Nigeria Reserve Requirement Ratio
2005 - 2025 | Monthly | % | Central Bank of Nigeria
Key information about Nigeria Reserve Requirement Ratio
- Cash Reserve Ratio was set as 45.0 % in Oct 2025
- Nigeria Reserve Requirement Ratio data updated monthly, available from Nov 2005 to Oct 2025
- The data is reported by Central Bank of Nigeria
- In the latest reports, Nigeria Money Supply M2 increased to 83.7 USD bn YoY in Oct 2025
- Foreign Exchange Reserves in Nigeria was measured at 38.9 USD bn in Jan 2025
View Nigeria's Reserve Requirement Ratio from Nov 2005 to Oct 2025 in the chart:
What was Nigeria's Reserve Requirement Ratio in Oct 2025?
Cash Reserve Ratio was set as 45.0 % in Oct 2025 See the table below for more data.
Last Previous Min Max Unit Frequency Range 45.0 Oct 2025 45.0 Sep 2025 1.0 Jan 2011 50.0 Aug 2025 % monthly Nov 2005 - Oct 2025 Reserve Requirement Ratio by Country Comparison
country/region Last Frequency Range Algeria (%) 2.0 Oct 2025 monthly Jun 2006 - Oct 2025 Argentina (%) 39.6 Jul 2025 monthly Apr 1985 - Jul 2025 Armenia (%) 8.0 2024 yearly 2008 - 2024 Austria (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Azerbaijan (%) 5.0 Oct 2025 monthly May 1993 - Oct 2025 Bahrain (%) 5.0 Aug 2025 monthly Jan 2008 - Aug 2025 Bangladesh (%) 4.0 Nov 2025 monthly Oct 1999 - Nov 2025 Belarus (%) 20.0 Dec 2025 monthly Jul 1998 - Dec 2025 Belgium (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Bolivia (%) 8.5 Aug 2025 monthly Jan 2000 - Aug 2025 Bosnia and Herzegovina (%) 10.0 Aug 2025 monthly Aug 1997 - Aug 2025 Botswana (%) 0.0 Nov 2025 monthly Feb 2006 - Nov 2025 Brazil (%) 21.0 Nov 2025 monthly Jul 1994 - Nov 2025 Brunei (%) 5.0 Oct 2025 monthly Jan 2006 - Oct 2025 Bulgaria (%) 10.0 Nov 2025 monthly Dec 2004 - Nov 2025 Cambodia (%) 7.0 Nov 2025 monthly Jan 2008 - Nov 2025 China (%) 6.2 Nov 2025 monthly Jan 1985 - Nov 2025 Colombia (%) 8.0 Nov 2025 monthly Jun 2008 - Nov 2025 Croatia (%) 2.7 Dec 2022 monthly Jan 1993 - Dec 2022 Cyprus (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Czech Republic (%) 2.0 Sep 2025 monthly Aug 1996 - Sep 2025 Ecuador (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022 Egypt (%) 18.0 Nov 2025 monthly Jan 2012 - Nov 2025 Estonia (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 European Union (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Finland (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 France (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Georgia (%) 5.0 Oct 2025 monthly Jan 1992 - Oct 2025 Germany (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Greece (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Hungary (%) 8.0 Dec 2025 monthly Mar 1994 - Dec 2025 Iceland (%) 3.0 Nov 2025 monthly Jun 1979 - Nov 2025 India (%) 3.0 Nov 2025 monthly Sep 1962 - Nov 2025 Indonesia (%) 9.0 Nov 2025 monthly Jan 1997 - Nov 2025 Iran (%) 10.0 May 2024 monthly Mar 2008 - May 2024 Ireland (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Israel (%) 6.0 Nov 2025 monthly Jan 1995 - Nov 2025 Italy (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Ivory Coast (%) 3.0 Aug 2025 monthly Oct 1993 - Aug 2025 Japan (%) 0.8 Sep 2025 monthly Oct 1980 - Sep 2025 Kazakhstan (%) 2.0 Oct 2025 monthly Jun 2015 - Oct 2025 Kenya (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023 South Korea (%) 7.0 Nov 2025 monthly Nov 1979 - Nov 2025 Kosovo (%) 10.0 2023 yearly 2001 - 2023 Kyrgyzstan (%) 9.0 Sep 2015 monthly Jan 2007 - Sep 2015 Laos (%) 8.0 Nov 2025 monthly Jan 2002 - Nov 