Cash Reserve Ratio in Nigeria remained unchanged at 22.50 percent in September from 22.50 percent in August of 2019. Cash Reserve Ratio in Nigeria averaged 12.46 percent from 2007 until 2019, reaching an all time high of 31 percent in May of 2015 and a record low of 1 percent in April of 2009.

Cash Reserve Ratio in Nigeria is expected to be 22.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cash Reserve Ratio in Nigeria to stand at 22.00 in 12 months time. In the long-term, the Nigeria Cash Reserve Ratio is projected to trend around 22.00 percent in 2020, according to our econometric models.

Nigeria Cash Reserve Ratio
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Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 13.50 13.50 14.00 6.00 percent [+]
Cash Reserve Ratio 22.50 22.50 31.00 1.00 percent [+]
Money Supply M0 2018840.38 2003090.93 2329706.58 193939.30 NGN Million [+]
Money Supply M1 11245423.49 11435792.64 11751139.21 396991.90 NGN Million [+]
Money Supply M2 27586423.65 28268926.08 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 43730.00 44940.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 9.48 9.68 27.00 2.00 percent [+]
Lending Rate 15.33 18.23 37.80 6.00 percent [+]


Nigeria Cash Reserve Ratio

This page provides - Nigeria Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Cash Reserve Ratio - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
22.50 22.50 31.00 1.00 2007 - 2019 percent Monthly




Country Last Previous
Brazil 21.00 Aug/19
China 13.00 Sep/19
India 4.00 Sep/19
Indonesia 6.00 Jul/19
Russia 8.00 Jun/19
Turkey 16.00 Jul/19


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