6.5468893
Feb 1986
0.99960000000000004 0.93888257730529889 -6.0741719
Mar 1986
1.0016
0.96975318032886648 -3.1795946
Apr 1986
1.0135000000000001
0.94567033409270052 -6.6926162
May 1986
1.0341
0.96213464298602391 -6.9592260
Jun 1986
1.1249
1.0322990374839673
-8.2319283
Jul 1986
1.2694000000000001
1.1382726745324661
-10.329866
Aug 1986
1.3293999999999999
1.3502646918316579
1.56948185
Sep 1986
4.6406000000000001
1.4562155420530858
-68.620102
Oct 1986
4.1203000000000003
5.1483508078658424
24.9508727
Nov 1986
3.5310999999999999
4.5243044534795755
28.1273386
Dec 1986
3.1827999999999999
3.9357658502571011
23.6573410
Jan 1987
3.6471
3.5775685071914092
-1.9064871
Feb 1987
3.7014
4.1602444752522496
12.3965114
Mar 1987
3.9213
4.0978548210942369
4.50245635
Apr 1987
3.9054000000000002
4.3577326895468724
11.5822371
May 1987
4.1616999999999997
4.2890592955800262
3.06027093
Jun 1987
4.0506000000000002
4.4223502365423304
9.17765853
Jul 1987
3.8081
4.2555820107916169
11.7507946
Aug 1987
4.0808999999999997
3.9391917859883208
-3.4724745
Sep 1987
4.2073
4.112853355704698
-2.2448279
Oct 1987
4.2760999999999996
4.2929144864538369
0.39322014
Nov 1987
4.2889999999999997
4.4628770178616612
4.05402233
Dec 1987
4.1664000000000003
4.5051311139636567
8.13006705
Jan 1988
4.1748000000000003
4.377771388199629
4.86182303
Feb 1988
4.2610999999999999
5.2558355567235315
23.3445719
Mar 1988
4.3169000000000004
5.7148966999511499
32.3842734
Apr 1988
4.2023000000000001
5.9457623583759291
41.4882887
May 1988
4.1102999999999996
6.2003336728965603
50.8486892
Jun 1988
4.1913
6.297466574969933
50.2509143
Jul 1988
4.6086999999999998
6.5474128566465986
42.0663713
Aug 1988
4.5830000000000002
7.3787867415902877
61.0034200
Sep 1988
4.7167000000000003
7.3850804487070327
56.5730372
Oct 1988
4.7747999999999999
7.5017663532628154
57.1116351
Nov 1988
5.1478999999999999
7.2866463461971334
41.5459963
Dec 1988
5.3529999999999998
7.9504019019251775
48.5223594
Jan 1989
7.0388999999999999
8.2643942248269955
17.4103087
Feb 1989
7.3822999999999999
10.099000517242255
36.8001912
Mar 1989
7.5871000000000004
10.531847742551175
38.8125600
Apr 1989
7.5808
11.327555167172015
49.4242714
May 1989
7.5050999999999997
11.338635728287874
51.0790759
Jun 1989
7.3471000000000002
11.092760738842752
50.9814857
Jul 1989
7.1387999999999998
11.202407232396885
56.9228334
Aug 1989
7.2592999999999996
10.163548837821853
40.0072849
Sep 1989
7.3400999999999996
10.149179643832797
38.2703184
Oct 1989
7.3933999999999997
10.19807727538695
37.9348780
Nov 1989
7.5037000000000003
10.511901288323603
40.0895729
Dec 1989
7.6220999999999997
10.359008693801577
35.9075411
Jan 1990
7.8620999999999999
10.537200322441699
34.0252645
Feb 1990
7.9009
9.5833474395554497
21.2943770
Mar 1990
7.9387999999999996
9.1938670257510733
15.8092788
Apr 1990
7.94
8.6153056606082892
8.50510907
May 1990
7.94
8.1767954440811081
2.98231037
Jun 1990
7.9424000000000001
8.024508417664002
1.03379857
Jul 1990
7.9523000000000001
7.6184007165334808
-4.1987762
Aug 1990
7.9622999999999999
7.8583667219680962
-1.3053172
Sep 1990
7.9743000000000004
7.8793017373175829
-1.1913053
Oct 1990
8.0089000000000006
7.7212607101106405
-3.5914955
Nov 1990
8.3246000000000002
7.73054117813974
-7.1361845
Dec 1990
8.7071000000000005
8.0593340250124932
-7.4395145
Source:
Central Bank
of Nigeria
Return to
Menu
Table
D.4.10:
Bilateral
Real
Exchange
Rate
China
India
USA
M1 2008 20.967232461769125 3.0213377032356985 145.52741729192
M2 2008 21.472359252611525 3.0080710885532693 145.54288366112
M3 2008 21.500242888518329 2.981744739556369
145.63743960264
M4 2008 21.447903565343751 2.9830313926596834 144.32458891332
M5 2008 20.957607587357472 2.7981862144092138 142.67578086959
M6 2008 20.335980928313759 2.6748701191684892 139.03135476213
M7 2008 19.926141075732797 2.6710568737788321 136.68730910264
M8 2008 19.406822190165851 2.6710583534788572 134.56067074356
M9 2008 19.346839005786212 2.5059258635808384 132.87346654643
M10

19.370356327782382 2.3951556479566465 132.43397813513
M11

19.141871629781726 2.3791761307331964 129.95622274394
M12

22.095771817685851 2.6587582296712036 143.61337088079
M1 2009 24.683985255661089 2.9190379041314038 157.93093971197
M2 2009 24.840967862790553 2.9012514508659608 159.12703901571
M3 2009 24.50264849719812
2.7686554459621466 158.30934569091
M4 2009 24.478608575334068 2.8598728006274019 158.05205640336
M5 2009 24.171801728147038 2.931675451586468
156.47910899955
M6 2009 23.673572893395029 2.9648635612093504 155.07266164504
M7 2009 23.191891491278
3.0537066474186796 154.73943122921
M8 2009 22.83232205956968
3.0902361803023002 154.53835829475
M9 2009 22.009714019721791 3.013568167734177
150.19033099606
M10

22.063096787175663 3.185441791400732
151.43372071964
M11

21.940022402758625 3.2165839936438405 149.79310000000
M12

21.843075160491534 3.1575085859413474 146.09550902225
M1 2010 22.087306398686806 3.2477104575061668 146.03368034240
M2 2010 22.241205935416133 3.1224180158954722 143.22243187850
M3 2010 22.948039561404343 3.2033526152421321 144.89312908515
M4 2010 23.26065179003999
3.2291843505036151 143.10410881727
M5 2010 24.004813395222836 3.1770106625599079 143.38244761811
M6 2010 23.99027764709615
3.0661994009656559 138.89599712730
M7 2010 24.691114458701769 3.0892303144389568 137.62590048278
M8 2010 25.168818784470911 3.0657314985596247 135.98386996323
M9 2010 26.242170562792452 3.1147869861273905 135.96821231142
M10

