Nigeria Reserve Requirement Ratio
2005 - 2026 | Monthly | % | Central Bank of Nigeria
Key information about Nigeria Reserve Requirement Ratio
- Cash Reserve Ratio was set as 45.0 % in May 2026
- Nigeria Reserve Requirement Ratio data updated monthly, available from Nov 2005 to May 2026
- The data is reported by Central Bank of Nigeria
- In the latest reports, Nigeria Money Supply M2 increased to 90.9 USD bn YoY in Apr 2026
- Foreign Exchange Reserves in Nigeria was measured at 45.8 USD bn in Dec 2025
View Nigeria's Reserve Requirement Ratio from Nov 2005 to May 2026 in the chart:
What was Nigeria's Reserve Requirement Ratio in May 2026?
Cash Reserve Ratio was set as 45.0 % in May 2026 See the table below for more data.
Last Previous Min Max Unit Frequency Range 45.0 May 2026 45.0 Apr 2026 1.0 Jan 2011 50.0 Aug 2025 % monthly Nov 2005 - May 2026 Reserve Requirement Ratio by Country Comparison
country/region Last Frequency Range Algeria (%) 2.0 Oct 2025 monthly Jun 2006 - Oct 2025 Argentina (%) 40.3 Feb 2026 monthly Apr 1985 - Feb 2026 Armenia (%) 8.0 2024 yearly 2008 - 2024 Austria (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 Azerbaijan (%) 5.0 Apr 2026 monthly May 1993 - Apr 2026 Bahrain (%) 5.0 Mar 2026 monthly Jan 2008 - Mar 2026 Bangladesh (%) 4.0 May 2026 monthly Oct 1999 - May 2026 Belarus (%) 20.0 May 2026 monthly Jul 1998 - May 2026 Belgium (%) 1.0 May 2026 monthly Jan 1999 - May 2026 Bolivia (%) 8.5 Jan 2026 monthly Jan 2000 - Jan 2026 Bosnia and Herzegovina (%) 10.0 Apr 2026 monthly Aug 1997 - Apr 2026 Botswana (%) 0.0 May 2026 monthly Feb 2006 - May 2026 Brazil (%) 21.0 Apr 2026 monthly Jul 1994 - Apr 2026 Brunei (%) 5.0 May 2026 monthly Jan 2006 - May 2026 Bulgaria (%) 10.0 Mar 2026 monthly Dec 2004 - Mar 2026 Cambodia (%) 7.0 May 2026 monthly Jan 2008 - May 2026 China (%) 6.2 Apr 2026 monthly Jan 1985 - Apr 2026 Colombia (%) 8.0 May 2026 monthly Jun 2008 - May 2026 Croatia (%) 2.7 Dec 2022 monthly Jan 1993 - Dec 2022 Cyprus (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 Czech Republic (%) 4.0 Apr 2026 monthly Aug 1996 - Apr 2026 Ecuador (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022 Egypt (%) 16.0 Apr 2026 monthly Jan 2012 - Apr 2026 Estonia (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 European Union (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 Finland (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 France (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 Georgia (%) 5.0 May 2026 monthly Jan 1992 - May 2026 Germany (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 Greece (%) 1.0 May 2026 monthly Jan 1999 - May 2026 Hungary (%) 6.0 Jun 2026 monthly Mar 1994 - Jun 2026 Iceland (%) 3.0 May 2026 monthly Jun 1979 - May 2026 India (%) 3.0 May 2026 monthly Sep 1962 - May 2026 Indonesia (%) 9.0 May 2026 monthly Jan 1997 - May 2026 Iran (%) 10.0 May 2024 monthly Mar 2008 - May 2024 Ireland (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 Israel (%) 6.0 May 2026 monthly Jan 1995 - May 2026 Italy (%) 1.0 May 2026 monthly Jan 1999 - May 2026 Ivory Coast (%) 3.0 Mar 2026 monthly Oct 1993 - Mar 2026 Japan (%) 0.8 Mar 2026 monthly Oct 1980 - Mar 2026 Kazakhstan (%) 2.0 Apr 2026 monthly Jun 2015 - Apr 2026 Kenya (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023 South Korea (%) 7.0 May 2026 monthly Nov 1979 - May 2026 Kosovo (%) 10.0 2024 yearly 2001 - 2024 Kyrgyzstan (%) 9.0 Sep 2015 monthly Jan 2007 - Sep 2015 Laos (%) 8.0 May 2026 monthly Jan 2002 - May 2026 Latvia (%) 1.0 May 2026 monthly Jan 1999 - May 2026 Lebanon (%) 25.0 May 2026 monthly Dec 2002 - May 2026 Lithuania (%) 1.0 May 2026 monthly Jan 1999 - May 2026 Luxembourg (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 North Macedonia (%) 9.0 Apr 2026 monthly Jan 2004 - Apr 2026 Malawi (%) 10.0 May 2026 monthly Jan 2019 - May 2026 Malaysia (%) 1.0 Feb 2026 monthly Jan 1959 - Feb 2026 Malta (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 