Nigeria Money Supply M0June 2022 Data - 1993-2021 Historical - July Forecast

Name: Nigeria Money Supply M0
Creator: TRADING ECONOMICS
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Keywords: Nigeria,Money Supply M0,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Money Supply M0 in Nigeria increased to 3331796.22 NGN Million in May from 3308553.20 NGN Million in April of 2022. source: Central Bank of Nigeria

Money Supply M0 in Nigeria averaged 994857.72 NGN Million from 1993 until 2022, reaching an all time high of 3331796.22 NGN Million in May of 2022 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 July of 2022.

Money Supply M0 in Nigeria is expected to be 3600000.00 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 3900000.00 NGN Million in 2023 and 3800000.00 NGN Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Interest Rate	13.00	11.50	percent	May 2022
Cash Reserve Ratio	27.50	27.50	percent	Jun 2022
Interbank Rate	9.78	9.78	percent	Jul 2022
Money Supply M1	20608106.85	19850944.01	NGN Million	May 2022
Money Supply M0	3331796.22	3308553.20	NGN Million	May 2022
Money Supply M2	48555975.14	47213250.48	NGN Million	May 2022
Foreign Exchange Reserves	39090.00	38540.00	USD Million	Jun 2022
Deposit Interest Rate	4.44	4.41	percent	Apr 2022
Money Supply M3	46542025.44	45654456.11	NGN Million	Apr 2022
Lending Rate	11.83	11.84	percent	Apr 2022

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.