Money Supply M2 in Nigeria is expected to be 25665820.85 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 26899988.75 in 12 months time. In the long-term, the Nigeria Money Supply M2 is projected to trend around 30499292.38 NGN Million in 2020, according to our econometric models.


Forecast Data Chart
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Nigeria Money Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 14 14 14 13.75 13.5 12
Cash Reserve Ratio 22.5 22.5 22.5 22.5 22.5 20
Money Supply M0 1926382 1771520 1914083 1915350 1915294 1811767
Money Supply M1 10681494 10781270 10905079 11030683 11156367 12286023
Money Supply M2 25277071 25665821 26079683 26490791 26899989 30499292
Foreign Exchange Reserves 42128 55300 41525 41078 40790 57000
Deposit Interest Rate 8.77 8.77 8.77 8.52 8.27 6.77
Lending Rate 16.65 16.65 16.65 16.4 16.15 14.65
Money Supply M3 33607642 34614839 35350214 36080111 36806405 43190514