Money Supply M2 in Nigeria decreased to 32171336.26 NGN Million in June from 32490532.24 NGN Million in May of 2020.

Money Supply M2 in Nigeria averaged 11748195.64 NGN Million from 2000 until 2020, reaching an all time high of 35167529.95 NGN Million in April of 2019 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 August of 2020. source: Central Bank of Nigeria

Money Supply M2 in Nigeria is expected to be 28500000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Money Supply M2 in Nigeria to stand at 28500000.00 in 12 months time. In the long-term, the Nigeria Money Supply M2 is projected to trend around 29329153.01 NGN Million in 2021 and 30978050.71 NGN Million in 2022, according to our econometric models.

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Nigeria Money Supply M2

Actual Previous Highest Lowest Dates Unit Frequency
32171336.26 32490532.24 35167529.95 648506.60 2000 - 2020 NGN Million Monthly
Current Prices, NSA

Nigeria Money Last Previous Highest Lowest Unit
Interest Rate 12.50 12.50 14.00 6.00 percent [+]
Cash Reserve Ratio 27.50 27.50 31.00 1.00 percent [+]
Money Supply M0 2300831.63 2353337.06 2442985.64 193939.30 NGN Million [+]
Money Supply M1 12204254.18 12386831.12 12386831.12 396991.90 NGN Million [+]
Money Supply M2 32171336.26 32490532.24 35167529.95 648506.60 NGN Million [+]
Foreign Exchange Reserves 35900.00 36220.00 62081.86 63.22 USD Million [+]
Deposit Interest Rate 5.67 5.99 27.00 2.00 percent [+]
Lending Rate 14.73 14.92 37.80 6.00 percent [+]


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