2025 Latvia (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Lebanon (%) 25.0 Oct 2025 monthly Dec 2002 - Oct 2025 Lithuania (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Luxembourg (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 North Macedonia (%) 8.0 Nov 2025 monthly Jan 2004 - Nov 2025 Malawi (%) 10.0 Nov 2025 monthly Jan 2019 - Nov 2025 Malaysia (%) 1.0 Nov 2025 monthly Jan 1959 - Nov 2025 Malta (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Mauritius (%) 9.0 Nov 2025 monthly Jul 1998 - Nov 2025 Moldova (%) 22.0 Oct 2025 monthly Jan 2004 - Oct 2025 Mongolia (%) 13.0 Nov 2025 monthly Jan 2005 - Nov 2025 Montenegro (%) 5.5 Oct 2025 monthly Jan 2002 - Oct 2025 Morocco (%) 0.0 Nov 2025 monthly Oct 1990 - Nov 2025 Mozambique (%) 29.0 Nov 2025 monthly Aug 2011 - Nov 2025 Myanmar (%) 3.8 Nov 2025 monthly May 2011 - Nov 2025 Nepal (%) 4.0 Sep 2025 monthly Jul 2003 - Sep 2025 Netherlands (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Nigeria (%) 45.0 Oct 2025 monthly Nov 2005 - Oct 2025 Norway (%) 3.0 Nov 2025 monthly Oct 2011 - Nov 2025 Oman (%) 5.0 Sep 2025 monthly Jun 2006 - Sep 2025 Pakistan (%) 5.0 Nov 2025 monthly Jul 2006 - Nov 2025 Peru (%) 5.5 Nov 2025 monthly Apr 1997 - Nov 2025 Philippines (%) 5.0 Nov 2025 monthly May 1986 - Nov 2025 Poland (%) 3.5 Dec 2017 monthly Jan 1993 - Dec 2017 Portugal (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Qatar (%) 4.5 Aug 2025 monthly Jan 2003 - Aug 2025 Romania (%) 8.0 Oct 2025 monthly Jan 2006 - Oct 2025 Russia (%) 4.5 Nov 2025 monthly Jul 2004 - Nov 2025 Saudi Arabia (%) 7.0 Oct 2025 monthly Mar 1980 - Oct 2025 Serbia (%) 7.0 Oct 2025 monthly Jan 2005 - Oct 2025 Slovakia (%) 1.0 Jul 2021 monthly Jan 1999 - Jul 2021 Slovenia (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 South Africa (%) 2.5 Nov 2025 monthly Feb 1994 - Nov 2025 Spain (%) 1.0 Oct 2025 monthly Jan 1999 - Oct 2025 Sri Lanka (%) 2.0 Nov 2025 monthly Mar 1997 - Nov 2025 Sudan (%) 18.0 Aug 2025 monthly Jan 2003 - Aug 2025 Taiwan (%) 5.0 Nov 2025 monthly Dec 1988 - Nov 2025 Tajikistan (%) 3.0 Jun 2025 quarterly Mar 2008 - Jun 2025 Thailand (%) 1.0 Nov 2025 monthly Sep 1997 - Nov 2025 Tunisia (%) 1.0 Oct 2025 monthly Oct 1964 - Oct 2025 Turkey (%) 8.0 Nov 2025 monthly Jan 2011 - Nov 2025 Ukraine (%) 20.0 Jun 2025 monthly Dec 2014 - Jun 2025 United Arab Emirates (%) 1.0 Nov 2025 monthly Jan 2000 - Nov 2025 United States (%) 0.0 Dec 2025 monthly Nov 1980 - Dec 2025 Venezuela (%) 73.0 Nov 2025 monthly Jan 2004 - Nov 2025 Vietnam (%) 3.0 Nov 2025 monthly Feb 2010 - Nov 2025 Yemen (%) 7.0 Aug 2015 monthly Jul 1995 - Aug 2015 Zambia (%) 26.0 Sep 2025 monthly Jan 2004 - Sep 2025 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) 97,066.2 Jun 2025 quarterly Dec 2006 - Jun 2025 Government Debt: % of GDP (%) 37.5 Jun 2025 quarterly Dec 2010 - Jun 2025 Forecast: Government Expenditure (NGN bn) 109,186.865 2030 yearly 1990 - 2030 Forecast: Government Net Debt (NGN bn) 295,803.687 2030 yearly 1990 - 2030 Forecast: Government Revenue (NGN bn) 80,747.215 2030 yearly 1990 - 2030 Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024 Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024 Federal Govt Revenue (NGN bn) 2,282.540 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 (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 Gross Federation Account Revenue (NGN bn) 6,865.840 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) 2,213.2 Jun 2025 monthly Jan 2003 - Jun 2025 Total Exports (USD mn) 