Nigeria Money Supply M1  Forecast


Money Supply M1 in Nigeria is expected to be 9876784.12 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M1 in Nigeria to stand at 9799483.34 in 12 months time. In the long-term, the Nigeria Money Supply M1 is projected to trend around 9567391.02 NGN Million in 2020, according to our econometric models.


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Nigeria Money Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 14 14 13 13 13 10.5
Cash Reserve Ratio 22.5 22.5 21.71 21.24 20.79 20
Money Supply M0 1868735 1843634 1837663 1832690 1827897 1811767
Money Supply M1 9890813 9876784 9852241 9825869 9799483 9567391
Money Supply M2 21851454 21807223 21778499 21749407 21720360 21461887
Foreign Exchange Reserves 32491 20000 32132 31920 31710 21000
Deposit Interest Rate 7.5 10.15 9.51 9.67 9.82 11.1
Interbank Rate 0 0 2.33 3.43 4.39 9.05
Lending Rate 17.69 16.8 17.54 17.49 17.43 16