Nigeria Reserve Requirement Ratio
2005 - 2022 | Monthly | % | Central Bank of Nigeria
Key information about Nigeria Reserve Requirement Ratio
- Cash Reserve Ratio was set as 27.5 % in Jul 2022
- Nigeria Reserve Requirement Ratio data updated monthly, available from Nov 2005 to Jul 2022
- The data is reported by Central Bank of Nigeria
- In the latest reports, Nigeria Money Supply M2 increased to 117.7 USD bn YoY in Jun 2022
- Foreign Exchange Reserves in Nigeria was measured at 38.5 USD bn in May 2022
View Nigeria's Reserve Requirement Ratio from Nov 2005 to Jul 2022 in the chart:
What was Nigeria's Reserve Requirement Ratio in Jul 2022?
Cash Reserve Ratio was set as 27.5 % in Jul 2022 See the table below for more data.
Last Previous Min Max Unit Frequency Range 27.5 Jul 2022 27.5 Jun 2022 1.0 Jan 2011 31.0 Aug 2015 % monthly Nov 2005 - Jul 2022 Reserve Requirement Ratio by Country Comparison
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Includes Reserve Requirement Ratio on 94 economies standardised by CEIC. Instant access to full history data in excel.country/region Last Frequency Range Algeria (%) 2.0 Mar 2022 monthly Jun 2006 - Mar 2022 Argentina (%) 41.3 Mar 2022 monthly Apr 1985 - Mar 2022 Armenia (%) 8.0 2021 yearly 2008 - 2021 Austria (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Azerbaijan (%) 0.5 Jun 2022 monthly May 1993 - Jun 2022 Bahrain (%) 5.0 Jul 2022 monthly Jan 2008 - Jul 2022 Bangladesh (%) 4.0 Jul 2022 monthly Oct 1999 - Jul 2022 Belarus (%) 16.0 Aug 2022 monthly Jul 1998 - Aug 2022 Belgium (%) 1.0 Jun 2022 monthly Jan 1999 - Jun 2022 Bolivia (%) 10.0 May 2022 monthly Jan 2000 - May 2022 Bosnia and Herzegovina (%) 10.0 Jun 2022 monthly Aug 1997 - Jun 2022 Botswana (%) 2.5 Feb 2021 monthly Feb 2006 - Feb 2021 Brazil (%) 21.0 Jul 2022 monthly Jul 1994 - Jul 2022 Brunei (%) 6.0 Jul 2022 monthly Jan 2006 - Jul 2022 Bulgaria (%) 10.0 Jul 2022 monthly Dec 2004 - Jul 2022 Cambodia (%) 8.0 Jul 2022 monthly Jan 2008 - Jul 2022 China (%) 8.1 Jul 2022 monthly Jan 1985 - Jul 2022 Colombia (%) 8.0 Jul 2022 monthly Jun 2008 - Jul 2022 Croatia (%) 9.0 Jun 2022 monthly Jan 1993 - Jun 2022 Cyprus (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Czech Republic (%) 2.0 Jul 2022 monthly Aug 1996 - Jul 2022 Ecuador (%) 2.0 Jun 2022 monthly Dec 2009 - Jun 2022 Egypt (%) 14.0 Jul 2022 monthly Jan 2012 - Jul 2022 Estonia (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 European Union (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Finland (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 France (%) 1.0 Jun 2022 monthly Jan 1999 - Jun 2022 Georgia (%) 5.0 Jun 2022 monthly Jan 1992 - Jun 2022 Germany (%) 1.0 Jun 2022 monthly Jan 1999 - Jun 2022 Greece (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Hungary (%) 1.0 Jul 2022 monthly Mar 1994 - Jul 2022 Iceland (%) 1.0 Jul 2022 monthly Jun 1979 - Jul 2022 India (%) 4.5 Jul 2022 monthly Sep 1962 - Jul 2022 Indonesia (%) 7.5 Jul 2022 monthly Jan 1997 - Jul 2022 Iran (%) 10.0 Jun 2022 monthly Mar 2008 - Jun 2022 Ireland (%) 1.0 Jun 2022 monthly Jan 1999 - Jun 2022 Israel (%) 6.0 Jul 2022 monthly Jan 1995 - Jul 2022 Italy (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Ivory Coast (%) 3.0 Sep 2021 monthly Oct 1993 - Sep 2021 Japan (%) 0.8 May 2022 monthly Oct 1980 - May 2022 Kazakhstan (%) 2.0 Jun 2022 monthly Jun 2015 - Jun 2022 Kenya (%) 4.3 May 2022 monthly Dec 1999 - May 2022 South Korea (%) 7.0 Jul 2022 monthly Nov 1979 - Jul 2022 Kosovo (%) 10.0 2019 yearly 2001 - 2019 Kyrgyzstan (%) 9.0 Sep 2015 monthly Jan 2007 - Sep 2015 Laos (%) 5.0 Jul 2022 monthly Jan 2002 - Jul 2022 Latvia (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Lebanon (%) 25.0 Feb 2022 monthly Dec 2002 - Feb 2022 Lithuania (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Luxembourg (%) 1.0 Jun 2022 monthly Jan 1999 - Jun 2022 North Macedonia (%) 6.5 Jun 2022 monthly Jan 2004 - Jun 2022 Malawi (%) 3.8 Jun 2022 monthly Jan 2019 - Jun 2022 Malaysia (%) 2.0 Jul 2022 monthly Jun 1959 - Jul 2022 Malta (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Mauritius (%) 9.0 Jul 2022 monthly Jul 1998 - Jul 2022 Moldova (%) 30.0 May 2022 monthly Jan 2004 - May 2022 Mongolia (%) 8.0 Jul 2022 monthly Jan 2005 - Jul 2022 Montenegro (%) 5.5 Aug 2022 monthly Jan 2002 - Aug 2022 Morocco (%) 0.0 Jul 2022 monthly Oct 1990 - Jul 2022 Mozambique (%) 10.5 Apr 2022 monthly Aug 2011 - Apr 2022 Myanmar (%) 5.0 Jun 2022 monthly May 2011 - Jun 2022 Nepal (%) 3.0 Jun 2022 monthly Jul 2003 - Jun 2022 Netherlands (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Nigeria (%) 27.5 Jul 2022 monthly Nov 2005 - Jul 2022 Norway (%) 0.3 Jul 2022 monthly Oct 2011 - Jul 2022 Oman (%) 5.0 Jul 2022 monthly Jun 2006 - Jul 2022 Pakistan (%) 5.0 Jun 2022 monthly Jul 2006 - Jun 2022 Peru (%) 6.0 Jul 2022 monthly Apr 1997 - Jul 2022 Philippines (%) 12.0 Jul 2022 monthly May 1986 - Jul 2022 Poland (%) 3.5 Dec 2017 monthly Jan 1993 - Dec 2017 Portugal (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Qatar (%) 4.5 Jul 2022 monthly Jan 2003 - Jul 2022 Romania (%) 8.0 Jun 2022 monthly Jan 2006 - Jun 2022 Russia (%) 2.0 Jul 2022 monthly Jul 2004 - Jul 2022 Saudi Arabia (%) 7.0 Jul 2022 monthly Mar 1980 - Jul 2022 Serbia (%) 5.0 Aug 2022 monthly Jan 2005 - Aug 2022 Slovakia (%) 1.0 Jul 2021 monthly Jan 1999 - Jul 2021 Slovenia (%) 1.0 Jun 2022 monthly Jan 1999 - Jun 2022 South Africa (%) 2.5 Jul 2022 monthly Feb 1994 - Jul 2022 Spain (%) 1.0 Jul 2022 monthly Jan 1999 - Jul 2022 Sri Lanka (%) 4.0 Jun 2022 monthly Mar 1997 - Jun 2022 Sudan (%) 18.0 Jul 2022 monthly Jan 2003 - Jul 2022 Taiwan (%) 4.3 Jul 2022 monthly Dec 1988 - Jul 2022 Tajikistan (%) 3.0 Mar 2022 quarterly Mar 2008 - Mar 2022 Thailand (%) 1.0 Jul 2022 monthly Sep 1997 - Jul 2022 Tunisia (%) 1.0 Jul 2022 monthly Oct 1964 - Jul 2022 Turkey (%) 8.0 Jul 2022 monthly Jan 2011 - Jul 2022 Ukraine (%) 10.0 Jun 2022 monthly Dec 2014 - Jun 2022 United Arab Emirates (%) 1.0 Jul 2022 monthly Jan 2000 - Jul 2022 United States (%) 0.0 Jul 2022 monthly Nov 1980 - Jul 2022 Venezuela (%) 73.0 Jul 2022 monthly Jan 2004 - Jul 2022 Vietnam (%) 3.0 Jul 2022 monthly Feb 2010 - Jul 2022 Yemen (%) 7.0 Aug 2015 monthly Jul 1995 - Aug 2015 Zambia (%) 9.0 Jun 2022 monthly Jan 2004 - Jun 2022 Accurate Macro & Micro Economic Data You Can Trust
