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 June 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.

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Nigeria Money Supply M1

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 12.33 12.33 percent Jun 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 46541102.40 NGN Million May 2022
Foreign Exchange Reserves 38540.00 39650.00 USD Million May 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