Nigeria M2 Growth
1991 - 2026 | Monthly | % | CEIC Data
Key information about Nigeria M2 Growth
- Nigeria Money Supply M2 increased 11.2 % YoY in Feb 2026, compared with a growth of 11.6 % in the previous month
- Nigeria Money Supply M2 growth data is updated monthly, available from Apr 1991 to Feb 2026
- The data reached an all-time high of 2,830.3 % in Dec 1991 and a record low of -8.9 % in Feb 2006
CEIC calculates M2 Growth Rate from monthly M2. The Central Bank of Nigeria provides M2 in local currency
View Nigeria's M2 Growth from Apr 1991 to Feb 2026 in the chart:
What was Nigeria's M2 Growth in Feb 2026?
Nigeria Money Supply M2 increased 11.2 % YoY in Feb 2026, compared with a growth of 11.6 % in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 11.2 Feb 2026 | 11.6 Jan 2026 | -8.9 Feb 2006 | 2,830.3 Dec 1991 | % | monthly | Apr 1991 - Feb 2026 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 12.5 Mar 2026 | monthly | Dec 1994 - Mar 2026 |
| Algeria (%) | 9.0 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Argentina (%) | 33.6 Feb 2026 | monthly | Jan 1991 - Feb 2026 |
| Armenia (%) | 22.0 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Australia (%) | 8.2 Mar 2026 | monthly | Mar 1966 - Mar 2026 |
| Austria (%) | 2.5 Mar 2026 | monthly | Sep 1998 - Mar 2026 |
| Azerbaijan (%) | 6.9 Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| Bahrain (%) | 4.0 Mar 2026 | monthly | Dec 1975 - Mar 2026 |
| Bangladesh (%) | 10.5 Feb 2026 | monthly | Jun 1987 - Feb 2026 |
| Belarus (%) | 25.8 Mar 2026 | monthly | Dec 1990 - Mar 2026 |
| Belgium (%) | 2.4 Mar 2026 | monthly | Dec 1997 - Mar 2026 |
| Bolivia (%) | 15.5 Jan 2026 | monthly | Dec 1988 - Jan 2026 |
| Bosnia and Herzegovina (%) | 10.6 Mar 2026 | monthly | Aug 1998 - Mar 2026 |
| Botswana (%) | 2.9 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Brazil (%) | 9.9 Mar 2026 | monthly | Jan 1971 - Mar 2026 |
| Bulgaria (%) | 19.3 Mar 2026 | monthly | Dec 1996 - Mar 2026 |
| Cambodia (%) | 6.1 Mar 2026 | monthly | Jan 1996 - Mar 2026 |
| Canada (%) | 3.7 Feb 2026 | monthly | Jan 1969 - Feb 2026 |
| Chile (%) | 4.5 Apr 2026 | monthly | Jan 1987 - Apr 2026 |
| China (%) | 8.5 Mar 2026 | monthly | Mar 1997 - Mar 2026 |
| Colombia (%) | 12.6 Mar 2026 | monthly | Dec 1980 - Mar 2026 |
| Croatia (%) | 6.6 Feb 2026 | monthly | Jun 1995 - Feb 2026 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 4.5 Mar 2026 | monthly | Jan 2003 - Mar 2026 |
| Denmark (%) | 2.5 Mar 2026 | monthly | Jan 1992 - Mar 2026 |
| Ecuador (%) | 11.8 Feb 2026 | monthly | Dec 2007 - Feb 2026 |
| Egypt (%) | 20.0 Mar 2026 | monthly | Jan 1997 - Mar 2026 |
| Estonia (%) | 4.9 Mar 2026 | monthly | Jan 2012 - Mar 2026 |
| European Union (%) | 4.0 Mar 2026 | monthly | Jan 1981 - Mar 2026 |
| Finland (%) | 1.4 Mar 2026 | monthly | Jan 1981 - Mar 2026 |
| France (%) | 0.9 Mar 2026 | monthly | Dec 1978 - Mar 2026 |
| Georgia (%) | 26.4 Mar 2026 | monthly | Oct 1996 - Mar 2026 |
| Germany (%) | 3.7 Mar 2026 | monthly | Jan 1970 - Mar 2026 |
| Ghana (%) | 26.9 Dec 2025 | quarterly | Mar 1991 - Dec 2025 |
| Greece (%) | 5.4 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Hong Kong SAR, China (%) | 9.3 Mar 2026 | monthly | Dec 1981 - Mar 2026 |
| Hungary (%) | 8.0 Mar 2026 | monthly | Jan 1999 - Mar 2026 |
| Iceland (%) | 6.0 Mar 2026 | monthly | Sep 1987 - Mar 2026 |
| India (%) | 17.6 Feb 2026 | monthly | Mar 1995 - Feb 2026 |
| Indonesia (%) | 9.7 Mar 2026 | monthly | Feb 1969 - Mar 2026 |
| Iran (%) | 36.8 Sep 2025 | monthly | Dec 2000 - Sep 2025 |
| Ireland (%) | 5.5 Mar 2026 | monthly | Jan 2000 - Mar 2026 |
| Israel (%) | 7.5 Jan 2026 | monthly | Apr 1982 - Jan 2026 |
| Italy (%) | 2.6 Mar 2026 | monthly | Dec 1975 - Mar 2026 |
| Ivory Coast (%) | 25.7 Feb 2026 | monthly | Jan 2005 - Feb 2026 |
