Nigeria Money Supply M2 - Forecast

Money Supply M2 in Nigeria is expected to be 24237947.81 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 24178518.29 in 12 months time. In the long-term, the Nigeria Money Supply M2 is projected to trend around 23792248.08 NGN Million in 2020, according to our econometric models.


Nigeria Money Supply M2
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Nigeria Money Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 14 14 14 14 14 12
Cash Reserve Ratio 22.5 22.35 21.91 21.46 22 20
Money Supply M0 2157230 2091926 2079180 2073193 1771520 1811767
Money Supply M1 11036352 10994416 10958886 10933335 10909735 10636561
Money Supply M2 24001412 24237948 24239169 24210659 24178518 23792248
Foreign Exchange Reserves 40560 36332 37000 38500 39000 21000
Deposit Interest Rate 7.5 9.53 9.47 9.42 9.34 11.53
Lending Rate 17.88 17.72 17.66 17.6 16 16