Cash Reserve Ratio in Nigeria remained unchanged at 27.50 percent in July from 27.50 percent in June of 2020.
Cash Reserve Ratio in Nigeria averaged 13.38 percent from 2007 until 2020, reaching an all time high of 31 percent in May of 2015 and a record low of 1 percent in April of 2009. This page provides - Nigeria Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Cash Reserve Ratio - values, historical data and charts - was last updated on July of 2020. source: Central Bank of Nigeria
Cash Reserve Ratio in Nigeria is expected to be 27.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cash Reserve Ratio in Nigeria to stand at 27.50 in 12 months time. In the long-term, the Nigeria Cash Reserve Ratio is projected to trend around 27.50 percent in 2021 and 25.00 percent in 2022, according to our econometric models.