| Japan (%) | 2.0 Mar 2026 | monthly | Jan 1968 - Mar 2026 |
| Jordan (%) | 6.1 Feb 2026 | monthly | Jan 1991 - Feb 2026 |
| Kazakhstan (%) | 16.6 Mar 2026 | monthly | Dec 1994 - Mar 2026 |
| Kenya (%) | 13.2 Feb 2026 | monthly | Dec 1996 - Feb 2026 |
| South Korea (%) | 4.7 Feb 2026 | monthly | Jan 1971 - Feb 2026 |
| Kosovo (%) | 12.4 2024 | yearly | 2002 - 2024 |
| Kuwait (%) | 1.9 Mar 2026 | monthly | Jan 1995 - Mar 2026 |
| Kyrgyzstan (%) | 50.1 Jan 2026 | monthly | Jan 1995 - Jan 2026 |
| Laos (%) | 19.1 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Latvia (%) | 9.6 Mar 2026 | monthly | Jan 2015 - Mar 2026 |
| Lebanon (%) | -6.5 Feb 2026 | monthly | Dec 1980 - Feb 2026 |
| Lithuania (%) | 11.4 Mar 2026 | monthly | Dec 1994 - Mar 2026 |
| Luxembourg (%) | 4.7 Mar 2026 | monthly | Jan 2000 - Mar 2026 |
| Macau SAR, China (%) | 6.0 Mar 2026 | monthly | Jun 1985 - Mar 2026 |
| North Macedonia (%) | 11.9 Mar 2026 | monthly | Jan 2004 - Mar 2026 |
| Malawi (%) | 51.0 Sep 2025 | monthly | Jan 1976 - Sep 2025 |
| Malaysia (%) | 5.6 Mar 2026 | monthly | Dec 1970 - Mar 2026 |
| Malta (%) | 6.2 Mar 2026 | monthly | Jan 2009 - Mar 2026 |
| Mauritius (%) | 8.6 Mar 2026 | monthly | Jul 1977 - Mar 2026 |
| Mexico (%) | 6.4 Mar 2026 | monthly | Dec 1986 - Mar 2026 |
| Moldova (%) | 14.2 Mar 2026 | monthly | Jan 2001 - Mar 2026 |
| Mongolia (%) | 21.3 Mar 2026 | monthly | Dec 1997 - Mar 2026 |
| Montenegro (%) | 9.9 2024 | yearly | 2003 - 2024 |
| Morocco (%) | 11.0 Mar 2026 | monthly | Jan 1986 - Mar 2026 |
| Mozambique (%) | 7.5 Feb 2026 | monthly | Dec 2002 - Feb 2026 |
| Myanmar (%) | 32.1 Sep 2025 | quarterly | Dec 2002 - Sep 2025 |
| Nepal (%) | 14.5 Apr 2026 | monthly | Jan 2002 - Apr 2026 |
| Netherlands (%) | 6.8 Mar 2026 | monthly | Dec 1957 - Mar 2026 |
| New Zealand (%) | 5.6 Mar 2026 | monthly | Mar 1989 - Mar 2026 |
| Nigeria (%) | 11.2 Feb 2026 | monthly | Apr 1991 - Feb 2026 |
| Norway (%) | 7.4 Mar 2026 | monthly | Dec 1993 - Mar 2026 |
| Oman (%) | 6.1 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Pakistan (%) | 17.2 Feb 2026 | monthly | Jan 1989 - Feb 2026 |
| Palestinian Territory (%) | 14.1 Mar 2026 | monthly | Jul 2003 - Mar 2026 |
| Panama (%) | 6.7 Feb 2026 | monthly | Dec 2003 - Feb 2026 |
| Paraguay (%) | 14.2 Mar 2026 | monthly | Dec 1989 - Mar 2026 |
| Peru (%) | 14.1 Mar 2026 | monthly | Jan 1993 - Mar 2026 |
| Philippines (%) | 11.2 Mar 2026 | monthly | Dec 1989 - Mar 2026 |
| Poland (%) | 11.3 Mar 2026 | monthly | Dec 1997 - Mar 2026 |
| Portugal (%) | 6.5 Mar 2026 | monthly | Dec 1980 - Mar 2026 |
| Qatar (%) | 5.5 Mar 2026 | monthly | Jan 1983 - Mar 2026 |
| Romania (%) | 7.3 Mar 2026 | monthly | Dec 2002 - Mar 2026 |
| Russia (%) | 11.8 Mar 2026 | monthly | Dec 1992 - Mar 2026 |
| Saudi Arabia (%) | 7.7 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Serbia (%) | 9.3 Mar 2026 | monthly | Aug 2002 - Mar 2026 |
| Singapore (%) | 6.8 Mar 2026 | monthly | Mar 2005 - Mar 2026 |
| Slovakia (%) | 6.4 Mar 2026 | monthly | Dec 2001 - Mar 2026 |
| Slovenia (%) | 7.1 Mar 2026 | monthly | Jan 2008 - Mar 2026 |
| South Africa (%) | 8.8 Mar 2026 | monthly | Mar 1966 - Mar 2026 |
| Spain (%) | 5.6 Mar 2026 | monthly | Jan 1963 - Mar 2026 |
| Sri Lanka (%) | 12.3 Mar 2026 | monthly | Jan 1995 - Mar 2026 |
| Sudan (%) | 96.5 Feb 2026 | monthly | Dec 2004 - Feb 2026 |
| Sweden (%) | 3.9 Mar 2026 | monthly | Jan 1999 - Mar 2026 |
| Switzerland (%) | 16.2 Oct 2025 | monthly | Dec 1985 - Oct 2025 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.0 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Consolidated Fiscal Balance (USD mn) | -1,902.660 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| National Government Debt (USD mn) | 56,131,610.0 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Government Debt: % of GDP (%) | 18,684.4 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Forecast: Government Expenditure (NGN bn) | 129,829.781 2031 | yearly | 1990 - 2031 |
