Money Supply M0 in Nigeria remained unchanged at 2395917.03 NGN Million in August from 2395917.03 NGN Million in July of 2020.

Money Supply M0 in Nigeria averaged 1156012.49 NGN Million from 2000 until 2020, reaching an all time high of 2442985.64 NGN Million in December of 2019 and a record low of 193939.30 NGN Million in February of 2000. 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 October of 2020. source: Central Bank of Nigeria

Money Supply M0 in Nigeria is expected to be 1980000.00 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 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 2021, according to our econometric models.

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Nigeria Money Supply M0

Actual Previous Highest Lowest Dates Unit Frequency
2395917.03 2395917.03 2442985.64 193939.30 2000 - 2020 NGN Million Monthly
Current Prices, NSA

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 11.50 12.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2395917.03 2395917.03 2442985.64 193939.30 NGN Million [+]
Money Supply M1 12582151.19 12582151.19 12582151.19 396991.90 NGN Million [+]
Money Supply M2 33346630.22 33346630.22 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 35660.00 35900.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 4.05 4.31 27.00 2.00 percent [+]
Lending Rate 11.76 14.99 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.