Money Supply M2 in Nigeria increased to 40744532.18 NGN Million in August from 39769833.80 NGN Million in July of 2021. source: Central Bank of Nigeria

Money Supply M2 in Nigeria averaged 13098403.85 NGN Million from 2000 until 2021, reaching an all time high of 40744532.18 NGN Million in August of 2021 and a record low of 648506.60 NGN Million in January of 2000. This page provides - Nigeria Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M2 - values, historical data and charts - was last updated on October of 2021.

Money Supply M2 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 M2 is projected to trend around 34000000.00 NGN Million in 2022 and 32000000.00 NGN Million in 2023, according to our econometric models.

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Nigeria Money Supply M2


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 8.47 percent Oct/21 8.47 38.96 0.00
Money Supply M1 16408026.85 NGN Million Aug/21 16291049.38 16551196.56 74220.52
Money Supply M0 2778706.01 NGN Million Aug/21 2812103.48 2908462.40 38580.37
Money Supply M2 40744532.18 NGN Million Aug/21 39769833.80 40744532.18 648506.60
Foreign Exchange Reserves 33660.00 USD Million Aug/21 33330.00 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


Nigeria Money Supply M2
Nigeria Money Supply M2 includes M1 plus short-term time deposits in banks.