| Forecast: Government Net Debt (NGN bn) | 318,517.716 2031 | yearly | 1990 - 2031 |
| Forecast: Government Revenue (NGN bn) | 110,023.853 2031 | yearly | 1990 - 2031 |
| Government Debt: Domestic (NGN bn) | 80,488,865.115 Dec 2025 | quarterly | Dec 2005 - Dec 2025 |
| Gross Federation Account Revenue (NGN bn) | 11,925.570 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Federal Govt Balance (NGN bn) | -3,084.970 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 4,210.940 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Federal Govt Revenue (NGN bn) | 2,519.820 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Federal Govt Expenditure (NGN bn) | 5,604.790 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Federal Govt Expenditure: Capital (NGN bn) | 958.160 Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 3,518.110 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 245.1 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Exports (USD mn) | 4,367.5 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Exports Growth (%) | -9.2 Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Aluminum: Exports (USD th) | 242,851.843 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 2,102.688 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 578.589 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 2,644.8 Jun 2025 | monthly | Jan 2003 - Jun 2025 |
| Total Imports Growth (%) | 9.9 Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: Medicament (USD th) | 605,905.663 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 335,165.261 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 162.467 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Imports from USA (USD mn) | 309.728 Dec 2025 | monthly | Dec 2009 - Dec 2025 |
| Total Exports to China (USD mn) | 157.315 Dec 2025 | monthly | Jan 2007 - Dec 2025 |
| Total Imports from China (USD mn) | 1,415.075 Dec 2025 | monthly | Jan 2007 - Dec 2025 |
| Exports: Vegetable Products (NGN mn) | 1,539,822.759 2025 | yearly | 2003 - 2025 |
| Exports: Mineral Products (NGN mn) | 73,459,088.314 2025 | yearly | 2003 - 2025 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 244,171.194 2025 | yearly | 2003 - 2025 |
| Exports (NGN mn) | 6,334,358.836 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Exports: America: ow USA (NGN mn) | 235,634.548 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Exports: Europe: ow Netherlands (NGN mn) | 663,947.498 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Exports: Europe: ow UK (NGN mn) | 47,516.769 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Chemicals and Chemical Products (NGN mn) | 999,721.947 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Food and Live Animals (NGN mn) | 850,483.714 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Manufactured Goods (NGN mn) | 621,984.130 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Machinery and Transport Equipment (NGN mn) | 1,929,321.105 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 1,191,103.588 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: America: ow USA (NGN mn) | 449,215.349 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Europe: ow Germany (NGN mn) | 145,581.678 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Asia: ow China (NGN mn) | 2,052,359.077 Dec 2025 | monthly | Jan 2007 - Dec 2025 |