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Includes 207 key indicators for Nigeria, curated by CEIC analysts. Instant access to full history data in excel.Government and Public Finance Last Frequency Range Consolidated Fiscal Balance: % of GDP (%) -3.9 Dec 2020 quarterly Dec 2010 - Dec 2020 Consolidated Fiscal Balance (USD mn) -5,434.321 Dec 2021 quarterly Mar 2005 - Dec 2021 National Government Debt (USD mn) 88,421.5 Mar 2022 quarterly Dec 2006 - Mar 2022 Government Debt: % of GDP (%) 20.6 Mar 2022 quarterly Dec 2010 - Mar 2022 Forecast: Government Expenditure (NGN bn) 53,826.479 2027 yearly 1990 - 2027 Forecast: Government Net Debt (NGN bn) 173,827.955 2027 yearly 1990 - 2027 Forecast: Government Revenue (NGN bn) 28,821.587 2027 yearly 1990 - 2027 Federal Govt Expenditure: Capital (NGN bn) 745.710 Dec 2021 quarterly Mar 2005 - Dec 2021 Federal Govt Expenditure: Recurrent (NGN bn) 2,627.830 Dec 2021 quarterly Mar 2005 - Dec 2021 Federal Govt Revenue (NGN bn) 1,265.340 Dec 2021 quarterly Mar 2005 - Dec 2021 Federal Govt Balance (NGN bn) -2,232.330 Dec 2021 quarterly Mar 2005 - Dec 2021 Gross Federation Account Revenue (NGN bn) 2,844.730 Dec 2021 quarterly Mar 2005 - Dec 2021 Gross Federation Account Revenue: Oil (NGN bn) 1,115.170 Dec 2021 quarterly Mar 2005 - Dec 2021 Federal Govt Expenditure (NGN bn) 3,497.670 Dec 2021 quarterly Mar 2005 - Dec 2021 Government Debt: Domestic (NGN bn) 20,144.028 Mar 2022 quarterly Dec 2005 - Mar 2022 Foreign Trade Last Frequency Range Forecast: Exports of Goods Growth (%) 1.626 2027 yearly 1991 - 2027 Trade Balance (USD mn) 2,336.0 Mar 2022 monthly Jan 2003 - Mar 2022 Total Exports (USD mn) 6,746.6 Mar 2022 monthly Jan 2003 - Mar 2022 Total Exports Growth (%) 153.9 Mar 2022 monthly Jan 2004 - Mar 2022 Aluminum: Exports (USD th) 118,090.394 2021 yearly 1995 - 2021 Exports: Medicament (USD th) 1,935.596 2021 yearly 1995 - 2021 Exports: Medicinal and Pharmaceutical Product (USD th) 659.364 2021 yearly 1995 - 2021 Total Imports (USD mn) 4,410.6 Mar 2022 monthly Jan 2003 - Mar 2022 Total Imports Growth (%) -7.3 Mar 2022 monthly Jan 2004 - Mar 2022 Imports: Medicament (USD th) 1,503,575.724 2021 yearly 1995 - 2021 Imports: Medicinal and Pharmaceutical Product (USD th) 784,356.486 2021 yearly 1995 - 2021 Total Exports to USA (USD mn) 415.182 Mar 2022 monthly Jan 2003 - Mar 2022 Total Imports from USA (USD mn) 322.312 Mar 2022 monthly Dec 2009 - Mar 2022 Total Exports to China (USD mn) 46.245 Mar 2022 monthly Jan 2007 - Mar 2022 Total Imports from China (USD mn) 1,277.783 Mar 2022 monthly Jan 2007 - Mar 2022 Imports (NGN mn) 1,834,067.441 Mar 2022 monthly Jan 2003 - Mar 2022 Exports: Crude Oil (NGN mn) 2,209,623.002 Mar 2022 monthly Jan 2003 - Mar 2022 Total Trade (NGN mn) 4,639,517.168 Mar 2022 monthly Jan 2003 - Mar 2022 Exports: America: ow USA (NGN mn) 172,645.951 Mar 2022 monthly Jan 2003 - Mar 2022 Exports: Europe: ow UK (NGN mn) 75,924.032 Mar 2022 monthly Jan 2003 - Mar 2022 Exports: Europe: ow Netherlands (NGN mn) 279,127.005 Mar 2022 monthly Jan 2003 - Mar 2022 Exports (NGN mn) 2,805,449.727 Mar 2022 monthly Jan 2003 - Mar 2022 Imports: Europe: ow Netherlands (NGN