Money Supply M2 in Nigeria increased to 43946387.71 NGN Million in December from 42572203.40 NGN Million in November of 2021. source: Central Bank of Nigeria

Money Supply M2 in Nigeria averaged 13529294.04 NGN Million from 2000 until 2021, reaching an all time high of 43946387.71 NGN Million in December of 2021 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 January of 2022.

Money Supply M2 in Nigeria is expected to be 45000000.00 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


Nigeria Money Supply M2
Nigeria Money Supply M2 includes M1 plus short-term time deposits in banks.
Actual Previous Highest Lowest Dates Unit Frequency
43946387.71 42572203.40 43946387.71 648506.60 2000 - 2021 NGN Million Monthly
Current Prices, NSA

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 8.89 8.89 percent Jan/22
Money Supply M1 18161339.38 17118885.10 NGN Million Dec/21
Money Supply M0 3325158.00 3148591.60 NGN Million Dec/21
Money Supply M2 43946387.71 42572203.40 NGN Million Dec/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 41475250.51 NGN Million Nov/21
Lending Rate 11.61 11.73 percent Oct/21