Nigeria: Money supply (broad money)

* indicates monthly or quarterly data series
 Nigeria

Money supply, billion currency units

 Latest value 93968.49
 Reference February 2024
 Measure billion Nigerian Naira
 Data availability January 2000 - February 2024
 Average 17401.17
 Min - Max 648.51 - 93968.49
 Source Central Bank of Nigeria
For that indicator, we provide data for Nigeria from January 2000 to February 2024. The average value for Nigeria during that period was 17401.17 billion Nigerian Naira with a minimum of 648.51 billion Nigerian Naira in January 2000 and a maximum of 93968.49 billion Nigerian Naira in February 2024. Click on the following link to see the values of Money supply, billion currency units around the world.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Money supply (broad money) - recent values

Historical chart
Nigeria - Money supply (broad money) - historical chart - 2000-2024
Measure: billion Nigerian Naira
Source: Central Bank of Nigeria


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Definition: The money supply is the total amount of currency and other liquid instruments circulating in the economy. The indicator represents the broad money that include currency outside banks; demand, time, saving, and foreign currency deposits of resident sectors other than the central government; bank and traveler's checks; and other securities such as certificates of deposit and commercial paper.

 Related indicators Latest value Reference Measure
 Inflation 18.8 2022 percent
 Exchange rate regimes 6 2021 index points
 USD exchange rate 772.6651 9/2023 Local Currency Units per USD
 Money supply (broad money) 66,174.92 9/2023 billion
 Consumer Price Index (CPI) 606.0018 9/2023 index points
 Inflation, monthly 2.10 9/2023 percent
 Inflation, annual 26.72 9/2023 percent
 Private sector credit 59,507.35 9/2023 billion
 Deposit interest rate 8.49 9/2023 percent
 Business credit interest rate 14.32 9/2023 percent
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