Money Supply M0 in Nigeria decreased to 2186983.40 NGN Million in February from 2249769.69 NGN Million in January of 2020.

Money Supply M0 in Nigeria averaged 1127212.92 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 May 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
2186983.40 2249769.69 2442985.64 193939.30 2000 - 2020 NGN Million Monthly
Current Prices, NSA

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 12.50 13.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2186983.40 2249769.69 2442985.64 193939.30 NGN Million [+]
Money Supply M1 10427024.37 10331403.70 11751139.21 396991.90 NGN Million [+]
Money Supply M2 29730798.19 29130425.30 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 33440.00 35160.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 6.17 5.85 27.00 2.00 percent [+]
Lending Rate 15.04 14.97 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.