27.357109725903683 3.2284521485257063 134.54556748088
M11

28.850391624850126 3.2052848079535035 134.70629631893
M12

29.834769370500602 3.2169083456340255 133.66995131945
M1 2011 19.823513230339316 3.2382932384559191 133.71800689983
M2 2011 19.969587706544754 3.157908863107131
133.29931777235
M3 2011 19.840890619151317 3.166231243587621
133.62578142473
M4 2011 20.259880929619246 3.2744112957740885 136.42088975292
M5 2011 20.288695847866407 3.2394458273976108 136.50974133735
M6 2011 19.973668996701225 3.2072152097008733 133.41791989914
M7 2011 19.877712251737858 3.267241078457781
131.92376219348
M8 2011 19.824502652960504 3.1780437008645932 130.48987244530
M9 2011 20.210610844225396 3.0995079148500584 132.06745629180
M10

19.646683033709916 2.9140222533373543 127.47559330266
M11

20.439975178069645 2.9494699610541257 132.39583992611
M12

20.370854786984125 2.7964960664118204 131.02759282458
M1 2012 20.094957506111701 2.7962950618538782 127.64898748500
M2 2012 19.932289012355341 2.9070346544639727 126.98242699703
M3 2012 19.642535207563231 2.8252352164748182 126.00581182594
M4 2012 19.591791677954863 2.7892806456354218 125.94799093562
M5 2012 19.370654002220999 2.646436994812523
124.89276212572
M6 2012 19.035115351562563 2.5722903226453004 123.48280801927
M7 2012 18.965797999654271 2.6374721955580611 122.84111457671
M8 2012 18.909921010506309 2.6411082129700847 122.67390201036
M9 2012 18.770431760847689 2.6721233776471345 121.95392394116
M10

18.656875703533252 2.7520960450691621 120.80294811771
M11

18.645357759295109 2.6619419513756912 119.58466318199
M12

18.654521525723549 2.6597241238891498 118.33408471931
Table
D.4.10:
Bilateral
Real
Exchange
Rate
China
India
USA
M1 2013 18.760599450598058 2.6802608090483044 117.96655957437
M2 2013 18.808445864022843 2.7053839189163806 118.05126620036
M3 2013 18.536272802592922 2.6601176235116082 117.52342442298
M4 2013 18.549219699165555 2.6619864579271071 116.75805240970
M5 2013 18.469938445208651 2.6332149679196375 116.17686517530
M6 2013 18.444056508515747 2.521631349068314
115.77850989347
M7 2013 18.359716121996144 2.4883357238897643 115.21646872962
M8 2013 18.400048411618602 2.3769449814698955 115.06959640858
M9 2013 18.447214474941518 2.3659750822094407 114.32919420023
M10

18.385487049357248 2.4541519745857845 113.22103689051
M11

18.237105407184568 2.4271656911566328 112.13587168984
M12

18.203872090487145 2.398599299095971
111.24988172902
M1 2014 18.326753638262282 2.3589416216160175 110.97639407781
M2 2014 18.304737376121544 2.3405643659568276 110.83935100550
M3 2014 17.995719834924451 2.3819077193405676 110.67407277598
M4 2014 17.768649123847634 2.4118448308920599 110.35582318062
M5 2014 17.62473203547453
2.4504675357923853 109.88589711856
M6 2014 17.492449816744859 2.4330990869666294 109.24222106525
M7 2014 17.348505419706054 2.4557751242646946 108.49956603802
M8 2014 17.314970513647818 2.4326367426635844 107.79959793463
M9 2014 17.337651617552744 2.4167775061589443 107.30050582861
M10

17.273472731278865 2.3859840400723291 106.49963592753
M11

18.141302559109132 2.4978562533847737 111.54376103750
M12

18.449239176182083 2.4664065709361505 112.02331999437
M1 2015 18.332248580057058 2.4683598433623821 110.56162987966
M2 2015 21.487504520249448 2.8748428955334893 128.71438709725
M3 2015 21.022875182292005 2.8279019611685263 127.67825440935
M4 2015 20.876579139012154 2.8041315757231851 126.95010992236
M5 2015 20.665665094141037 2.7483986374214289 126.21460323359
M6 2015 20.46407627602575
2.7512266967343404 125.45961860027
M7 2015 20.397670215164197 2.7560677483139715 124.63923503448
M8 2015 19.773385653824082 2.7053888540397115 123.72618256633
M9 2015 19.469852493642176 2.6546559080279661 122.76049132245
M10

19.387874024838975 2.7064111799514974 122.22284034845
M11

19.215050819680396 2.6559107535271274 121.16508667619
M12

18.862019500420079 2.6006325522012714 119.56006713374
M1 2016 16.047109148682804 2.5335866859053309 118.73033107052
M2 2016 16.004362231027685 2.4440975016163811 116.15664985295
M3 2016 15.780383420461479 2.4743124098289706 114.17124842961
M4 2016 15.459244639174143 2.4535020930154268 112.89163666502
M5 2016 14.75846183970712
2.3875858702806476 110.31927822332
M6 2016 20.615603676772796 3.3905307307355304 156.33079913368
M7 2016 22.533455682785259 3.7643980271765241 170.48298559057
M8 2016 21.746260338488256 3.6461497229343571 165.13706099040
M9 2016 21.691035569652335 3.6193656571586548 163.77872255597
M10

21.160925536526978 3.5901754073350562 162.52032021569
M11

20.667396175913389 3.4708989954699394 161.03880855561
M12

20.296143043283863 3.4412788327631576 159.35692030224
M1 2017 23.593713524854081 3.4150995510186157 158.85521194881
M2 2017 23.260499394453198 3.4300612590803405 157.15405462307
M3 2017 22.788435374796645 3.4852582425068426 155.02818241764
M4 2017 22.367565587224362 3.4652916326855854 152.76467041352
M5 2017 22.12714634710915
3.3875677346901552 149.88844081387
M6 2017 21.924355613936697 3.345235717044404
147.91493759075
M72017
21.800438105902753 3.3237177445360793 145.91619187715
M8 2017 22.140881018451061 3.300519486089085
145.04418323923
M9 2017 21.914495497055608 3.2085292279851143 144.62942094981
M10

21.837632677811921 3.2109921915070623 143.46860501851
M11

21.752004219327947 3.2059915530830509 142.45245139674
M12

22.004689448072213 3.3256887772529131 141.52906634189
Source:
Central
Bank of
Nigeria
Return to
Menu
Table D
4.11:
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.
Return to
Menu
Table D
4.12a:
Nominal
Effective
Exchange
Rate
Indices
for
Nigeria1
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.4.12b:
Nominal
Effective
Exchange
Rate
Indices
for
Nigeria2
Period
January
February
March