| Imports: Europe: ow UK (NGN mn) | 302,058.111 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Europe: ow Netherlands (NGN mn) | 446,202.327 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports (NGN mn) | 5,978,855.607 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Exports: Crude Oil (NGN mn) | 3,256,138.155 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Trade (NGN mn) | 12,313,214.443 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Imports: Growth Rate: MoM (%) | 14.404 Dec 2025 | monthly | Jan 2019 - Dec 2025 |
| Exports: Growth Rate: MoM (%) | 3.151 Dec 2025 | monthly | Jan 2019 - Dec 2025 |
| Export Value Index (2015=100) | 110.100 2023 | yearly | 1980 - 2023 |
| Import Value Index (2015=100) | 110.300 2023 | yearly | 1980 - 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -164.4 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Current Account Balance (USD mn) | 3,416.4 Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Current Account Balance: % of GDP (%) | 4.4 Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Foreign Direct Investment (USD mn) | 718.4 Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 1.0 Sep 2025 | quarterly | Mar 2010 - Sep 2025 |
| Foreign Portfolio Investment (USD mn) | 2,512.415 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 3.4 Sep 2025 | quarterly | Mar 2010 - Sep 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 402.5 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 2,109.957 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| External Debt (USD mn) | 51,856.0 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| External Debt: % of GDP (%) | 12.0 2025 | yearly | 1985 - 2025 |
| External Debt: Short Term (USD mn) | 1,513.7 2022 | yearly | 2008 - 2022 |
| External Debt: Short Term: % of GDP (%) | 0.2 2022 | yearly | 2008 - 2022 |
| Forecast: Current Account Balance (USD bn) | 16.466 2031 | yearly | 1980 - 2031 |
| Net International Investment Position (USD mn) | -68,546.495 2024 | yearly | 2005 - 2024 |
| External Debt: Government: International Capital Market (USD mn) | 18,547.470 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| External Debt: Government (USD mn) | 51,856.030 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
| Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
| Money Supply M1 (USD mn) | 31,944.224 Feb 2026 | monthly | Apr 1990 - Feb 2026 |
| Money Supply M2 (USD mn) | 90,327.599 Feb 2026 | monthly | Apr 1990 - Feb 2026 |
| M2 Growth (%) | 11.2 Feb 2026 | monthly | Apr 1991 - Feb 2026 |
| Reserve Requirement Ratio (%) | 45.0 Apr 2026 | monthly | Nov 2005 - Apr 2026 |
| Foreign Exchange Reserves (USD mn) | 42,772.1 Sep 2025 | monthly | Jan 1960 - Sep 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 16.154 Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 12.7 Sep 2025 | monthly | Jan 2003 - Sep 2025 |
| Gold Reserves (USD mn) | 2,660.953 Sep 2025 | monthly | Dec 1950 - Sep 2025 |
| Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
| Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
| Domestic Credit (USD mn) | 98,297.6 Feb 2026 | monthly | Apr 1990 - Feb 2026 |
| Domestic Credit Growth (%) | 29.6 Feb 2026 | monthly | Apr 1991 - Feb 2026 |
| Private Debt: % of Nominal GDP (%) | 15.41 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 38,453,901.510 Feb 2026 | monthly | Apr 1990 - Feb 2026 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 123,107,068.550 Feb 2026 | monthly | Apr 1990 - Feb 2026 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 79,570,432.440 Feb 2026 | monthly | Apr 1990 - Feb 2026 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 43,536,636.110 Feb 2026 | monthly | Apr 1990 - Feb 2026 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Non Performing Loans to Gross Loans (%) | 5.760 Jun 2025 | semiannually | Dec 2003 - Jun 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -3.6 Apr 2026 | monthly | Jul 2015 - Apr 2026 |
More Indicators for Nigeria
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.