mn) 102,706.239 Mar 2022 monthly Jan 2003 - Mar 2022 Imports: America: ow USA (NGN mn) 134,027.678 Mar 2022 monthly Jan 2003 - Mar 2022 Imports: Europe: ow Germany (NGN mn) 42,882.036 Mar 2022 monthly Jan 2003 - Mar 2022 Imports: Asia: ow China (NGN mn) 531,343.215 Mar 2022 monthly Jan 2007 - Mar 2022 Imports: Europe: ow UK (NGN mn) 44,920.190 Mar 2022 monthly Jan 2003 - Mar 2022 Exports: Mineral Products (NGN mn) 16,910,118.786 2021 yearly 2003 - 2021 Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 44,635.113 2021 yearly 2003 - 2021 Exports: Vegetable Products (NGN mn) 259,305.350 2021 yearly 2003 - 2021 Imports: Chemicals and Chemical Products (NGN mn) 308,561.620 Mar 2022 monthly Jan 2003 - Mar 2022 Imports: Manufactured Goods (NGN mn) 175,513.767 Mar 2022 monthly Jan 2003 - Mar 2022 Imports: Machinery and Transport Equipment (NGN mn) 605,003.903 Mar 2022 monthly Jan 2003 - Mar 2022 Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 338,220.193 Mar 2022 monthly Jan 2003 - Mar 2022 Imports: Food and Live Animals (NGN mn) 245,235.157 Mar 2022 monthly Jan 2003 - Mar 2022 Balance of Payments Last Frequency Range Direct Investment Abroad (USD mn) -46.6 Mar 2022 quarterly Mar 2008 - Mar 2022 Current Account Balance (USD mn) 2,577.0 Mar 2022 quarterly Mar 2008 - Mar 2022 Current Account Balance: % of GDP (%) 2.4 Mar 2022 quarterly Mar 2008 - Mar 2022 Foreign Direct Investment (USD mn) -182.5 Mar 2022 quarterly Mar 2008 - Mar 2022 Foreign Direct Investment: % of GDP (%) -0.2 Mar 2022 quarterly Mar 2010 - Mar 2022 Foreign Portfolio Investment (USD mn) 1,542.127 Mar 2022 quarterly Mar 2008 - Mar 2022 Foreign Portfolio Investment: % of GDP (%) 1.4 Mar 2022 quarterly Mar 2010 - Mar 2022 Foreign Portfolio Investment: Equity Securities (USD mn) 260.0 Mar 2022 quarterly Mar 2008 - Mar 2022 Foreign Portfolio Investment: Debt Securities (USD mn) 1,282.174 Mar 2022 quarterly Mar 2008 - Mar 2022 External Debt (USD mn) 39,969.2 Mar 2022 quarterly Dec 2006 - Mar 2022 External Debt: % of GDP (%) 8.8 2021 yearly 1985 - 2021 External Debt: Short Term (USD mn) 0.1 2019 yearly 2008 - 2019 External Debt: Short Term: % of GDP (%) 0.0 2019 yearly 2008 - 2019 Forecast: Current Account Balance (USD bn) -6.402 2027 yearly 1980 - 2027 Net International Investment Position (USD mn) -73,491.250 2021 yearly 2005 - 2021 BoP: CF: Financial Account: Assets (USD mn) -4,110.368 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Capital Account (USD mn) 0.000 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,542.127 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) 87.673 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Income: Credit (USD mn) 173.889 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Financial Account: Liabilities (USD mn) 3,325.602 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Income (USD mn) -3,867.477 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Income: Debit (USD mn) -4,041.366 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: Net Errors & Omission (USD mn) -1,792.216 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Services (USD mn) -2,831.051 