Nigeria Reserve Requirement Ratio
2005 - 2025 | Monthly | % | Central Bank of Nigeria
Key information about Nigeria Reserve Requirement Ratio
- Cash Reserve Ratio was set as 50.0 % in Feb 2025
- Nigeria Reserve Requirement Ratio data updated monthly, available from Nov 2005 to Feb 2025
- The data is reported by Central Bank of Nigeria
- In the latest reports, Nigeria Money Supply M2 increased to 75.1 USD bn YoY in Jan 2025
- Foreign Exchange Reserves in Nigeria was measured at 40.4 USD bn in Nov 2024
View Nigeria's Reserve Requirement Ratio from Nov 2005 to Feb 2025 in the chart:
What was Nigeria's Reserve Requirement Ratio in Feb 2025?
Cash Reserve Ratio was set as 50.0 % in Feb 2025 See the table below for more data.
Last Previous Min Max Unit Frequency Range 50.0 Feb 2025 50.0 Jan 2025 1.0 Jan 2011 50.0 Feb 2025 % monthly Nov 2005 - Feb 2025 Reserve Requirement Ratio by Country Comparison
country/region Last Frequency Range Algeria (%) 3.0 Mar 2024 monthly Jun 2006 - Mar 2024 Argentina (%) 40.9 Nov 2024 monthly Apr 1985 - Nov 2024 Armenia (%) 8.0 2023 yearly 2008 - 2023 Austria (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Azerbaijan (%) 5.0 Feb 2025 monthly May 1993 - Feb 2025 Bahrain (%) 5.0 Feb 2025 monthly Jan 2008 - Feb 2025 Bangladesh (%) 4.0 Feb 2025 monthly Oct 1999 - Feb 2025 Belarus (%) 20.0 Feb 2025 monthly Jul 1998 - Feb 2025 Belgium (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Bolivia (%) 8.5 Dec 2024 monthly Jan 2000 - Dec 2024 Bosnia and Herzegovina (%) 10.0 Jan 2025 monthly Aug 1997 - Jan 2025 Botswana (%) 2.5 Feb 2021 monthly Feb 2006 - Feb 2021 Brazil (%) 21.0 Feb 2025 monthly Jul 1994 - Feb 2025 Brunei (%) 6.0 Jan 2025 monthly Jan 2006 - Jan 2025 Bulgaria (%) 10.0 Feb 2025 monthly Dec 2004 - Feb 2025 Cambodia (%) 7.0 Feb 2025 monthly Jan 2008 - Feb 2025 China (%) 6.6 Feb 2025 monthly Jan 1985 - Feb 2025 Colombia (%) 8.0 Feb 2025 monthly Jun 2008 - Feb 2025 Croatia (%) 2.7 Dec 2022 monthly Jan 1993 - Dec 2022 Cyprus (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Czech Republic (%) 2.0 Jan 2025 monthly Aug 1996 - Jan 2025 Ecuador (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022 Egypt (%) 18.0 Feb 2025 monthly Jan 2012 - Feb 2025 Estonia (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 European Union (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Finland (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 France (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Georgia (%) 5.0 Jan 2025 monthly Jan 1992 - Jan 2025 Germany (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Greece (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Hungary (%) 10.0 Feb 2025 monthly Mar 1994 - Feb 2025 Iceland (%) 3.0 Oct 2024 monthly Jun 1979 - Oct 2024 India (%) 4.0 Feb 2025 monthly Sep 1962 - Feb 2025 Indonesia (%) 9.0 Feb 2025 monthly Jan 1997 - Feb 2025 Iran (%) 10.0 May 2024 monthly Mar 2008 - May 2024 Ireland (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Israel (%) 6.0 Feb 2025 monthly Jan 1995 - Feb 2025 Italy (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Ivory Coast (%) 3.0 Dec 2023 monthly Oct 1993 - Dec 2023 Japan (%) 0.8 Dec 2024 monthly Oct 1980 - Dec 2024 Kazakhstan (%) 2.0 Mar 2025 monthly Jun 2015 - Mar 2025 Kenya (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023 South Korea (%) 7.0 Feb 2025 monthly Nov 1979 - Feb 2025 Kosovo (%) 10.0 2022 yearly 2001 - 2022 Kyrgyzstan (%) 9.0 Sep 2015 monthly Jan 2007 - Sep 2015 Laos (%) 8.0 Feb 2025 monthly Jan 2002 - Feb 2025 Latvia (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Lebanon (%) 25.0 Feb 2025 monthly Dec 2002 - Feb 2025 Lithuania (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Luxembourg (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 North Macedonia (%) 8.0 Jan 2025 monthly Jan 2004 - Jan 2025 Malawi (%) 10.0 Jan 2025 monthly Jan 2019 - Jan 2025 Malaysia (%) 2.0 Feb 2025 monthly Jan 1959 - Feb 2025 Malta (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Mauritius (%) 9.0 Feb 2025 monthly Jul 1998 - Feb 2025 Moldova (%) 25.0 Dec 2024 monthly Jan 2004 - Dec 2024 Mongolia (%) 13.0 Feb 2025 monthly Jan 2005 - Feb 2025 Montenegro (%) 5.5 Feb 2025 monthly Jan 2002 - Feb 2025 Morocco (%) 0.0 Feb 2025 monthly Oct 1990 - Feb 2025 Mozambique (%) 29.0 Mar 2025 monthly Aug 2011 - Mar 2025 Myanmar (%) 3.8 Feb 2025 monthly May 2011 - Feb 2025 Nepal (%) 4.0 Feb 2025 monthly Jul 2003 - Feb 2025 Netherlands (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Nigeria (%) 50.0 Feb 2025 monthly Nov 2005 - Feb 2025 Norway (%) 3.5 Feb 2025 monthly Oct 2011 - Feb 2025 Oman (%) 5.0 Feb 2025 monthly Jun 2006 - Feb 2025 Pakistan (%) 5.0 Feb 2025 monthly Jul 2006 - Feb 2025 Peru (%) 5.5 Feb 2025 monthly Apr 1997 - Feb 2025 Philippines (%) 7.0 Feb 2025 monthly May 1986 - Feb 2025 Poland (%) 3.5 Dec 2017 monthly Jan 1993 - Dec 2017 Portugal (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Qatar (%) 4.5 Feb 2025 monthly Jan 2003 - Feb 2025 Romania (%) 8.0 Feb 2025 monthly Jan 2006 - Feb 2025 Russia (%) 