Cash Reserve Ratio in Nigeria remained unchanged at 27.50 percent in October from 27.50 percent in September of 2021. source: Central Bank of Nigeria

Cash Reserve Ratio in Nigeria averaged 14.57 percent from 2007 until 2021, reaching an all time high of 31 percent in May of 2015 and a record low of 1 percent in April of 2009. This page provides - Nigeria Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Cash Reserve Ratio - values, historical data and charts - was last updated on October of 2021.

Cash Reserve Ratio in Nigeria is expected to be 27.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Cash Reserve Ratio is projected to trend around 25.00 percent in 2022, according to our econometric models.

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Nigeria Cash Reserve Ratio


Nigeria Last Unit Reference Previous Highest Lowest
Interest Rate 11.50 percent Sep/21 11.50 14.00 6.00
Cash Reserve Ratio 27.50 percent Oct/21 27.50 31.00 1.00
Interbank Rate 8.37 percent Oct/21 8.37 38.96 0.00
Money Supply M0 2778706.01 NGN Million Aug/21 2812103.48 2908462.40 38580.37
Money Supply M1 16408026.85 NGN Million Aug/21 16291049.38 16551196.56 74220.52
Money Supply M2 40744532.18 NGN Million Aug/21 39769833.80 40744532.18 648506.60
Foreign Exchange Reserves 36260.00 USD Million Sep/21 33660.00 62081.86 63.22
Deposit Interest Rate 4.80 percent Aug/21 4.78 27.00 2.00
Lending Rate 11.62 percent Aug/21 11.57 37.80 6.00
Money Supply M3 39789168.03 NGN Million Jul/21 39435900.44 39789168.03 10478417.29