Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

Nigeria - Total reserves

Year Value
1960 $343,000,000
1961 $307,070,700
1962 $289,025,000
1963 $210,030,700
1964 $228,053,500
1965 $239,053,500
1966 $215,353,500
1967 $112,359,200
1968 $121,194,900
1969 $132,459,200
1970 $223,498,300
1971 $431,942,300
1972 $390,711,300
1973 $622,853,600
1974 $5,708,970,000
1975 $5,665,693,000
1976 $5,256,784,000
1977 $4,335,987,000
1978 $2,028,806,000
1979 $5,899,641,000
1980 $10,639,790,000
1981 $4,168,453,000
1982 $1,926,434,000
1983 $1,251,987,000
1984 $1,674,114,000
1985 $1,891,868,000
1986 $1,349,903,000
1987 $1,497,832,000
1988 $932,989,800
1989 $2,041,078,000
1990 $4,128,790,000
1991 $4,678,023,000
1992 $1,196,053,000
1993 $1,640,444,000
1994 $1,649,172,000
1995 $1,709,113,000
1996 $4,329,392,000
1997 $7,781,251,000
1998 $7,298,546,000
1999 $5,649,725,000
2000 $10,099,450,000
2001 $10,646,600,000
2002 $7,566,806,000
2003 $7,415,088,000
2004 $17,256,540,000
2005 $28,632,050,000
2006 $42,735,470,000
2007 $51,907,040,000
2008 $53,599,290,000
2009 $45,509,820,000
2010 $35,884,920,000
2011 $36,263,660,000
2012 $47,548,400,000
2013 $36.959billion
2014 $34.49billion
2015 $29.130billion
2016 $27.81 billion

Selfish interest of our political leaders brought us to this mess $1 = N384


http://www.indexmundi.com/facts/nigeria/total-reserves
http://www.tradingeconomics.com/nigeria/foreign-exchange-reserves
http://www.cenbank.org/Intops/ReserveMgmt.asp