Money Supply M3 in Nigeria increased to 41370835.30 NGN Million in October from 40450136.09 NGN Million in September of 2021. source: Central Bank of Nigeria

Money Supply M3 in Nigeria averaged 24081892.26 NGN Million from 2009 until 2021, reaching an all time high of 41370835.30 NGN Million in October of 2021 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 December of 2021.

Money Supply M3 in Nigeria is expected to be 39500000.00 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 35800000.00 NGN Million in 2022 and 34000000.00 NGN Million in 2023, according to our econometric models.

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Nigeria Money Supply M3

Related Last Previous Unit Reference
Interest Rate 11.50 11.50 percent Nov/21
Cash Reserve Ratio 27.50 27.50 percent Dec/21
Interbank Rate 11.97 11.97 percent Dec/21
Money Supply M1 16553042.48 15948090.75 NGN Million Oct/21
Money Supply M0 2965985.43 2837063.77 NGN Million Oct/21
Money Supply M2 41369902.01 40414584.97 NGN Million Oct/21
Foreign Exchange Reserves 41280.00 41750.00 USD Million Nov/21
Deposit Interest Rate 5.02 4.80 percent Oct/21
Money Supply M3 41370835.30 40450136.09 NGN Million Oct/21
Lending Rate 11.61 11.73 percent Oct/21