Money Supply M2 in Nigeria increased to 50577358.02 NGN Million in October from 49316901.83 NGN Million in September of 2022. source: Central Bank of Nigeria

Money Supply M2 in Nigeria averaged 14753657.41 NGN Million from 2000 until 2022, reaching an all time high of 50577358.02 NGN Million in October of 2022 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 December of 2022.

Money Supply M2 in Nigeria is expected to be 48500000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Money Supply M2 is projected to trend around 47000000.00 NGN Million in 2023 and 45000000.00 NGN Million in 2024, according to our econometric models.

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Nigeria Money Supply M2



Related Last Previous Unit Reference
Interest Rate 16.50 15.50 percent Nov 2022
Cash Reserve Ratio 32.50 32.50 percent Dec 2022
Interbank Rate 14.88 14.88 percent Dec 2022
Money Supply M1 21323643.56 21188070.11 NGN Million Oct 2022
Money Supply M0 3298786.78 3228752.06 NGN Million Oct 2022
Money Supply M2 50577358.02 49316901.83 NGN Million Oct 2022
Foreign Exchange Reserves 37120.00 37490.00 USD Million Nov 2022
Deposit Interest Rate 8.01 6.99 percent Oct 2022
Lending Rate 12.23 12.23 percent Oct 2022
Money Supply M3 49932982.31 49356443.64 NGN Million Sep 2022

Nigeria Money Supply M2
Nigeria Money Supply M2 includes M1 plus short-term time deposits in banks.
Actual Previous Highest Lowest Dates Unit Frequency
50577358.02 49316901.83 50577358.02 648506.60 2000 - 2022 NGN Million Monthly
Current Prices, NSA