Mauritius (%) 9.0 May 2026 monthly Jul 1998 - May 2026 Moldova (%) 18.0 Apr 2026 monthly Jan 2004 - Apr 2026 Mongolia (%) 14.0 May 2026 monthly Jan 2005 - May 2026 Montenegro (%) 5.5 Mar 2026 monthly Jan 2002 - Mar 2026 Morocco (%) 0.0 Apr 2026 monthly Oct 1990 - Apr 2026 Mozambique (%) 29.0 May 2026 monthly Aug 2011 - May 2026 Myanmar (%) 3.8 May 2026 monthly May 2011 - May 2026 Nepal (%) 4.0 May 2026 monthly Jul 2003 - May 2026 Netherlands (%) 1.0 May 2026 monthly Jan 1999 - May 2026 Nigeria (%) 45.0 May 2026 monthly Nov 2005 - May 2026 Norway (%) 3.3 May 2026 monthly Oct 2011 - May 2026 Oman (%) 5.0 Mar 2026 monthly Jun 2006 - Mar 2026 Pakistan (%) 5.0 May 2026 monthly Jul 2006 - May 2026 Peru (%) 5.5 May 2026 monthly Apr 1997 - May 2026 Philippines (%) 5.0 May 2026 monthly May 1986 - May 2026 Poland (%) 3.5 Dec 2017 monthly Jan 1993 - Dec 2017 Portugal (%) 1.0 May 2026 monthly Jan 1999 - May 2026 Qatar (%) 3.5 Apr 2026 monthly Jan 2003 - Apr 2026 Romania (%) 8.0 May 2026 monthly Jan 2006 - May 2026 Russia (%) 4.5 May 2026 monthly Jul 2004 - May 2026 Saudi Arabia (%) 7.0 May 2026 monthly Mar 1980 - May 2026 Serbia (%) 7.0 Apr 2026 monthly Jan 2005 - Apr 2026 Slovakia (%) 1.0 Jul 2021 monthly Jan 1999 - Jul 2021 Slovenia (%) 1.0 May 2026 monthly Jan 1999 - May 2026 South Africa (%) 2.5 May 2026 monthly Feb 1994 - May 2026 Spain (%) 1.0 Apr 2026 monthly Jan 1999 - Apr 2026 Sri Lanka (%) 2.0 Nov 2025 monthly Mar 1997 - Nov 2025 Sudan (%) 18.0 May 2026 monthly Jan 2003 - May 2026 Taiwan, China (%) 5.0 Nov 2025 monthly Dec 1988 - Nov 2025 Tajikistan (%) 3.0 Dec 2025 quarterly Mar 2008 - Dec 2025 Thailand (%) 1.0 May 2026 monthly Sep 1997 - May 2026 Tunisia (%) 1.0 Apr 2026 monthly Oct 1964 - Apr 2026 Turkey (%) 17.0 May 2026 monthly Jan 2011 - May 2026 Ukraine (%) 20.0 Jun 2025 monthly Dec 2014 - Jun 2025 United Arab Emirates (%) 1.0 Apr 2026 monthly Jan 2000 - Apr 2026 United States (%) 0.0 May 2026 monthly Nov 1980 - May 2026 Venezuela (%) 73.0 May 2026 monthly Jan 2004 - May 2026 Vietnam (%) 3.0 Apr 2026 monthly Feb 2010 - Apr 2026 Yemen (%) 7.0 Aug 2015 monthly Jul 1995 - Aug 2015 Zambia (%) 26.0 Apr 2026 monthly Jan 2004 - Apr 2026 Accurate Macro & Micro Economic Data You Can Trust
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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) 107,935.8 Dec 2025 quarterly Dec 2006 - Dec 2025 Government Debt: % of GDP (%) 35.9 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 Dec 2025 quarterly Dec 2005 - Dec 2025 Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024 Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024 Gross Federation Account Revenue: Oil (NGN bn) 3,518.110 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 (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024 Gross Federation Account Revenue (NGN bn) 11,925.570 Sep 2025 quarterly Mar 2005 - Sep 2025 Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024 Foreign Trade Last Frequency Range Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028 Trade Balance (USD mn) 3,004.1 Mar 2026 monthly Jan 2003 - Mar 2026 Total Exports (USD mn) 6,439.6 Mar 2026 monthly Jan 2003 - Mar 2026 Total Exports Growth (%) 30.7 Mar 2026 monthly Jan 2004 - Mar 2026 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 (%) -16.2 Mar 2026 monthly Jan 2004 - Mar 2026 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) 324.235 Mar 2026 monthly Jan 2003 - Mar 2026 Total Imports from USA (USD mn) 1,121.807 Mar 2026 monthly Dec 2009 - Mar 2026 Total Exports to China (USD mn) 78.524 Mar 2026 monthly Jan 2007 - Mar 2026 Total Imports from China (USD mn) 1,119.692 Mar 2026 monthly Jan 2007 - Mar 2026 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: America: ow USA (NGN mn) 447,061.290 Mar 2026 monthly Jan 2003 - Mar 2026 Exports: Europe: ow Netherlands (NGN mn) 791,854.048 Mar 2026 monthly Jan 2003 - Mar 2026 Exports (NGN mn) 8,879,063.634 