Money Supply M0 in Nigeria increased to 2965985.43 NGN Million in October from 2837063.77 NGN Million in September of 2021. source: Central Bank of Nigeria

Money Supply M0 in Nigeria averaged 953254.82 NGN Million from 1993 until 2021, reaching an all time high of 2965985.43 NGN Million in October of 2021 and a record low of 38580.37 NGN Million in February of 1993. This page provides - Nigeria Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M0 - values, historical data and charts - was last updated on December of 2021.

Money Supply M0 in Nigeria is expected to be 2680000.00 NGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Money Supply M0 is projected to trend around 2400000.00 NGN Million in 2022 and 2300000.00 NGN Million in 2023, according to our econometric models.

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Nigeria Money Supply M0


Related Last Previous Unit Reference
Interest Rate 11.50 11.50 percent Nov/21
Cash Reserve Ratio 27.50 27.50 percent Nov/21
Interbank Rate 11.91 11.91 percent Dec/21
Money Supply M1 16553042.48 15948090.75 NGN Million Oct/21
Money Supply M0 2965985.43 2837063.77 NGN Million Oct/21
Money Supply M2 41369902.01 40414584.97 NGN Million Oct/21
Foreign Exchange Reserves 41280.00 41750.00 USD Million Nov/21
Deposit Interest Rate 5.02 4.80 percent Oct/21
Lending Rate 11.61 11.73 percent Oct/21
Money Supply M3 39789168.03 39435900.44 NGN Million Jul/21
Nigeria Money Supply M0
Nigeria Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money.