Money Supply M1 in Nigeria increased to 21323643.56 NGN Million in October from 21188070.11 NGN Million in September of 2022. source: Central Bank of Nigeria

Money Supply M1 in Nigeria averaged 4795729.44 NGN Million from 1993 until 2022, reaching an all time high of 21436163.98 NGN Million in August of 2022 and a record low of 74220.52 NGN Million in January of 1993. This page provides - Nigeria Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M1 - values, historical data and charts - was last updated on November of 2022.

Money Supply M1 in Nigeria is expected to be 2250000.00 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 M1 is projected to trend around 19000000.00 NGN Million in 2023 and 18000000.00 NGN Million in 2024, according to our econometric models.

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Nigeria Money Supply M1



Related Last Previous Unit Reference
Interest Rate 16.50 15.50 percent Nov 2022
Cash Reserve Ratio 32.50 32.50 percent Nov 2022
Interbank Rate 15.40 15.40 percent Nov 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 37490.00 38320.00 USD Million Oct 2022
Deposit Interest Rate 6.99 6.79 percent Sep 2022
Money Supply M3 49932982.31 49356443.64 NGN Million Sep 2022
Lending Rate 12.23 12.23 percent Sep 2022