Money Supply M3 in Nigeria increased to 49356443.64 NGN Million in August from 48259383.42 NGN Million in July of 2022. source: Central Bank of Nigeria

Money Supply M3 in Nigeria averaged 25534639.44 NGN Million from 2009 until 2022, reaching an all time high of 49356443.64 NGN Million in August of 2022 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 September of 2022.

Money Supply M3 in Nigeria is expected to be 48700000.00 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 46000000.00 NGN Million in 2023 and 45000000.00 NGN Million in 2024, according to our econometric models.

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Nigeria Money Supply M3

Related Last Previous Unit Reference
Interest Rate 15.50 14.00 percent Sep 2022
Cash Reserve Ratio 27.50 27.50 percent Sep 2022
Interbank Rate 12.81 12.81 percent Sep 2022
Money Supply M1 21436163.98 20372771.97 NGN Million Aug 2022
Money Supply M0 3210664.98 3242600.24 NGN Million Aug 2022
Money Supply M2 49305842.28 48258489.56 NGN Million Aug 2022
Foreign Exchange Reserves 38320.00 39180.00 USD Million Sep 2022
Deposit Interest Rate 6.79 4.96 percent Aug 2022
Money Supply M3 49356443.64 48259383.42 NGN Million Aug 2022
Lending Rate 12.23 12.10 percent Aug 2022