4.5 Feb 2025 monthly Jul 2004 - Feb 2025 Saudi Arabia (%) 7.0 Feb 2025 monthly Mar 1980 - Feb 2025 Serbia (%) 7.0 Jan 2025 monthly Jan 2005 - Jan 2025 Slovakia (%) 1.0 Jul 2021 monthly Jan 1999 - Jul 2021 Slovenia (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 South Africa (%) 2.5 Feb 2025 monthly Feb 1994 - Feb 2025 Spain (%) 1.0 Feb 2025 monthly Jan 1999 - Feb 2025 Sri Lanka (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023 Sudan (%) 18.0 Feb 2025 monthly Jan 2003 - Feb 2025 Taiwan (%) 5.0 Feb 2025 monthly Dec 1988 - Feb 2025 Tajikistan (%) 3.0 Sep 2024 quarterly Mar 2008 - Sep 2024 Thailand (%) 1.0 Feb 2025 monthly Sep 1997 - Feb 2025 Tunisia (%) 1.0 Jan 2025 monthly Oct 1964 - Jan 2025 Turkey (%) 8.0 Feb 2025 monthly Jan 2011 - Feb 2025 Ukraine (%) 20.0 Feb 2025 monthly Dec 2014 - Feb 2025 United Arab Emirates (%) 1.0 Feb 2025 monthly Jan 2000 - Feb 2025 United States (%) 0.0 Feb 2025 monthly Nov 1980 - Feb 2025 Venezuela (%) 73.0 Feb 2025 monthly Jan 2004 - Feb 2025 Vietnam (%) 3.0 Feb 2025 monthly Feb 2010 - Feb 2025 Yemen (%) 7.0 Aug 2015 monthly Jul 1995 - Aug 2015 Zambia (%) 26.0 Dec 2024 monthly Jan 2004 - Dec 2024 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 (%) -5.7 Sep 2024 quarterly Dec 2010 - Sep 2024 Consolidated Fiscal Balance (USD mn) -2,078.997 Sep 2024 quarterly Mar 2005 - Sep 2024 National Government Debt (USD mn) 86,261.2 Sep 2024 quarterly Dec 2006 - Sep 2024 Government Debt: % of GDP (%) 53.8 Sep 2024 quarterly Dec 2010 - Sep 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 Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024 Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024 Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024 Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024 Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024 Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024 Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024 Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024 Foreign Trade Last Frequency Range Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028 Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024 Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024 Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 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 (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 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) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024 Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024 Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024 Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024 Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024 Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024 Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024 Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024 Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024 Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024 Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024 Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024 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 Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023 Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024 Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 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 Sep 2024 quarterly Mar 2010 - Sep 2024 Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024 Foreign Portfolio Investment: % of GDP (%) 4.3 Sep 2024 quarterly Mar 2010 - Sep 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) 43,026.6 Sep 2024 quarterly Dec 2006 - Sep 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) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024 External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 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) 24,967.124 Jan 2025 monthly Nov 1992 - Jan 2025 Money Supply M2 (USD mn) 75,096.954 Jan 2025 monthly Nov 1992 - Jan 2025 M2 Growth (%) 18.3 Jan 2025 monthly Nov 1993 - Jan 2025 Reserve Requirement Ratio (%) 50.0 Feb 2025 monthly Nov 2005 - Feb 2025 Foreign Exchange Reserves (USD mn) 40,380.0 Nov 2024 monthly Jan 1960 - Nov 2024 Foreign Exchange Reserves: % of GDP (%) 18.573 Sep 2024 quarterly Dec 2010 - Sep 2024 Foreign Exchange Reserves: Months of Import (NA) 14.5 Sep 2024 monthly Jan 2003 - Sep 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) 67,269.4 Jan 2025 monthly Nov 1992 - Jan 2025 Domestic Credit Growth (%) -0.6 Jan 2025 monthly Nov 1993 - Jan 2025 Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024 Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025 Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025 Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025 Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025 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) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024 More Indicators for Nigeria
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