80.891867499592436 80.836618152351107 82.266571248087

88.624938150607932 87.782365990220626 87.205877590416

98.810874466542003 96.596688816698489 96.755616575817

99.396982424354803 100.36232765531318 102.32699700839

100.42941372630516 101.68266819012054 100.84626699959

97.937559355744654 98.078686700892078 96.573787743411

93.981626680427951 93.923347901193722 94.846196211870

93.413563868566456 107.44080170718699 103.69030824662

97.763236290626494 97.871312790667545 101.57725460406

153.29259183947147 153.32521170117832 154.53657384409
Source:
National
Bureau of
Statistics
Note:
1Base
period:
May 2003
2Base
period:
November

Return to
Menu
Table
D.4.13a:
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.4.13b:
Real
Effective
Exchange
Rate
Indices
for
Nigeria2
Period
January
February
March

95.826218763328185 96.171031267262322 97.857643691009

95.795919298820337 94.641686913849881 93.553660555249

96.801708385512597 93.400325606964216 95.170532412471

89.322328872724739 89.663822546152019 90.636102365254

83.142248446465302 84.304149492396803 82.767908668803

77.255019132493331 77.275206373417035 75.728935689408

70.888854654985039 70.75737303834633
71.150483498182

66.466240380771083 76.353096402162578 73.372332266856

65.296754653842271 64.18917490534055
65.418614506847

88.753917165686275 87.70817551026731
87.026964802562
Source:
National
Bureau of
Statistics
Note:
1Base
period:
May 2003
2Base
period:
November

Return to Menu
Table D.5.1:
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
Return to Menu
Table D.5.2:
Sectoral
Utilization of
Foreign
Exchange for
Transactions
Valid for
Foreign
Exchange (US$'
Million) -
Continued
Category

A. Imports
30148.793156699994
23761.042949590003
23824.98
1. Industrial
Sector
10552.50589511
7378.0856080199992
6174.059
2. Food
Products

Manufactured
Products
6810.4167786199987
6027.5092574999999
5281.140
4. Transport
Sector
1672.0554395700003
1564.0594766900003
1471.882
5. Agricultural
Sector
364.03508297999991
271.72199598999998
314.2300
6. Minerals
302.14445004999988
154.74221347000002
194.8830
7. Oil Sector
6473.1356678799993
4931.1234444299998
6007.683
B. Invisibles
18176.659245709998
8835.3720996899992
9545.882
1. Business
Services

Communication
Services
839.31638873000009
345.48715919000006
287.9556
3. Construction
& Related
Engineering
Services
37.413173869999994
42.385296469999986
133.7660
4. Distribution
Services
66.544015459999997
44.498547930000001
62.62379
5. Educational
Services

Environmental
Services

0.13324577999999998 0.107677
7. Financial
Services
14287.01599706
5882.9528022800005
6625.504
8. Health
Related &
Social Services
7.008385549999999
4.3274800900000017
0.940223
9. Tourism &
Travel Related
Services

Recreational,
Cultural &
Sporting
Services
0.43529717000000001 0.36969889000000006 0.163139
11. Transport
Services
534.18140650999999
711.99466669000003
787.1524
12. Other
Services not
Included
Elsewhere
103.98613160999999
112.58054179
64.50257
Total (A + B)
48325.452402409996
32596.415049280004
33370.86
Source: Central
Bank of Nigeria
Return to
Menu
Table
D.5.3:
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
Table
D.5.3:
Supply of
Foreign
Exchange
(US$'
Million)
continued
Month

January
840.26
1163.3900000000001 1279.889999999
February
1544.59
707.52
3191.4
March
1687.27
603.16999999999996 3141.31
April
947.76
826.1
2622.52
May
1739.67
1380.79
3112.08
June
1901.83
1460.78
2103.67
July
1747.32
2211.7800000000002 1815.81
August
1110.79
2046.23
3065.529999999
September 1180.17
1380.3
2460.83
October
748.09
4398.1499999999996 1743.05
November 1175.5
4357.88
1788.96
December 1446.7
957.53
1206.21
Source:
Central
Bank of
Nigeria
Notes: ...
Indicates
"not
available"
The
supply
figures
include
foreign
exchange
sold to
Bureauxde-Change
which
started
from
April,

Return to Menu
Table D.6.1: Cash
Flow (US$ Million)
CATEGORY

INFLOW
35402.19
51235.969999999994 58715
A. Through the
Central Bank
24971.74
35081.42
36727
1. Oil
23527.200000000001 32601.65
33138
2.Non-oil
1444.54
2479.7699999999995 3588.
Drawings on Loans/
Grants
RDAS/WDAS
Purchases
221.48
865.4
Swaps
Interest on Reserves &
Investments
Interest Repatriated
from overseas
Refund on World
Bank/IBRD/IMF
Loans/SDR Allocation
Cash Swap IRO BDC
Sales
Eurobond proceeds -
fixed income
securities)
Returned Payments
[Wired/Cash]
Untilised funds from
DAS
Recovered Funds
Other official Receipts 1444.54
2258.29
2723.
CBN Interbank
Transactions
Return of Unutilised
IMTO Funds
TSA and Third Party
Funds
OTHERS (FGN Loans)
B. Through
Autonomous Sources
10430.450000000001 16154.550000000001 21988
1. Non-oil exports
699.85000000000014 701.13
911.0
2. Capital Inflow
297.70999999999998 397.56
145.9
3. Invisibles
9432.8900000000012 15055.86
20931
(a) Ordinary
Domiciliary Accounts
(b) Total OTC
Purchases
Oil Companies
Capital Importations
Home Remittances
Other OTC Purchases
OUTFLOW
15847.160000000002 24843.53
24716
A. Through the
Central Bank
15342.240000000002 24309.83
24321
1. WDAS/RDAS
Utilisation
9523.9599999999991 10668.490000000002 12605
WDAS/RDAS Sales
Inter-bank FWD
BDC Sales
Inter-bank Sales
Swaps
Invisibles IFEM
2. Drawings on L/C
140.93
285.76000000000005 364.2
3. External Debt
Service
1757.1099999999997 8898.4700000000012 6832.
Principal
1479.8200000000002 8590.19
6551.
Interest
224.69
176.88
143.3
Others
52.600000000000009 131.4
136.8
Professional fees/
Commission
4. Govt and
International Grants /
Contributions,Grants&
Equity Invests.(AFC
EQUITY
PARTICIPATION)
5. National Indpt
Priority Projects
(NIPP)
125.24000000000002 87.16
84.9
6. Forex Special
Payment (Cash Swap/
FX Advance/To
MDAs)
7. Other Official
Payments
3794.9999999999991 4369.95
4434.
Int'l Organisations &
Embassies
200.63
300.3
210.8
Estacode
917.8599999999999
924.79
1420.
Parastatals (PUBLIC
SECTOR USES)
Joint Venture
Company (JVC) Cash
Calls
1963.74
2317.8700000000003 2476.
Miscellaneous (CBN
USES)
712.77
826.9899999999999
326.6
8. Bank Charges
9. NSIA Transfer
10. Funds returned to
remitters
11. 3RD PARTY MDA
TRANSFER
B. Through
Autonomous Sources
504.92
533.70000000000005 394.5
1. Imports
460.49000000000012 429.38000000000005 386
2. Invisibles
44.429999999999993 104.32
9.559
NETFLOW THROUGH
THE CBN
9629.4999999999982 10771.590000000002 12405
NETFLOW THROUGH
AUTONOMOUS
SOURCES
9925.5299999999988 15620.85
21593
NETFLOW
19555.03
26392.44
33999
Source: Central Bank
of Nigeria
Return to
Menu
Table
D.7.1.1:
Capital
Importation
By Type of
Investment
(US$
Million)

