Money Supply M2 in Nigeria increased to 38230860.01 NGN Million in February from 37745679.08 NGN Million in January of 2021. source: Central Bank of Nigeria

Money Supply M2 in Nigeria averaged 12496311.33 NGN Million from 2000 until 2021, reaching an all time high of 38230860.01 NGN Million in February of 2021 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 April of 2021.

Money Supply M2 in Nigeria is expected to be 38700000.00 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 32000000.00 in 12 months time. In the long-term, the Nigeria Money Supply M2 is projected to trend around 28000000.00 NGN Million in 2022 and 30570000.00 NGN Million in 2023, according to our econometric models.

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Nigeria Money Supply M2

Actual Previous Highest Lowest Dates Unit Frequency
38230860.01 37745679.08 38230860.01 648506.60 2000 - 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 M2
Nigeria Money Supply M2 includes M1 plus short-term time deposits in banks.