Nigeria Money Supply M2 - Forecast

Money Supply M2 in Nigeria is expected to be 25280737.49 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 26521157.67 in 12 months time. In the long-term, the Nigeria Money Supply M2 is projected to trend around 30537027.74 NGN Million in 2020, according to our econometric models.


Forecast Data Chart
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Nigeria Money Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 14 14 14 14 14 12
Cash Reserve Ratio 22.5 22.5 22.5 22.5 22.5 20
Money Supply M0 1824826 1869808 1771520 1866266 1867018 1811767
Money Supply M1 10668002 10686240 10712186 10703121 10709346 10707147
Money Supply M2 24971102 25280737 25695535 26109262 26521158 30537028
Foreign Exchange Reserves 45909 50900 55300 47770 48082 57000
Deposit Interest Rate 9.6 9.6 9.6 9.6 9.6 7.6
Lending Rate 16.83 16.83 16.83 16.83 16.83 14.83