Mar 2026 monthly Jan 2003 - Mar 2026 Exports: Europe: ow UK (NGN mn) 114,530.117 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Chemicals and Chemical Products (NGN mn) 570,118.418 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,553,430.417 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Food and Live Animals (NGN mn) 422,824.939 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Manufactured Goods (NGN mn) 496,244.386 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Machinery and Transport Equipment (NGN mn) 1,422,618.451 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Europe: ow Germany (NGN mn) 98,556.391 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Asia: ow China (NGN mn) 1,543,851.231 Mar 2026 monthly Jan 2007 - Mar 2026 Imports: Europe: ow Netherlands (NGN mn) 57,374.515 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: America: ow USA (NGN mn) 1,546,767.888 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Europe: ow UK (NGN mn) 67,040.903 Mar 2026 monthly Jan 2003 - Mar 2026 Imports (NGN mn) 4,736,895.023 Mar 2026 monthly Jan 2003 - Mar 2026 Exports: Crude Oil (NGN mn) 4,837,276.909 Mar 2026 monthly Jan 2003 - Mar 2026 Total Trade (NGN mn) 13,615,958.657 Mar 2026 monthly Jan 2003 - Mar 2026 Imports: Growth Rate: MoM (%) 5.042 Mar 2026 monthly Jan 2019 - Mar 2026 Exports: Growth Rate: MoM (%) 49.461 Mar 2026 monthly Jan 2019 - Mar 2026 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) 673.0 Dec 2025 quarterly Mar 2008 - Dec 2025 Current Account Balance (USD mn) 1,397.2 Dec 2025 quarterly Mar 2014 - Dec 2025 Current Account Balance: % of GDP (%) 1.6 Dec 2025 quarterly Mar 2014 - Dec 2025 Foreign Direct Investment (USD mn) 1,113.0 Dec 2025 quarterly Mar 2014 - Dec 2025 Foreign Direct Investment: % of GDP (%) 1.3 Dec 2025 quarterly Mar 2010 - Dec 2025 Foreign Portfolio Investment (USD mn) 5,270.221 Dec 2025 quarterly Mar 2008 - Dec 2025 Foreign Portfolio Investment: % of GDP (%) 6.2 Dec 2025 quarterly Mar 2010 - Dec 2025 Foreign Portfolio Investment: Equity Securities (USD mn) 325.0 Dec 2025 quarterly Mar 2008 - Dec 2025 Foreign Portfolio Investment: Debt Securities (USD mn) 4,945.254 Dec 2025 quarterly Mar 2008 - Dec 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) -90,151.210 2025 yearly 2005 - 2025 External Debt: Government (USD mn) 51,856.030 Dec 2025 quarterly Dec 2006 - Dec 2025 External Debt: Government: International Capital Market (USD mn) 18,547.470 Dec 2025 quarterly Mar 2011 - 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) 31,836.736 Apr 2026 monthly Apr 1990 - Apr 2026 Money Supply M2 (USD mn) 90,928.666 Apr 2026 monthly Apr 1990 - Apr 2026 M2 Growth (%) 4.8 Apr 2026 monthly Apr 1991 - Apr 2026 Reserve Requirement Ratio (%) 45.0 May 2026 monthly Nov 2005 - May 2026 Foreign Exchange Reserves (USD mn) 45,752.8 Dec 2025 monthly Jan 1960 - Dec 2025 Foreign Exchange Reserves: % of GDP (%) 16.055 Dec 2025 quarterly Dec 2010 - Dec 2025 Foreign Exchange Reserves: Months of Import (NA) 11.1 Dec 2025 monthly Jan 2003 - Dec 2025 Gold Reserves (USD mn) 2,978.457 Dec 2025 monthly Dec 1950 - Dec 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) 87,442.3 Apr 2026 monthly Apr 1990 - Apr 2026 Domestic Credit Growth (%) 17.8 Apr 2026 monthly Apr 1991 - Apr 2026 Private Debt: % of Nominal GDP (%) 11.34 Jun 2024 quarterly Dec 2010 - Jun 2024 Monetary Survey: Liabilities: Base Money (NGN mn) 40,249,851.860 Apr 2026 monthly Apr 1990 - Apr 2026 Monetary Survey: Liabilities: M2: M1 (NGN mn) 43,757,782.360 Apr 2026 monthly Apr 1990 - Apr 2026 Monetary Survey: Liabilities: M2 (NGN mn) 124,976,277.400 Apr 2026 monthly Apr 1990 - Apr 2026 Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 81,218,495.040 Apr 2026 monthly Apr 1990 - Apr 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) -5.0 May 2026 monthly Jul 2015 - May 2026 More Indicators for Nigeria
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