Money Supply M2 in Nigeria increased to 36504517.03 NGN Million in November from 35690618.57 NGN Million in October of 2020. source: Central Bank of Nigeria

Money Supply M2 in Nigeria averaged 12197697.29 NGN Million from 2000 until 2020, reaching an all time high of 36504517.03 NGN Million in November of 2020 and a record low of 648506.60 NGN Million in January of 2000. This page provides - Nigeria Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M2 - values, historical data and charts - was last updated on January of 2021.

Money Supply M2 in Nigeria is expected to be 28500000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M2 in Nigeria to stand at 28500000.00 in 12 months time. In the long-term, the Nigeria Money Supply M2 is projected to trend around 29329153.01 NGN Million in 2021 and 30978050.71 NGN Million in 2022, according to our econometric models.

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Nigeria Money Supply M2

Actual Previous Highest Lowest Dates Unit Frequency
36504517.03 35690618.57 36504517.03 648506.60 2000 - 2020 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 2659710.45 2498977.64 2659710.45 193939.30 NGN Million [+]
Money Supply M1 14820224.11 14166855.68 14820224.11 396991.90 NGN Million [+]
Money Supply M2 36504517.03 35690618.57 36504517.03 648506.60 NGN Million [+]
Foreign Exchange Reserves 35360.00 35430.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 2.90 3.52 27.00 2.00 percent [+]
Lending Rate 11.60 11.31 37.80 6.00 percent [+]


Nigeria Money Supply M2
Nigeria Money Supply M2 includes M1 plus short-term time deposits in banks.