Money Supply M3 in Nigeria increased to 35116968.08 NGN Million in October from 34255438.69 NGN Million in September of 2018.

Money Supply M3 in Nigeria averaged 20306268.38 NGN Million from 2009 until 2018, reaching an all time high of 35116968.08 NGN Million in October of 2018 and a record low of 10478417.29 NGN Million in January of 2010. This page provides - Nigeria Money Supply M3- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M3 - values, historical data and charts - was last updated on August of 2020.

Money Supply M3 in Nigeria is expected to be 44000000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M3 in Nigeria to stand at 44000000.00 in 12 months time. In the long-term, the Nigeria Money Supply M3 is projected to trend around 42327537.83 NGN Million in 2021 and 45555453.37 NGN Million in 2022, according to our econometric models.

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Nigeria Money Supply M3

Actual Previous Highest Lowest Dates Unit Frequency
35116968.08 34255438.69 35116968.08 10478417.29 2009 - 2018 NGN Million Monthly
Current Prices, NSA

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 12.50 12.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2300831.63 2353337.06 2442985.64 193939.30 NGN Million [+]
Money Supply M1 12204254.18 12386831.12 12386831.12 396991.90 NGN Million [+]
Money Supply M2 32171336.26 32490532.24 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 35900.00 36220.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 5.67 5.99 27.00 2.00 percent [+]
Lending Rate 14.73 14.92 37.80 6.00 percent [+]