Nigeria Money Supply M2

1992 - 2024 | Monthly | USD mn | CEIC Data

Key information about Nigeria Money Supply M2

  • Nigeria Money Supply M2 was reported at 67.151 USD bn in Aug 2024
  • This records an increase from the previous number of 66.005 USD bn for Jul 2024
  • Nigeria Money Supply M2 data is updated monthly, averaging 62.761 USD bn from Nov 1992 to Aug 2024, with 382 observations
  • The data reached an all-time high of 120.895 USD bn in Apr 2023 and a record low of 5.546 USD bn in Feb 1993
  • Nigeria Money Supply M2 data remains active status in CEIC and is reported by CEIC Data
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M2: USD: Monthly

CEIC converts monthly Money Supply M2 into USD. The Central Bank of Nigeria provides Money Supply M2 in local currency. The Central Bank of Nigeria period end market exchange rate is used for currency conversions.

View Nigeria's Money Supply M2 from Nov 1992 to Aug 2024 in the chart:

Nigeria Money Supply M2

What was Nigeria's Money Supply M2 in Aug 2024?

Nigeria Money Supply M2 was reported at 67.151 USD bn in Aug 2024 See the table below for more data.

Last Previous Min Max Unit Frequency Range
67,150.889 Aug 2024 66,004.665 Jul 2024 5,545.983 Feb 1993 120,895.363 Apr 2023 USD mn monthly Nov 1992 - Aug 2024

