Nigeria: Money supply (broad money)
* indicates monthly or quarterly data series
The most recent value is 108945.39 billion Nigerian Naira as of September 2024, an increase compared to the previous value of 107182.22 billion Nigerian Naira. Historically, the average for Nigeria from January 2000 to September 2024 is 19392.17 billion Nigerian Naira. The minimum of 648.51 billion Nigerian Naira was recorded in January 2000, while the maximum of 108945.39 billion Nigerian Naira was reached in September 2024.
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* indicates monthly or quarterly data series
- Measure: billion Nigerian Naira
- Source: Central Bank of Nigeria
| Recent values | Nigeria: Money supply, billion currency units |
|---|---|
| 2024 Sep | 108945.39 |
| 2024 Aug | 107182.22 |
| 2024 Jul | 106347.38 |
| 2024 Jun | 101450.52 |
| 2024 May | 98986.36 |
| 2024 Apr | 96963.52 |
| 2024 Mar | 92332.62 |
| 2024 Feb | 93968.49 |
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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 | Reference | Measure |
|---|---|---|---|
| Inflation | 24.7 | 2023 | percent |
| Exchange rate regimes | 5 | 2022 | index points |
| USD exchange rate | 1,502.4907 | 2/2025 | Local Currency Units per USD |
| Money supply (broad money) | 108,945.39 | 9/2024 | billion |
| Consumer Price Index (CPI) | 847.1421 | 11/2024 | index points |
| Inflation, monthly | 2.64 | 11/2024 | percent |
| Inflation, annual | 34.60 | 11/2024 | percent |
| Private sector credit | 75,845.34 | 9/2024 | billion |
| Deposit interest rate | 13.78 | 9/2024 | percent |
| Business credit interest rate | 16.75 | 9/2024 | percent |