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.

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Nigeria Cash Reserve Ratio

Actual Previous Highest Lowest Dates Unit Frequency
27.50 27.50 31.00 1.00 2007 - 2020 percent Monthly

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 12.50 12.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2353337.06 2307392.55 2442985.64 193939.30 NGN Million [+]
Money Supply M1 12386831.12 11587048.45 12386831.12 396991.90 NGN Million [+]
Money Supply M2 32490532.24 31763941.95 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 36220.00 36400.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 5.99 6.15 27.00 2.00 percent [+]
Lending Rate 14.92 14.71 37.80 6.00 percent [+]