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Financial Account (USD mn) -784.766 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Goods (USD mn) 3,643.978 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Current Transfers (USD mn) 5,631.532 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Current Transfers: Credit (USD mn) 5,747.590 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 1,965.977 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) 884.280 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Goods: Credit (USD mn) 17,304.410 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Goods: Debit (USD mn) -13,660.433 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Financial Account: Assets: Direct Investment (USD mn) 46.585 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Services: Debit (USD mn) -3,786.720 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Current Transfers: Debit (USD mn) -116.057 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CA: Services: Credit (USD mn) 955.668 Mar 2022 quarterly Mar 2008 - Mar 2022 BoP: CF: Financial Account: Assets: Other Investment (USD mn) -5,128.906 Mar 2022 quarterly Mar 2008 - Mar 2022 External Debt: Government: International Capital Market (USD mn) 14,368.350 Dec 2021 quarterly Mar 2011 - Dec 2021 External Debt: Government (USD mn) 38,391.320 Dec 2021 quarterly Dec 2006 - Dec 2021 External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018 Capital Inflow: Foreign Direct Investment (USD) 52,666,629.000 Feb 2022 monthly Jan 2007 - Feb 2022 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) 49,171.820 Jun 2022 monthly Nov 1992 - Jun 2022 Money Supply M2 (USD mn) 117,664.611 Jun 2022 monthly Nov 1992 - Jun 2022 M2 Growth (%) 25.6 Jun 2022 monthly Nov 1993 - Jun 2022 Reserve Requirement Ratio (%) 27.5 Jul 2022 monthly Nov 2005 - Jul 2022 Foreign Exchange Reserves (USD mn) 38,483.7 May 2022 monthly Jan 1960 - May 2022 Foreign Exchange Reserves: % of GDP (%) 8.966 Mar 2022 quarterly Dec 2010 - Mar 2022 Foreign Exchange Reserves: Months of Import (NA) 8.9 Mar 2022 monthly Jan 2003 - Mar 2022 Gold Reserves (USD mn) 0.062 Jan 2018 monthly Dec 1950 - Jan 2018 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) 138,086.4 Jun 2022 monthly Nov 1992 - Jun 2022 Domestic Credit Growth (%) 29.5 Jun 2022 monthly Nov 1993 - Jun 2022 Private Debt: % of Nominal GDP (%) 12.23 Dec 2021 quarterly Dec 2010 - Dec 2021 Monetary Survey: Liabilities: M2 (NGN mn) 48,797,867.320 Jun 2022 monthly Nov 1992 - Jun 2022 Monetary Survey: Liabilities: M2: M1 (NGN mn) 20,392,537.220 Jun 2022 monthly Nov 1992 - Jun 2022 Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020 Monetary Survey: Liabilities: Base Money (NGN mn) 14,579,572.880 Jun 2022 monthly Jan 1993 - Jun 2022 Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 28,405,330.100 Jun 2022 monthly Nov 1992 - Jun 2022 Non Performing Loans to Gross Loans (%) 5.700 Jun 2021 semiannually Dec 2003 - Jun 2021 Business and Economic Survey Last Frequency Range Business Confidence Growth (% Point) 2.8 Feb 2022 monthly Jul 2015 - Feb 2022 More Indicators for Nigeria
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