Q1
Q2
Q3
Foreign
Direct
Investment
- Equity
536.69430405000014
313.48661547000006
177.4632405
Foreign
Direct
Investment
- Other
capital
16.967210000000001
39.497055579999994
162.7171560
Portfolio
Investment
- Equity
932.40915021000001
959.29149516999996
812.1221467
Portfolio
Investment
- Bonds
0.1
13.29823
33.74695960
Portfolio
Investment
- Money
market
instruments
74.692008999999999
282.507408
248.779436
Other
Investments
- Trade
credits

Other
Investments
- Loans
237.93054664000002
626.36393129999999
176.9213977
Other
Investments
- Currency
deposits
Other
Investments
- Other
claims
24.372601449999998
Total
1823.1658213500004
2234.44473552
1611.750336
Table
D.7.1.1:
Capital
Importation
By Type of
Investment
(US$
Million)
continued

Q3
Q4
Q1
Foreign
Direct
Investment
- Equity
544.20985938000001
767.82745392000004
394.5551993
Foreign
Direct
Investment
- Other
capital
0.29383300000000001 1.02858933
5.093999999
Portfolio
Investment
- Equity
3770.3714710900003
1542.07634351
1139.382662
Portfolio
Investment
- Bonds
1000.2772640000001
229.48008960999999
705.1180765
Portfolio
Investment
- Money
market
instruments
357.09866958999999
231.54491860999997
16.14460391
Other
Investments
- Trade
credits
5.0828810000000004
0.87705299999999997
Other
Investments
- Loans
349.92833274999998
391.00120516999993
384.8347567
Other
Investments
- Currency
deposits
Other
Investments
- Other
claims
515.31464822999999
1335.9053922599999
31.50825073
Total
6542.5769590400005
4499.74104541
2671.594489
Source:
Central
Bank of
Nigeria
Return to
Menu
Table
D.7.1.2:
Capital
Importation
By Location
of
Investment
(US$
Million)

Q1
Q2
Q3
ABIA

ABUJA
(FCT)
17.40709
7.9971153600000005
9.535047
ADAMAWA 0
6.7489999999999994E-2 0
AKWA
IBOM

9.1275999999999996E-3 0
ANAMBRA 8.0464999999999996E-4 1.5270000000000001E-2 0
BAUCHI

1.9849999999999998E-3 0
BENUE

5.525E-2

BORNO

0.17738187

CROSS
RIVER
0.3
3.1106060000000001E-2 0.5
DELTA

0.39999000000000001

EBONYI

EDO

4.644106
ENUGU
25.026872019999999
3.4535050000000005E-2 8.557792
IMO

KADUNA

KANO
0.59593499999999999
3.885E-3
1.009849
KATSINA

KOGI

KWARA

LAGOS
1775.1051746800003
2223.1735642499998
1592.394
NIGER

OGUN
3.45
1.57806533
0.202445
ONDO

OSUN

OYO

RIVERS
1.2799450000000001
0.89997000000000005
3.378585
SOKOTO

YOBE

FOREIGN

TOTAL
1823.1658213500004
2234.4447355199995
1611.750
Source:
Central
Bank of
Nigeria
Return to Menu
Table D.7.1.3:
Capital
Importation By
Country (US$
Million)

Q1
Q2
Q3
AFGHANISTAN

0.80
ALBANIA

ANDORRA

ANGUILLA
0.19999

ANTIGUA AND
BARBUDA

ARMENIA

AUSTRALIA
0.57958200000000004
0.50818633000000002
0.22
AUSTRIA

BAHAMAS
27.901
0.5
1.99
BAHRAIN

BANGLADESH

BARBADOS

0.51
BELGIUM
0.54720137999999996
41.280720000000002
47.8
BELIZE

BENIN

BERMUDA

3.3985000000000001E-2 0
BHUTAN

BOTSWANA

BOUVET
ISLAND

BRAZIL

BRITISH
INDIAN OCEAN
TERRITORY

BRITISH VIRGIN
ISLANDS
1.1849799999999999
0.4
4.73
BRUNEI
DARUSSALAM

BULGARIA

BURKINA FASO 0

CAMEROON

CANADA

2.62
CAYMAN
ISLANDS

CHINA
0.10995000000000001
2.6967566499999998
26.2
CONGO

COTE D-IVOIRE 0

43.7
CYPRUS
31.856336629999998
6.4591484099999992
6.37
CZECH
REPUBLIC

DENMARK
2.494E-2
3.9980000000000002E-2 0.13
EGYPT
24.942843789999998

1.41
FINLAND
1.03132599

FRANCE
17.433512
15.27485027
3.59
GABON

GAMBIA

GEORGIA

GERMANY
32.608478470000001
24.198740359999999
113.
GHANA

GIBRALTAR

GREECE

GUADELOUPE

GUINEA

HONG KONG
2.6787115300000002
1.59431327
0.78
HUNGARY

ICELAND

INDIA
1.8634277800000001
1.870806
1.82
INDONESIA

IRELAND

ISLE OF MAN
2.6026946299999998
0.3
5.11
ISRAEL

ITALY
0.20499999999999999

4.02
JAPAN

JORDAN

KENYA
5.8706170000000002
7.4625000000000004E-3 8.00
KIRIBATI

KOREA,
REPUBLIC OF

Table D.7.1.3:
Capital
Importation By
Country (US$
Million)
continued

Q1
Q2
Q3
KUWAIT

LATVIA

LEBANON
14.297948999999999
1.62026
12.1
LIBERIA

LIBYA

LIECHTENSTEIN 0

LUXEMBOURG
10.592615370000001
2.9837760499999999
5.52
MALAYSIA
7.0000000000000007E-2 0.12

MALTA

MARSHALL
ISLANDS

MAURITANIA

MAURITIUS
64.625330680000005
55.41740111
18.8
MEXICO

MONACO
0.14000000000000001

MOROCCO

NAMIBIA

NETHERLANDS
168.41604178
498.88139458000001
74.9
NETHERLANDS
ANTILLES

7.4980000000000005E-2 0
NEW ZEALAND

NIGER

NIUE

NORWAY

OMAN

PANAMA

1.1280303300000001
0.15
PHILIPPINES

PITCAIRN

POLAND

0.1

PORTUGAL

PUERTO RICO
0.99997000000000003

QATAR

REPUBLIC OF
SOUTH AFRICA
25.513776239999999
143.03820163
39.1
ROMANIA

RUSSIAN
FEDERATION

RWANDA
4.9959000000000003E-2 0

SAINT KITTS
AND NEVIS

SAO TOME &
PRINCIPE

SAUDI ARABIA
2.11633987
1.6236991000000001
0.63
SENEGAL

SEYCHELLES

SIERRA LEONE

SINGAPORE
25.765339999999998
4.97179649
39.8
SLOVAKIA

SLOVENIA

SPAIN
0.14130000000000001

SRI LANKA

SWAZILAND

SWEDEN
25.841965999999999

13.9
SWITZERLAND
7.51399141
24.771554429999998
7.23
SYRIAN ARAB
REPUBLIC

TAIWAN,
PROVINCE OF
CHINA

THAILAND
1.9799800000000001
0.89997000000000005
2.91
TOGO

TOKELAU

TUNISIA

TURKEY

UGANDA

UKRAINE

UNITED ARAB
EMIRATES
5.179752109999999
7.1653148600000005
2.52
UNITED
KINGDOM
999.03079713
1062.4720477000001
781.
UNITED
REPUBLIC OF
TANZANIA

