Nigeria Money Supply M2 - Forecast

Money Supply M2 in Nigeria is expected to be 24174489.48 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 24083302.90 in 12 months time. In the long-term, the Nigeria Money Supply M2 is projected to trend around 23738309.55 NGN Million in 2020, according to our econometric models.


Nigeria Money Supply M2
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Nigeria Money Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 14 14 14 14 14 12
Cash Reserve Ratio 22.5 22.5 22.5 22 22.5 20
Money Supply M0 1668378 1919716 1896216 1771520 1900514 1811767
Money Supply M1 10912604 10183724 10253100 10364963 10343297 10326768
Money Supply M2 24303050 24174489 24146380 24115018 24083303 23738310
Foreign Exchange Reserves 47360 42600 43100 44000 54362 21000
Deposit Interest Rate 9.6 9.6 9.6 9.6 9.6 7.6
Lending Rate 17.35 17.35 17.35 17.35 17.35 15.35