Money Supply M1 in Nigeria increased to 10427024.37 NGN Million in February from 10331403.70 NGN Million in January of 2020.

Money Supply M1 in Nigeria averaged 5053634.17 NGN Million from 2000 until 2020, reaching an all time high of 11751139.21 NGN Million in December of 2018 and a record low of 396991.90 NGN Million in January of 2000. This page provides - Nigeria Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M1 - values, historical data and charts - was last updated on April of 2020. source: Central Bank of Nigeria

Money Supply M1 in Nigeria is expected to be 11051577.83 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M1 in Nigeria to stand at 12150000.00 in 12 months time. In the long-term, the Nigeria Money Supply M1 is projected to trend around 11049385.24 NGN Million in 2021 and 11049332.83 NGN Million in 2022, according to our econometric models.

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Nigeria Money Supply M1

Actual Previous Highest Lowest Dates Unit Frequency
10427024.37 10331403.70 11751139.21 396991.90 2000 - 2020 NGN Million Monthly
Current Prices, NSA
Money Supply M1 by Country

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 13.50 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 35520.00 36380.00 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 [+]