Money Supply M2 by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 11,293.435 Sep 2024 monthly Dec 1993 - Sep 2024
Algeria (USD mn) 181,203.290 Dec 2023 monthly Jan 2001 - Dec 2023
Argentina (USD mn) 87,836.163 Sep 2024 monthly Jan 1990 - Sep 2024
Armenia (USD mn) 9,299.886 Aug 2024 monthly Jan 2002 - Aug 2024
Australia (USD mn) 2,132,379.740 Sep 2024 monthly Mar 1965 - Sep 2024
Austria (USD mn) 479,060.583 Aug 2024 monthly Sep 1997 - Aug 2024
Azerbaijan (USD mn) 21,042.781 Sep 2024 monthly Dec 1995 - Sep 2024
Bahrain (USD mn) 40,242.215 Sep 2024 monthly Dec 1974 - Sep 2024
Bangladesh (USD mn) 168,762.392 Sep 2024 monthly Jun 1986 - Sep 2024
Belarus (USD mn) 14,791.644 Oct 2024 monthly Nov 1993 - Oct 2024
Belgium (USD mn) 732,449.397 Sep 2024 monthly Dec 1996 - Sep 2024
Bolivia (USD mn) 22,468.595 Jun 2024 monthly Dec 1987 - Jun 2024
Bosnia and Herzegovina (USD mn) 21,627.435 Sep 2024 monthly Aug 1997 - Sep 2024
Botswana (USD mn) 9,012.618 Aug 2024 monthly Jan 2001 - Aug 2024
Brazil (USD mn) 1,038,581.629 May 2023 monthly Feb 1986 - May 2023
Brunei (USD mn) 12,963.000 Sep 2024 monthly Jan 1999 - Sep 2024
Bulgaria (USD mn) 93,035.268 Sep 2024 monthly Dec 1995 - Sep 2024
Cambodia (USD mn) 53,562.891 Sep 2024 monthly Jan 1995 - Sep 2024
Canada (USD mn) 1,915,151.358 Sep 2024 monthly Jan 1968 - Sep 2024
Chile (USD mn) 198,631.353 Oct 2024 monthly Jan 1986 - Oct 2024
China (USD mn) 41,471,680.978 Jun 2024 monthly Jan 1997 - Jun 2024
Colombia (USD mn) 161,207.989 May 2023 monthly Dec 1979 - May 2023
Croatia (USD mn) 76,138.650 Sep 2024 monthly Jun 1994 - Sep 2024
Czech Republic (USD mn) 298,062.429 Aug 2024 monthly Jan 2002 - Aug 2024
Denmark (USD mn) 203,577.099 Aug 2017 monthly Jan 1995 - Aug 2017
Ecuador (USD mn) 84,617.500 Sep 2024 monthly Dec 2006 - Sep 2024
Egypt (USD mn) 229,450.731 Sep 2024 monthly Jan 1996 - Sep 2024
Estonia (USD mn) 31,269.526 Sep 2024 monthly Jan 1993 - Sep 2024
European Union (USD mn) 17,168,912.561 Sep 2024 monthly Jan 1999 - Sep 2024
Finland (USD mn) 179,446.827 Sep 2024 monthly Jan 1980 - Sep 2024
France (USD mn) 3,337,144.867 Aug 2024 monthly Dec 1977 - Aug 2024
Georgia (USD mn) 10,295.945 Sep 2024 monthly Oct 1995 - Sep 2024
Germany (USD mn) 4,305,647.835 Sep 2024 monthly Jan 1969 - Sep 2024
Ghana (USD mn) 13,953.808 Jun 2024 quarterly Mar 1990 - Jun 2024
Greece (USD mn) 273,034.667 Sep 2024 monthly Jan 2001 - Sep 2024
Hong Kong SAR, China (USD mn) 2,343,798.129 Sep 2024 monthly Dec 1980 - Sep 2024
Hungary (USD mn) 118,592.673 Sep 2024 monthly Jan 1998 - Sep 2024
Iceland (USD mn) 15,540.962 Oct 2024 monthly Sep 1986 - Oct 2024
India (USD mn) 755,297.278 Sep 2024 monthly Mar 1994 - Sep 2024
Indonesia (USD mn) 577,078.566 Oct 2024 monthly Feb 1968 - Oct 2024
Iran (USD mn) 211,714.780 Jun 2024 monthly Dec 1999 - Jun 2024
Ireland (USD mn) 394,497.335 Sep 2024 monthly Jan 1999 - Sep 2024
Israel (USD mn) 376,289.696 Aug 2024 monthly Apr 1981 - Aug 2024
Italy (USD mn) 2,356,013.014 Sep 2024 monthly Dec 1974 - Sep 2024
Ivory Coast (USD mn) 28,849.763 Jul 2024 monthly Jan 2004 - Jul 2024
Japan (USD mn) 11,049,351.483 Sep 2024 monthly Jan 1957 - Sep 2024
Jordan (USD mn) 63,305.428 Sep 2024 monthly Jan 1990 - Sep 2024
Kazakhstan (USD mn) 74,535.502 Oct 2024 monthly Dec 1993 - Oct 2024
Kenya (USD mn) 31,297.631 Sep 2024 monthly Dec 1995 - Sep 2024
South Korea (USD mn) 3,106,310.174 Sep 2024 monthly Jan 1970 - Sep 2024
Kuwait (USD mn) 132,443.284 Oct 2024 monthly Jan 1994 - Oct 2024
Kyrgyzstan (USD mn) 5,359.377 Sep 2024 monthly Jan 1994 - Sep 2024
Laos (USD mn) 13,972.420 Sep 2024 quarterly Dec 1999 - Sep 2024
Latvia (USD mn) 22,948.669 Sep 2024 monthly Jul 2003 - Sep 2024
Lebanon (USD mn) 6,559.980 Feb 2024 monthly Dec 1979 - Feb 2024
Lithuania (USD mn) 60,629.803 Sep 2024 monthly Dec 1993 - Sep 2024
Luxembourg (USD mn) 425,070.298 Sep 2024 monthly Jan 1999 - Sep 2024
Macau SAR, China (USD mn) 96,991.055 Sep 2024 monthly Jun 1984 - Sep 2024
North Macedonia (USD mn) 8,511.992 Oct 2024 monthly Jan 2003 - Oct 2024
Malawi (USD mn) 2,740.293 Aug 2024 monthly Jan 1975 - Aug 2024
Malaysia (USD mn) 584,382.133 Sep 2024 monthly Dec 1969 - Sep 2024
Malta (USD mn) 30,465.374 Aug 2024 monthly Jan 1992 - Aug 2024
Mauritius (USD mn) 19,988.327 Sep 2024 monthly Jul 1976 - Sep 2024
Mexico (USD mn) 707,141.239 May 2023 monthly Dec 1985 - May 2023
Moldova (USD mn) 6,915.586 Oct 2024 monthly Jan 2000 - Oct 2024
Mongolia (USD mn) 12,384.304 Oct 2024 monthly Dec 1996 - Oct 2024
Morocco (USD mn) 160,432.332 Sep 2024 monthly Jan 1985 - Sep 2024
Mozambique (USD mn) 11,544.657 Sep 2024 monthly Dec 2001 - Sep 2024
Myanmar (USD mn) 56,858.041 Jan 2021 monthly Apr 2012 - Jan 2021
Nepal (USD mn) 53,639.774 Oct 2024 monthly Jan 2001 - Oct 2024
Netherlands (USD mn) 1,247,401.892 Sep 2024 monthly Jan 1957 - Sep 2024
New Zealand (USD mn) 265,403.275 Sep 2024 monthly Mar 1988 - Sep 2024
Nigeria (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
Norway (USD mn) 290,664.280 Oct 2024 monthly Dec 1992 - Oct 2024
Oman (USD mn) 64,219.766 Sep 2024 monthly Jan 1999 - Sep 2024
Pakistan (USD mn) 130,643.296 Sep 2024 monthly Jan 1988 - Sep 2024
Palestinian Territory (USD mn) 17,175.162 Sep 2024 monthly Jul 2002 - Sep 2024
Panama (USD mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024
Paraguay (USD mn) 10,164.324 Oct 2024 monthly Dec 1988 - Oct 2024
Peru (USD mn) 133,409.671 Sep 2024 monthly Jan 1992 - Sep 2024
Philippines (USD mn) 306,326.429 Sep 2024 monthly Dec 1988 - Sep 2024
Poland (USD mn) 608,149.207 Aug 2024 monthly Dec 1996 - Aug 2024
Portugal (USD mn) 319,068.019 Sep 2024 monthly Dec 1979 - Sep 2024
Qatar (USD mn) 202,574.368 Sep 2024 monthly Jan 1982 - Sep 2024
Romania (USD mn) 157,080.256 Sep 2024 monthly Dec 2001 - Sep 2024
Russia (USD mn) 1,160,893.989 Sep 2024 monthly Jun 1992 - Sep 2024
Saudi Arabia (USD mn) 697,175.467 Sep 2024 monthly Jan 1993 - Sep 2024
Serbia (USD mn) 22,852.049 Sep 2024 monthly Aug 2001 - Sep 2024
Singapore (USD mn) 1,033,462.978 Sep 2024 monthly Mar 2004 - Sep 2024
Slovakia (USD mn) 97,545.219 Sep 2024 monthly Dec 2000 - Sep 2024
Slovenia (USD mn) 51,601.350 Sep 2024 monthly Jan 1994 - Sep 2024
South Africa (USD mn) 244,131.864 Aug 2024 monthly Mar 1965 - Aug 2024
Spain (USD mn) 1,730,725.990 Sep 2024 monthly Jan 1962 - Sep 2024
Sri Lanka (USD mn) 41,575.338 Sep 2024 monthly Jan 1994 - Sep 2024
Sudan (USD mn) 8,545.354 Mar 2022 monthly Dec 2003 - Mar 2022
Sweden (USD mn) 475,430.563 Sep 2024 monthly Jan 1998 - Sep 2024
Switzerland (USD mn) 1,086,936.864 Oct 2024 monthly Dec 1984 - Oct 2024
Syria (USD mn) 33,769.510 Dec 2011 monthly Dec 1994 - Dec 2011
Taiwan (USD mn) 1,992,539.019 Oct 2024 monthly Jan 1992 - Oct 2024
Tajikistan (USD mn) 4,099.550 Sep 2024 monthly Dec 2000 - Sep 2024

