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.