Money Supply M2 in Nigeria increased to 48555975.14 NGN Million in May from 47213250.48 NGN Million in April of 2022. source: Central Bank of Nigeria

Money Supply M2 in Nigeria averaged 14124138.54 NGN Million from 2000 until 2022, reaching an all time high of 48555975.14 NGN Million in May of 2022 and a record low of 648506.60 NGN Million in January of 2000. This page provides - Nigeria Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Money Supply M2 - values, historical data and charts - was last updated on June of 2022.

Money Supply M2 in Nigeria is expected to be 49300000.00 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 M2 is projected to trend around 46500000.00 NGN Million in 2023 and 47000000.00 NGN Million in 2024, according to our econometric models.

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Nigeria Money Supply M2

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 9.70 9.70 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 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 M2
Nigeria Money Supply M2 includes M1 plus short-term time deposits in banks.
Actual Previous Highest Lowest Dates Unit Frequency
48555975.14 47213250.48 48555975.14 648506.60 2000 - 2022 NGN Million Monthly
Current Prices, NSA