UNITED STATES 314.25012156000003
334.01136045000004
353.
UNITED STATES
VIRGIN
ISLANDS

URUGUAY

VIETNAM

ZAMBIA

ZIMBABWE

TOTAL
1823.16582135
2234.4447355200004

Source: Central
Bank of Nigeria
Return to Menu
Table D.7.2: Coordinated Direct
Investment Survey
(Naira Million)

Country
Total Inward Direct
Investment
Total Equity Inward
(Net)
To
Afganistan
0.01

0.
Algeria
6.0919999999999996

6.
Angola
9.7219999999999995

9.
Asia
94.799000000000007

Australia
13.206

Bahamas
2465.2324199999998
2465.2324199999998

Bahrain
1.8759999999999999

1.
Belgium
7237.4827360000008
6892.9147360000006

Benin
133.27500000000001

Bermuda
1906076.3955399999
1068626.1409400001

Botswana
0.04

0.
Brazil
365.46563000000003
326.77463

British Virgin
Island
657803.52490600001
20370.908251999997

Burkina Faso

Cameroun
40.929000000000002

Canada
-3302.9632000000001
-3756.5912000000003

Cayman Islands
38115.471740000001
7416.8677400000006

China
2146298.744224932
2090333.9339249323

Congo
0.94499999999999995

0.
Cote D'Ivoire
2045.6410000000001
1490.0630000000001

Cyprus
69013.69640999999
9594.1393599999992

Denmark
4871.9910999999993
1975.3711000000001

Egypt
11.608000000000001

Equitorial Guinea
-35.015010000000004
-35.015010000000004

Eritrea
8.0120000000000005
8.0120000000000005

Finland
538.24400000000003
68.257999999999996

France
901831.40334100008
614804.11516100017

Fremley

Gabon
277.11099999999999

Gambia
22.574999999999999
22.574999999999999

Germany
20072.882595499999
13190.933595500001

Ghana
19111.285188769994
16693.064828769999

Gibraltar
2332.3220300000003
687.89702999999997

Greece
11327.212
11327.212

Guerrsey
473.077
473.077

Guinea
0.02

0.
Guinea Bissau
7.2999999999999995E-2 0
7.
Gulf
209.298

Hong Kong
5455.5082000000002
5397.2341999999999

Hungary
33.17
33.17

India
62669.663827770004
61352.73282777

Indonesia
2.411

2.
Ireland
1789.5885499999999
209.64155

Isle of Man
1674.1961999999999
1674.1961999999999

Israel
133047.77053000001
133047.77053000001

Italy
758044.75775679993
234483.45275680002

Japan
2130.8524397000001
1889.7664397000003

Jordan
424.46379999999994
424.46379999999994

Kazakhstan
1632.4829999999999

Kenya
82353.799714799999
82346.897714799998
6.
Kuwait
166.572
166.572

Lebanon
909317.95234338997
721431.11546533997

Liberia
13472.856800000001
13472.856800000001

Libya
1132.9059
761.04489999999998

Luxemburg
10999.431919999999
-125.62408000000008

Madeira Island
337.99599999999998
337.99599999999998

Malaysia

Mauritius
141812.773082
140147.21208199998

Mexico
1.45

1.
Monaco
4452.0825000000004
4452.0825000000004

Netherlands
2298386.0685930001
1200711.4995929999

Norway
4898.1468399999994
-3252.2796800000001

Others
27285.598752000002
3748.5987519999999

Pakistan
401.56299999999999
374.85399999999998

Panama
141472.39276249998
141472.39276249998

Peachtree
0.48599999999999999

0.
Perth
2.387

2.
Philipines
22.099

Portugal
644.91899999999998
644.91899999999998

Qatar
13815.906000000001

Ireland

Romania
1841.5374999999999
1070.7465

Rwanda
0.223

0.
Saudi Arabia
50029.892899999999
49881.649899999997

Scandinavia
119.508

Senegal

Seychelles
357.62900000000002

Shagar
35.226999999999997

Sierra Leone
1988.9097939999999
1987.964794
0.
Singapore
76101.457618600005
72922.505028600004

Slovakia

South Africa
283993.875856
212941.237376

South Korea
3749.2976014000001
3707.7806014000003

Spain
12000
12000

Sri Lanka
552.31700000000001
552.31700000000001

Sudan
11229.98
-4397.143

Swaziland
4002.4867889000002
4002.4637889000001
2.
Sweden
21718.532415199999
21635.845415199998

Switzerland
499903.15182129998
495168.26146129996

Syria
13.430122649999999
13.101122649999999
0.
Tanzania

Thailand
554.46690000000001
535.7989

Togo
68557.527000000002
42275.711000000003

Trinidad

Tunisia
0.67400000000000004

0.
Turkey
82.522999999999996

UAE
46172.09259
22494.618589999998

Uganda
0.34799999999999998

0.
UK
1493260.2001905402
1266930.2513505402

USA
418770.58185952995
389342.34865952999

Vanuatu
343.60899999999998
343.60899999999998

Vietnam

Yemen

Zambia
1518.758

Total
13402369.174122285
9201587.5181102324

Source: Central
Bank of Nigeria
Table
D.7.2:Consolidated
CDIS (Naira
Million)

Country
Total Inward Direct
Investment
Total Equity Inward
(Net)
To
Afganistan
1.2999999999999999E-2 0
1.
Algeria
1146.6099999999999

