Money Supply M1 in Nigeria increased to 20608106.85 NGN Million in May from 19850944.01 NGN Million in April of 2022. source: Central Bank of Nigeria
Money Supply M1 in Nigeria averaged 4588717.80 NGN Million from 1993 until 2022, reaching an all time high of 20608106.85 NGN Million in May of 2022 and a record low of 74220.52 NGN Million in January of 1993. This page provides - Nigeria Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M1 - values, historical data and charts - was last updated on July of 2022.
Money Supply M1 in Nigeria is expected to be 23000000.00 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 M1 is projected to trend around 21000000.00 NGN Million in 2023 and 19000000.00 NGN Million in 2024, according to our econometric models.