Money Supply M0 in Nigeria decreased to 2779831.60 NGN Million in February from 2831167.19 NGN Million in January of 2021. source: Central Bank of Nigeria

Money Supply M0 in Nigeria averaged 913507.66 NGN Million from 1993 until 2021, reaching an all time high of 2908462.40 NGN Million in December of 2020 and a record low of 38580.37 NGN Million in February of 1993. This page provides - Nigeria Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M0 - values, historical data and charts - was last updated on April of 2021.

Money Supply M0 in Nigeria is expected to be 2950000.00 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 2640000.00 in 12 months time. In the long-term, the Nigeria Money Supply M0 is projected to trend around 2440000.00 NGN Million in 2022 and 2390000.00 NGN Million in 2023, according to our econometric models.

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Nigeria Money Supply M0

Actual Previous Highest Lowest Dates Unit Frequency
2779831.60 2831167.19 2908462.40 38580.37 1993 - 2021 NGN Million Monthly
Current Prices, NSA

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 11.50 11.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2779831.60 2831167.19 2908462.40 38580.37 NGN Million [+]
Money Supply M1 16551196.56 15961023.19 16551196.56 74220.52 NGN Million [+]
Money Supply M2 38230860.01 37745679.08 38230860.01 648506.60 NGN Million [+]
Foreign Exchange Reserves 34760.00 35230.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 3.13 2.88 27.00 2.00 percent [+]
Lending Rate 11.21 11.25 37.80 6.00 percent [+]


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.