Angola
4.88

4.
Asia
8.2219999999999995

8.
Australia
21.725000000000001

Bahamas
2517.0803999999998
2517.0803999999998

Bahrain

Belgium
8860.7251359999991
8617.8671360000008

Benin
144.01300000000001

Bermuda
2015792.0628300002
1051727.24013

Botswana
0.191

0.
Brazil
370.11263000000002
326.77463

British Virgin
Island
956715.49614499998
31672.661549999993

Burkina Faso
1.881

1.
Cameroun
92.343000000000018

Canada
8921.3081999999995
8613.2111999999997

Cayman Islands
41196.224139999998
7702.7401399999999

China
2103060.4809249318
2047670.441624932

Congo
6.44

6.
Cote D'Ivoire
2026.36
1791.1410000000001

Cyprus
76992.922269999995
7748.7051600000004

Denmark
2054.4407000000001
1421.8356999999999

Egypt
273.24700000000001

Equitorial Guinea
10.128
10.128

Eritrea
8.0120000000000005
8.0120000000000005

Finland
449.596
74.393000000000001

France
917280.55728099984
642224.61152100004

Fremley
5.6109999999999998

5.
Gabon
1315.7159999999999

Gambia
22.574999999999999
22.574999999999999

Germany
25193.110995899999
18286.327995900003

Ghana
44545.029364769995
23197.26836477

Gibraltar
685.98291999999992
114.14191999999998

Greece
11327.212
11327.212

Guerrsey
614.80799999999999
614.80799999999999

Guinea
0.53800000000000003

0.
Guinea Bissau

Gulf
5.7510000000000003

5.
Hong Kong
7265.7439999999997
5527.7979999999998

Hungary
33.17
33.17

India
93883.343987769986
90527.254987769993

Indonesia
31.274999999999999

Ireland
3136.5766600000002
-524.52833999999996

Isle of Man
1585.691
1585.691

Israel
70899.62904
70899.558040000004
7.
Italy
761486.35242679995
239483.61142680002

Japan
2168.6550397000001
1978.8980397

Jordan
527.97648000000004
527.97648000000004

Kazakhstan
2114.924

Kenya
91539.420514800018
91522.064514800019

Kuwait
193.5384
193.5384

Lebanon
2030963.3532233902
738744.85734533996

Liberia
48462.794470000001
48462.794470000001

Libya
1309.2501000000002
876.19309999999996

Luxemburg
10317.41568
-590.94732000000033

Madeira Island
314.59199999999998
314.59199999999998

Malaysia
78.728999999999999

Mauritius
156220.15289199995
134245.05289199998

Monaco
3385.0496000000003
3385.0496000000003

Netherlands
2450075.5133979996
1359312.5163980001

Norway
5213.7369900000003
-3128.3150500000002

Others
264951.33750200004
241414.33750200001

Pakistan
501.60199999999998
427.673

Panama
150256.4667625
150201.12221999999

Peachtree

Perth

Philipines
39.695999999999998

Portugal
1259.9504999999999
1259.9504999999999

Qatar
17094.019

Ireland

Romania
2390.328
1164.366

Rwanda
1.2170000000000001

1.
Saudi Arabia
549430.81499999994
549260.80000000005

Scandinavia

Senegal
61.19

Seychelles
813.48500000000001

Shagar
53.460999999999999

Sierra Leone
51533.70033
51522.711329999998

Singapore
85245.945528599987
73249.525498599993

Slovakia
5.9939999999999998

5.
South Africa
397964.19278600003
327221.76878600003

South Korea
3802.1804013999999
3801.8374013999996
0.
Spain
24500
24500

Sri Lanka
867.31600000000003
867.31600000000003

Sudan
11272.006599999999
-4382.2974000000004

Swaziland
0.36099999999999999

0.
Sweden
4115.6707888999999
3927.1977889

Switzerland
590837.51352949999
586132.94021949999

Syria
1629.99205665
1628.2730566499999
1.
Tanzania
2.7330000000000001

2.
Thailand
1216.1342999999999
1189.5653

Togo
68557.527000000002
42275.711000000003

Trinidad
1.089

1.
Tunisia
0.67400000000000004

0.
Turkey
29.756

UAE
62258.523309999997
22985.772309999997

Uganda
0.86099999999999999

0.
UK
1580892.5244175401
1385947.48199754

USA
641946.15175302979
609852.59869302984

Vanuatu
326.65499999999997
326.65499999999997

Vietnam

Yemen
4.8000000000000001E-2 0
4.
Zambia
0.17699999999999999

0.
Total
16476739.584406182
10723841.308660632

Source: Central
Bank of Nigeria
Table
D.7.2:Consolidated
CDIS (Naira
Million)

Country
Total Inward Direct
Investment
Total Equity Inward
(Net)
To
Algeria
6.0919999999999993E-3 0
6.
Angola
-0.16760838

-0
Australia
-8.7631340000000009

-8
Bahamas
-4.3708835499999994
8.0214499999999994E-3 -4
Barbados
-32.098999999999997

-3
Belgium
187.72222525999999
187.60816225999997
0.
Benin
1E-3

1E
Bermuda
523.16849315540003
523.0542211554
0.
British Virgin
Island
524.82817968122799
36.638566681227999

Burundi
-1.4999999999999999E-2 0
-1
Cameroon
-8.4531000000000009E-2 0
-8
Canada
8.726218759
8.2196797589999999
0.
Cayman Islands
41.898844572067802
6.4188445720677993

Chad
2.8100000000000005E-4 0
2.
China
708.44792733675979
708.44792733675979

Congo
-3.3445999999999997E-2 0
-3
Cote D'Ivoire
0.52587194999999998
1.13204595
-0
Cyprus
6.371575
7.1686139999999998
-0
Denmark
2.8635536175904197
2.7828496175904203
8.
Egypt
0.72243899999999994
0.38875400000000004
0.
Equitorial Guinea
1.0128E-2
1.0128E-2

Finland
0.39387800000000001
7.4393000000000001E-2 0.
France
845.39893851933425
701.45767851933431

Gabon
-0.19320899999999999

-0
Gambia
-1E-3

-1
Germany
32.998150205339996
32.89450920534
0.
Ghana
41.607365575599999
22.7947835756

Gibraltar
0.88646547999999992
0.63294048000000003
0.
Greece
5.5012628000000001
5.5012628000000001

Guernsey
0.61480800000000002
0.61480800000000002

Guinea
-0.43988265999999998

-0
Hong Kong
1.0508081532828999
1.0508081532828999

India
627.04475289607308
610.58462189607303

Indonesia
4.8853000000000001E-2 0
4.
Isle of Man
1.2377989999999999
1.2377989999999999

Israel
70.908558040000003
70.908558040000003

Italy
21.077816167034001
19.164577667034003
1.
Japan
5.8135065119999991
5.8135065119999991

Jersey
0.49349285520000002
0.43507885519999995
5.
Jordan
0.71967899999999996
0.34014800000000001
0.
Kenya
91.366286400000007
91.366286400000007

Lebanon
516.06484849041954
512.47847828236957
3.
Liberia
48.315938719800002
48.319259719800002
-3
Liechtenstein
-185.92491171542682
2.7870882845732097
-1
Luxembourg
54.967491100600007
17.927753100600004

Madeira Island
0.31459199999999998
0.31459199999999998

Malawi
-4.0000000000000001E-3 0
-4
Malaysia
1.2500000000000001E-2 1.2500000000000001E-2 0
Mauritius
171.51490830540001
168.90887971040002
2.
MOZAMBIQUE
-1.1734E-2

