Money Supply M3 in Nigeria increased to 54634063.50 NGN Million in March from 53295069.64 NGN Million in February of 2023. source: Central Bank of Nigeria

Money Supply M3 in Nigeria averaged 26702734.06 NGN Million from 2009 until 2023, reaching an all time high of 54634063.50 NGN Million in March of 2023 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 June of 2023.

Money Supply M3 in Nigeria is expected to be 52800000.00 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 M3 is projected to trend around 53200000.00 NGN Million in 2024 and 53500000.00 NGN Million in 2025, according to our econometric models.

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Nigeria Money Supply M3

Related Last Previous Unit Reference
Interest Rate 18.50 18.00 percent May 2023
Cash Reserve Ratio 32.50 32.50 percent Jun 2023
Interbank Rate 13.27 13.27 percent Jun 2023
Money Supply M1 22578104.18 21352527.87 NGN Million Apr 2023
Money Supply M0 2379074.15 1683498.35 NGN Million Apr 2023
Money Supply M2 55646745.84 54191661.32 NGN Million Apr 2023
Foreign Exchange Reserves 35160.00 35290.00 USD Million May 2023
Deposit Interest Rate 7.92 7.63 percent Apr 2023
Lending Rate 14.05 13.97 percent Apr 2023
Money Supply M3 54634063.50 53295069.64 NGN Million Mar 2023