Money Supply M0 in Nigeria increased to 2203274.21 NGN Million in November from 2055946.55 NGN Million in October of 2019. Money Supply M0 in Nigeria averaged 1112876.44 NGN Million from 2000 until 2019, reaching an all time high of 2329706.58 NGN Million in December of 2018 and a record low of 193939.30 NGN Million in February of 2000. source: Central Bank of Nigeria

Money Supply M0 in Nigeria is expected to be 1791698.57 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M0 in Nigeria to stand at 1811767.48 in 12 months time. In the long-term, the Nigeria Money Supply M0 is projected to trend around 1811767.48 NGN Million in 2020, according to our econometric models.

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Nigeria Money Supply M0

Actual Previous Highest Lowest Dates Unit Frequency
2203274.21 2055946.55 2329706.58 193939.30 2000 - 2019 NGN Million Monthly
Current Prices, NSA


Nigeria Money Supply M0
Nigeria Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money.

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 13.50 13.50 14.00 6.00 percent [+]
Cash Reserve Ratio 22.50 22.50 31.00 1.00 percent [+]
Money Supply M0 2203274.21 2055946.55 2329706.58 193939.30 NGN Million [+]
Money Supply M1 10930572.57 10592511.65 11751139.21 396991.90 NGN Million [+]
Money Supply M2 28415371.99 27634515.08 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 38684.00 39803.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 8.70 8.96 27.00 2.00 percent [+]
Lending Rate 15.11 15.07 37.80 6.00 percent [+]