-1
Nepal
1.4423E-2

1.
Netherlands
1927.114339457908
1552.6297532631477

New Zealand
3.4530999999999999E-2 3.4530999999999999E-2 0
Norway
150.18746481977001
11.40921932977

Others
0.62093820000000011
0.62093820000000011

Pakistan
0.42767300000000003
0.42767300000000003

PANAMA
166.19497098339997
164.98001198339998
1.
Portugal
1.2599505
1.2599505

Qatar
10.345416999999999

Romania
1.164366
1.164366

Saudi Arabia
549.28862500000002
549.26080000000002
2.
Seychelles
0.81348500000000001

0.
SIERRA LEONE
51.510711329999999
51.510711329999999

Singapore
84.654145391200004
61.5529546912

South Africa
518.70953220709998
517.69994820709996
1.
South Korea
3.7890747
3.7885227000000001
5.
Spain
3.1776260000000001
3.1776260000000001

SRI LANKA
0.86731599999999998
0.86731599999999998

Sweden
3.9271977889
3.9271977889

Switzerland
77.107476999922497
66.640994999922498

Syria
2.738877
2.738877

Thailand
1.1895652999999999
1.1895652999999999

Togo
166.25299999999999
166.25299999999999

Turkey
2.9679999999999998E-2 0
2.
UAE
16.913229950000002
18.481798950000002
-1
Uganda
-1E-3

-1
UK
1904.6592565627
1995.5084084927003
-9
USA
652.67836433286504
638.89146382249999

Vanuatu
0.11185574400000001
0.11185574400000001

Zambia
-4.0000000000000001E-3 0
-4
Total
10607.315281514469
9611.6256102862953

Source: Central
Bank of Nigeria
Table D.7.2: Coordinated Direct
Investment Survey
(Naira Million)

Country
Total Inward Direct
Investment
Total Equity Inward
(Net)
To
Aberdeen
2410.63

Afganistan
1.2999999999999999E-2 0
1.
Angola
4.88

4.
Australia
984.10799999999995
962.38300000000004

Bahamas
13.478999999999999
13.478999999999999

Bahrain
56.4

Belgium
8926.7882199999985
7956.5509799999991

Benin
1579.384

Bermuda
616075.41745999991
615382.55245999992

Botswana
0.191

0.
Brazil
3494.4659999999999

British Virgin
Island
1106921.634695
184226.122695

Burkina Faso
56.432000000000002

Cameroun
61.697000000000003

Canada
8543.9326671999988
8234.1206672000008

Cayman Islands
475534.51007034699
433616.738070347

Chad
144.01300000000001

Chile
5.7839999999999998

5.
China
1677356.7744117298
1676176.5824117297

Congo
204.24

Cote D'voire
10442.0328212
10316.0378212

Cyprus
31064.611565400002
11972.906455400002

Denmark
2832.8604218999999
2442.1854219000002

Egypt
9934.6972499999993
9934.2492500000008
0.
Equatorial Guenie -38.38364
-42.01164
3.
Eritrea

Finland
449.596
74.393000000000001

France
939852.8899013435
761272.35290134349

Gabon
56.999000000000002

Germany
9884.2911976999894
1965.1571976999892

Ghana
19756.538809999998
9948.9748099999979

Gibraltar
6224.5483647999999
945.42836479999994

Greece
38.429934807999999
10.108934808000001

Guinea Bissau
0.53800000000000003

0.
Hongkong
2878.2733006720005
683.10730067200006

Hungary

India
1782440.6081732179
1741669.9221732179

Indonesia
58.734000000000002

ireland
4298.9950230000004
4264.1990230000001

Isle of Man
1356.31639
1356.31639

Israel
70908.558040000004
70908.558040000004

Italy
273031.77631575504
141462.77787575501

Japan
11126.881638000001
11126.881638000001

Jordan
19387.165720799996
19387.165720799996

Kenya
91826.678400000004
91366.286400000012

Kingston and
Grenadines
179.55648499999998
179.55648499999998

Korea

Lebanon
472539.92612791696
471563.54724986688

Liberia
48319.2597198
48319.2597198

Liechtenstein
3467.8139073411899
3467.8139073411899

Luxembourg
45378.416530600007
8338.678530600002

Madagascar
5.7910000000000004

5.
Madeira Island
314.59199999999998
314.59199999999998

Malawi
16.805

Malaysia
103.794
12.5

Mauritius
311095.5650756603
309287.47407566028

Netherlands
3533318.079388517
2727914.3868285171

New Zealand
872.77440000000001
872.77440000000001

Niger
6152.8029999999999

Norway
100264.47925943999
33738.419689439987

Pakistan
484.226
427.673

Panama
15061.516667800001
9636.3326677999994

Philipines
34.667999999999999

Portugal
1321.8112599999999
1321.8112599999999

Qatar
1720.9094731999999
977.43847319999998

Romania
1225.962

Russia
86.54

Rwanda
4.8120000000000003

4.
Saudi Arabia
549392.65899999999
549260.80000000005

Senegal
21.905999999999999

Seychelles
813.55200000000002

Sierra Leone
1852.2993300000001
1826.4973300000001

Singapore
70489.667000499991
61840.637000499999

South Africa
439735.84455759998
431282.87555759994

South Korea
119131.5827
9135.8036999999986

Spain
132.136
132.136

Sudan
-81.59
-115.919

Swaziland
0.36099999999999999

0.
Sweden
4094.2407889000001
3927.1977889

Switzerland
157199.60967552254
148816.94387552253

Syria
1.7190000000000001

1.
Tanzania
89.894000000000005

Thailand
2381.5605
2381.3485000000001
0.
Togo
212188.54725964952
212188.54725964952

Turkey
108.053

Uganda
29.254999999999999

UK
2101690.3405981362
1912197.4874961362

Unallocated
38664.390115000002
18.220520000000075

United Arab
Emirates
111352.9893302
61597.413330200005

USA
967862.84676047252
719797.89816047251

Vanuatu
-500.53608000000003
-500.53608000000003

Yemen
4.8000000000000001E-2 0
4.
Zambia
3.831

3.
Total
16508813.718984129
13547793.136089079

Source: Central
Bank of Nigeria
Table D.7.2: Coordinated Direct
Investment Survey
(Naira Million)
2015 1
Country
Total Inward Direct
Investment
Total Equity Inward
(Net)
To
Algeria

