Money Supply M0 in Nigeria increased to 3148591.60 NGN Million in November from 2965985.43 NGN Million in October of 2021. source: Central Bank of Nigeria

Money Supply M0 in Nigeria averaged 958971.84 NGN Million from 1993 until 2021, reaching an all time high of 3148591.60 NGN Million in November 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 January of 2022.

Money Supply M0 in Nigeria is expected to be 2640000.00 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 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 Dec/21
Cash Reserve Ratio 27.50 27.50 percent Jan/22
Interbank Rate 10.95 10.95 percent Jan/22
Money Supply M1 17081031.93 16553042.48 NGN Million Nov/21
Money Supply M0 3148591.60 2965985.43 NGN Million Nov/21
Money Supply M2 42572203.40 41369902.01 NGN Million Nov/21
Foreign Exchange Reserves 40530.00 41190.00 USD Million Dec/21
Deposit Interest Rate 5.02 4.80 percent Oct/21
Money Supply M3 42576322.34 41370835.30 NGN Million Nov/21
Lending Rate 11.61 11.73 percent Oct/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.