Cash Reserve Ratio in Nigeria remained unchanged at 22.50 percent in July from 22.50 percent in June of 2019. Cash Reserve Ratio in Nigeria averaged 12.32 percent from 2007 until 2019, reaching an all time high of 31 percent in May of 2015 and a record low of 1 percent in April of 2009.
Cash Reserve Ratio in Nigeria is expected to be 22.50 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 20.00 percent in 2020, according to our econometric models.