Angola
176604.70764226228

Argentina
1059085.3842
1020374.8842

Australia
1273829.5243937054

Bahamas
2613982.3334999997
2613982.3334999997

Bahrain

Belgium
375383768.51332003
13503089.513320001

Benin
385197

Bermuda
2342874267.7789001
1332095245.2789001

Brazil
86234613.281128913
86131268.83420001

British Virgin
Islands
115205017.080522
96409488.080522001

Bulgaria

Burkina Faso

Cameroon
87361

Canada
576737.37121375848
470320.81699999998

Cayman Islands
797928194.65717745
562746791.0158

China
693418906.48137939
679639782.48137939

Columbia

Congo

Congo DR

Costa Rica

Cote D'Ivoire
23831779.686999999
8578635.6870000008

Cyprus
6747061.7814181158
1379853.3031067001

Czech Republic

Denmark
7601544.4446269898
1847449.44462699

Egypt
7539803.5999999996
7416122

Estonia

Finland
62834.54
54495.54

France
1771233482.1852264
1675155256.1399064

Gabon

Gambia

Germany
73223689.705688879
44588223.375899993

Ghana
5484575.5436408035
2136655.5436408031

Gibraltar
17021979.719999999
-109145.28

Greece
216140

Guernsey
5351356

Guinea
39756

Hong Kong
2893794.4819503599
1849349.4819503599

Hungary
24909.3
22887.3

India
206249657.52516517
203177036.77516517

Indonesia
42803.5

Ireland
5136215.1662338637
4232408.0532299997

Isle of Man
76207511.840000004
4580968.84

Israel
80091487.362799987
80091487.362799987

Italy
160618716.73428398
120126329.73428398

Japan
35774460.009999998
6592697.0099999998

Jersey
2976935.3987000007
2976935.3987000007

Jordan
734821.74588000006
126200.74588000002

Kenya
16315243

Kuwait
782865.68219999992
782865.68219999992

Lebanon
68807355.526485637
64151539.510443799

Liberia
57598429.530999996
57535653.338399999

Liechtenstein
18304.5747719543
18304.5747719543

Luxembourg
49943931.618423656
9494387.6686399989

Malaysia
270430.3864216971
12125

Mali
10050

Malta
58933

Mauritius
77191438.755799994
7289886.3787999954

Mexico

Monaco
3611088.75
3611088.75

Morocco
322905

Nepal
346127

Netherlands
4537648449.8658781
3226238361.7479191

Norway
20119198.641517811
-28189173.1699

Others
15863764.51626
118519.51625999999

Pakistan
698556.26
483270.48999999993

Panama
2215899.2390000001
1304608.2390000001

Philippines

Poland
29715

Portugal
1026604.2642999999
1006892.2642999999

Qatar
10714

Romania
4386509.0292055635

Russia
16940

Saint Kitts and
Nevis
884313
884313

Saudi Arabia
28527

Senegal

Seychelles
884313
884313

Sierra Leone
2862547.821
2020592

Singapore
245605813.79767373
150288089.79767373

Slovakia

South Africa
313028862.31147814
297617369.77347815

South Korea
16803393.230999999
15654657.330999998

Spain

Sudan
280451

Sweden
964857

Switzerland
172151860.98880535
132282591.03460141

Syria
9039.7746284999994
9039.7746284999994

Tanzania

Thailand
2770904.0749999997
2677442.0749999997

Togo
227762863.80000001
227703843.80000001

Tunisia
10808

Turkey
32879.5

Uganda
43204

United Arab
Emirates
332010067.38529998
29017825.385299996

United Kingdom
1549325278.5414703
1406711731.8167934

USA
702960329.69431055
117795733.27367906

Zambia

Total
15332091292.947926
10666860061.748003

Source: Central
Bank of Nigeria
Table D.7.2: Coordinated Direct
Investment Survey
(Naira Million)
2016 2
Country
Total Inward Direct
Investment
Total Equity Inward
(Net)
To
Algeria

Angola
147231.70764226228

Argentina
1047925.3606
1032990.3606

Australia
1248064.0243937054

Austria

Bahamas
2222437.9403999997
2222437.9403999997

Bahrain

Bangladesh
324473

Belgium
295693182.63832003
13586968.638320001

Benin
1106534

Bermuda
3631226979.9713998
1924262949.9713998

Brazil
86226792.281128913
86131268.83420001

British Virgin
Islands
94412519.900013983
85580579.900013983

Bulgaria

Burkina Faso

Cameroun
168787

Canada
518303.88721375854
467559.33299999998

Cayman Islands
963418900.1683774
720977588.52699995

China
699129895.40437937
683206806.40437937

Columbia

Congo

Congo DR

Costa Rica

Cote D'Ivoire
9585303.8149999995
9242716.8149999995

Cyprus
9698334.7427400164
1714557.6644286001

Czech Republic

Denmark
8044225.4740616698
2625586.4740616698

Egypt
19468100
7110281

Estonia

Finland
62834.54
54495.54

France
1801414388.5069265
1681361572.8616066

Gabon

Gambia
14000

Germany
116240090.51894909
85440695.1241602

Ghana
13575152.656203229
2131266.6562032294

Gibraltar
26548306.48
123492.48

Greece

Guernsey
7037618

Guinea
61303

Hong Kong
27077924.259656359
1496791.2596563599

Hungary
24909.3
22887.3

India
212099356.91152337
206907492.43152338

Indonesia
129135

Iraq

Ireland
5391564.7162338635
4232408.0532299997

Isle of Man
76671658.849999994
-2270465.15

Israel
80091487.362799987
80091487.362799987

Italy
269949073.26138401
194564996.76138401

Japan
14661669.15
9354989.1500000004

Jersey
4560821.2041999996
4560821.2041999996

Jordan
734821.74359999993
126200.74359999999

Kenya
24513058

Kuwait
905345.82179999992
905345.82179999992

Lebanon
70697528.338985637
64723909.982943796

Liberia
60420863.994000003
59410205.749800004

Liechtenstein
18304.5747719543
18304.5747719543

Luxembourg
48150052.55442366
6307877.6046399996

Malaysia
274684.3864216971
12125

Mali
15350

Malta
211620

Mauritius
221805396.77969998
35408517.822699986

Mexico

Monaco
3720916.5
3720916.5

Morocco
322873

Nepal
357748

Netherlands
6258865712.2509489
4548454167.0079899

Norway
15983060.208217807
-56727945.053199999

Others
12846423.51626
118519.51625999999

Pakistan
612548.78999999992
483270.48999999993

Panama
2425870.2489999998
-1398134.7510000002

Phillippines

Poland
79086

Portugal
1069128.0156
1046176.0156

Qatar
10714

Romania
4386509.0292055635

Russia
30898

Saint Kitts and
Nevis
884313
884313

Saudi Arabia
21320

Senegal

Seychelles
884313
884313

Sierra Leone
3366039.5889999997
2511238

Singapore
356736156.03532851
201837381.33532855

Slovakia

South Africa
325343109.15226763
294498853.72626764

South Korea
13015521.230999999
10739357.730999999

Spain
127497

Sudan
14830

Sweden
977416

Switzerland
186966130.64116436
117092609.52696042

Syria
18776.774628499999
9039.7746284999994

Tanzania
306450

Thailand
2741181.0749999997
2677442.0749999997

Togo
220776799.19999999
220715613.19999999

Tunisia
10808

Turkey
11375

Uganda
73225

United Arab
Emirates
416151194.32599998
28050225.825999998

United Kingdom
2380673169.5356493
2033258745.2025723

USA
756269181.93751037
162461375.81687883

Zambia
13289

Total
19873182700.284035
13544465188.138109

Source: Central
Bank of Nigeria
Notes: 1Revised
2Provisional