4,858.0 Jun 2025 monthly Jan 2003 - Jun 2025 Total Exports Growth (%) 22.6 Jun 2025 monthly Jan 2004 - Jun 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 (%) 2.5 Jun 2025 monthly Jan 2004 - Jun 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) 264.685 Jun 2025 monthly Jan 2003 - Jun 2025 Total Imports from USA (USD mn) 503.329 Jun 2025 monthly Dec 2009 - Jun 2025 Total Exports to China (USD mn) 174.147 Jun 2025 monthly Jan 2007 - Jun 2025 Total Imports from China (USD mn) 1,013.525 Jun 2025 monthly Jan 2007 - Jun 2025 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: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024 Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 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) 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 Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Europe: ow UK (NGN mn) 134,085.602 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: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024 Imports: Food and Live Animals (NGN mn) 455,343.676 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: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 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) -551.1 Mar 2025 quarterly Mar 2008 - Mar 2025 Current Account Balance (USD mn) 3,726.7 Mar 2025 quarterly Mar 2014 - Mar 2025 Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024 Foreign Direct Investment (USD mn) 246.9 Mar 2025 quarterly Mar 2014 - Mar 2025 Foreign Direct Investment: % of GDP (%) 0.4 Mar 2025 quarterly Mar 2010 - Mar 2025 Foreign Portfolio Investment (USD mn) -5,026.384 Mar 2025 quarterly Mar 2008 - Mar 2025 Foreign Portfolio Investment: % of GDP (%) -8.1 Mar 2025 quarterly Mar 2010 - Mar 2025 Foreign Portfolio Investment: Equity Securities (USD mn) -133.9 Mar 2025 quarterly Mar 2008 - Mar 2025 Foreign Portfolio Investment: Debt Securities (USD mn) -4,892.510 Mar 2025 quarterly Mar 2008 - Mar 2025 External Debt (USD mn) 46,983.4 Jun 2025 quarterly Dec 2006 - Jun 2025 External Debt: % of GDP (%) 18.6 2024 yearly 1985 - 2024 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) 2.643 2030 yearly 1980 - 2030 Net International Investment Position (USD mn) -68,555.096 2024 yearly 2005 - 2024 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) 27,684.996 Oct 2025 monthly Apr 1990 - Oct 2025 Money Supply M2 (USD mn) 83,749.939 Oct 2025 monthly Apr 1990 - Oct 2025 M2 Growth (%) 10.2 Oct 2025 monthly Apr 1991 - Oct 2025 Reserve Requirement Ratio (%) 45.0 Oct 2025 monthly Nov 2005 - Oct 2025 Foreign Exchange Reserves (USD mn) 38,880.0 Jan 2025 monthly Jan 1960 - Jan 2025 Foreign Exchange Reserves: % of GDP (%) 16.359 Dec 2024 quarterly Dec 2010 - Dec 2024 Foreign Exchange Reserves: Months of Import (NA) 10.9 Jan 2025 monthly Jan 2003 - Jan 2025 Gold Reserves (USD mn) 2,152.409 Mar 2025 monthly Dec 1950 - Mar 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) 69,798.2 Oct 2025 monthly Apr 1990 - Oct 2025 Domestic Credit Growth (%) -12.6 Oct 2025 monthly Apr 1991 - Oct 2025 Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024 Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - 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 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025 Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - 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) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025 More Indicators for Nigeria
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