Money Supply M1 in Nigeria increased to 10930572.57 NGN Million in November from 10592511.65 NGN Million in October of 2019. Money Supply M1 in Nigeria averaged 4989111.54 NGN Million from 2000 until 2019, reaching an all time high of 11751139.21 NGN Million in December of 2018 and a record low of 396991.90 NGN Million in January of 2000. source: Central Bank of Nigeria

Money Supply M1 in Nigeria is expected to be 11051577.83 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M1 in Nigeria to stand at 12150000.00 in 12 months time. In the long-term, the Nigeria Money Supply M1 is projected to trend around 11049332.83 NGN Million in 2020, according to our econometric models.

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Nigeria Money Supply M1

Actual Previous Highest Lowest Dates Unit Frequency
10930572.57 10592511.65 11751139.21 396991.90 2000 - 2019 NGN Million Monthly
Current Prices, NSA

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 13.50 13.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 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 15.11 15.07 37.80 6.00 percent [+]