Money Supply M1 in Nigeria increased to 16278040.69 NGN Million in May from 15996570.46 NGN Million in April of 2021. source: Central Bank of Nigeria

Money Supply M1 in Nigeria averaged 4168189.54 NGN Million from 1993 until 2021, reaching an all time high of 16551196.56 NGN Million in February of 2021 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 July of 2021.

Money Supply M1 in Nigeria is expected to be 14850000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M1 in Nigeria to stand at 12500000.00 in 12 months time. In the long-term, the Nigeria Money Supply M1 is projected to trend around 12600000.00 NGN Million in 2022 and 12100000.00 NGN Million in 2023, according to our econometric models.

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Nigeria Money Supply M1

Actual Previous Highest Lowest Dates Unit Frequency
16278040.69 15996570.46 16551196.56 74220.52 1993 - 2021 NGN Million Monthly
Current Prices, NSA

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 11.50 11.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2790895.50 2796471.37 2908462.40 38580.37 NGN Million [+]
Money Supply M1 16278040.69 15996570.46 16551196.56 74220.52 NGN Million [+]
Money Supply M2 38849025.37 38382883.36 38849025.37 648506.60 NGN Million [+]
Foreign Exchange Reserves 33420.00 34250.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 3.05 3.13 27.00 2.00 percent [+]
Lending Rate 11.13 11.21 37.80 6.00 percent [+]