Cash Reserve Ratio in Nigeria remained unchanged at 22.50 percent in January from 22.50 percent in December of 2019. Cash Reserve Ratio in Nigeria averaged 12.71 percent from 2007 until 2020, reaching an all time high of 31 percent in May of 2015 and a record low of 1 percent in April of 2009. source: Central Bank of Nigeria

Cash Reserve Ratio in Nigeria is expected to be 22.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cash Reserve Ratio in Nigeria to stand at 22.00 in 12 months time. In the long-term, the Nigeria Cash Reserve Ratio is projected to trend around 22.00 percent in 2020, according to our econometric models.

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Nigeria Cash Reserve Ratio

Actual Previous Highest Lowest Dates Unit Frequency
22.50 22.50 31.00 1.00 2007 - 2020 percent Monthly

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 13.50 13.50 14.00 6.00 percent [+]
Cash Reserve Ratio 22.50 22.50 31.00 1.00 percent [+]
Money Supply M0 2203274.21 2055946.55 2329706.58 193939.30 NGN Million [+]
Money Supply M1 10930572.57 10592511.65 11751139.21 396991.90 NGN Million [+]
Money Supply M2 28415371.99 27634515.08 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 38684.00 39803.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 8.70 8.96 27.00 2.00 percent [+]
Lending Rate 15.07 15.15 37.80 6.00 percent [+]