Money Supply M1 in Nigeria decreased to 20392537.22 NGN Million in June from 20608106.85 NGN Million in May of 2022. source: Central Bank of Nigeria

Money Supply M1 in Nigeria averaged 4629136.78 NGN Million from 1993 until 2022, reaching an all time high of 20608106.85 NGN Million in May 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 August of 2022.

Money Supply M1 in Nigeria is expected to be 21800000.00 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 21000000.00 NGN Million in 2023 and 19000000.00 NGN Million in 2024, according to our econometric models.

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Nigeria Money Supply M1

Related Last Previous Unit Reference
Interest Rate 14.00 13.00 percent Jul 2022
Cash Reserve Ratio 27.50 27.50 percent Aug 2022
Interbank Rate 10.45 10.45 percent Aug 2022
Money Supply M1 20392537.22 20608106.85 NGN Million Jun 2022
Money Supply M0 3259269.15 3331796.22 NGN Million Jun 2022
Money Supply M2 48797867.32 48555975.14 NGN Million Jun 2022
Foreign Exchange Reserves 39250.00 39090.00 USD Million Jul 2022
Deposit Interest Rate 4.55 4.70 percent Jun 2022
Lending Rate 12.29 11.96 percent Jun 2022
Money Supply M3 48556908.61 46542025.44 NGN Million May 2022