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
National Government Debt (USD mn) 88,444.7 Jun 2024 quarterly Dec 2006 - Jun 2024
Government Debt: % of GDP (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,733.500 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Government Debt: Domestic (NGN bn) 66,957.878 Jun 2024 quarterly Dec 2005 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports (USD mn) 4,913.5 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports Growth (%) 163.7 Jun 2024 monthly Jan 2004 - Jun 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 83.0 Jun 2024 monthly Jan 2004 - Jun 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 658.371 Jun 2024 monthly Jan 2003 - Jun 2024
Total Imports from USA (USD mn) 177.707 Jun 2024 monthly Dec 2009 - Jun 2024
Total Exports to China (USD mn) 160.464 Jun 2024 monthly Jan 2007 - Jun 2024
Total Imports from China (USD mn) 737.510 Jun 2024 monthly Jan 2007 - Jun 2024
Exports: Crude Oil (NGN mn) 5,457,219.231 Jun 2024 monthly Jan 2003 - Jun 2024
Total Trade (NGN mn) 10,433,069.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: America: ow USA (NGN mn) 975,552.174 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow Netherlands (NGN mn) 434,520.151 Jun 2024 monthly Jan 2003 - Jun 2024
Exports (NGN mn) 7,280,672.000 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow UK (NGN mn) 4,761.874 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 89,695.701 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow Germany (NGN mn) 91,725.002 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Asia: ow China (NGN mn) 1,092,816.851 Jun 2024 monthly Jan 2007 - Jun 2024
Imports: America: ow USA (NGN mn) 263,320.371 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow UK (NGN mn) 39,682.510 Jun 2024 monthly Jan 2003 - Jun 2024
Imports (NGN mn) 3,152,397.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Chemicals and Chemical Products (NGN mn) 531,688.790 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 564,023.272 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Manufactured Goods (NGN mn) 415,104.163 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Food and Live Animals (NGN mn) 464,465.517 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Machinery and Transport Equipment (NGN mn) 939,658.575 Jun 2024 monthly Jan 2003 - Jun 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 42,901.0 Jun 2024 quarterly Dec 2006 - Jun 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 42,901.010 Jun 2024 quarterly Dec 2006 - Jun 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Jun 2024 quarterly Mar 2011 - Jun 2024
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) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 50.0 Oct 2024 monthly Nov 2005 - Oct 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 16.3 Jun 2024 monthly Jan 2003 - Jun 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
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) 73,616.6 Sep 2024 monthly Nov 1992 - Sep 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 12.8 Oct 2024 monthly Jul 2015 - Oct 2024

More Indicators for Nigeria

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