Nigeria Reserve Requirement Ratio
Key information about Nigeria Reserve Requirement Ratio
- Cash Reserve Ratio was set as 45.0 % in Mar 2024
- Nigeria Reserve Requirement Ratio data updated monthly, available from Nov 2005 to Mar 2024
- The data is reported by Central Bank of Nigeria
- In the latest reports, Nigeria Money Supply M2 increased to 60.9 USD bn YoY in Feb 2024
- Foreign Exchange Reserves in Nigeria was measured at 33.7 USD bn in Oct 2023
View Nigeria's Reserve Requirement Ratio from Nov 2005 to Mar 2024 in the chart:
What was Nigeria's Reserve Requirement Ratio in Mar 2024?
Cash Reserve Ratio was set as 45.0 % in Mar 2024 See the table below for more data.
Last Previous Min Max Unit Frequency Range 45.0 Mar 2024 45.0 Feb 2024 1.0 Jan 2011 45.0 Mar 2024 % monthly Nov 2005 - Mar 2024 Reserve Requirement Ratio by Country Comparison
Buy Selected Data
Includes Reserve Requirement Ratio on 94 economies standardised by CEIC. Instant access to full history data in excel.country/region Last Frequency Range Algeria (%) 3.0 Sep 2023 monthly Jun 2006 - Sep 2023 Argentina (%) 42.2 Jan 2024 monthly Apr 1985 - Jan 2024 Armenia (%) 8.0 2023 yearly 2008 - 2023 Austria (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Azerbaijan (%) 5.0 Mar 2024 monthly May 1993 - Mar 2024 Bahrain (%) 5.0 Mar 2024 monthly Jan 2008 - Mar 2024 Bangladesh (%) 4.0 Feb 2024 monthly Oct 1999 - Feb 2024 Belarus (%) 18.0 Mar 2024 monthly Jul 1998 - Mar 2024 Belgium (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Bolivia (%) 8.5 Oct 2023 monthly Jan 2000 - Oct 2023 Bosnia and Herzegovina (%) 10.0 Feb 2024 monthly Aug 1997 - Feb 2024 Botswana (%) 2.5 Feb 2021 monthly Feb 2006 - Feb 2021 Brazil (%) 21.0 Mar 2024 monthly Jul 1994 - Mar 2024 Brunei (%) 6.0 Feb 2024 monthly Jan 2006 - Feb 2024 Bulgaria (%) 10.0 Mar 2024 monthly Dec 2004 - Mar 2024 Cambodia (%) 8.0 Mar 2024 monthly Jan 2008 - Mar 2024 China (%) 7.0 Mar 2024 monthly Jan 1985 - Mar 2024 Colombia (%) 8.0 Mar 2024 monthly Jun 2008 - Mar 2024 Croatia (%) 2.7 Dec 2022 monthly Jan 1993 - Dec 2022 Cyprus (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Czech Republic (%) 2.0 Feb 2024 monthly Aug 1996 - Feb 2024 Ecuador (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022 Egypt (%) 18.0 Mar 2024 monthly Jan 2012 - Mar 2024 Estonia (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 European Union (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Finland (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 France (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Georgia (%) 5.0 Mar 2024 monthly Jan 1992 - Mar 2024 Germany (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Greece (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Hungary (%) 10.0 Jan 2024 monthly Mar 1994 - Jan 2024 Iceland (%) 2.0 Mar 2024 monthly Jun 1979 - Mar 2024 India (%) 4.5 Mar 2024 monthly Sep 1962 - Mar 2024 Indonesia (%) 9.0 Mar 2024 monthly Jan 1997 - Mar 2024 Iran (%) 10.0 Feb 2024 monthly Mar 2008 - Feb 2024 Ireland (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Israel (%) 6.0 Mar 2024 monthly Jan 1995 - Mar 2024 Italy (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Ivory Coast (%) 3.0 Dec 2023 monthly Oct 1993 - Dec 2023 Japan (%) 0.8 Jan 2024 monthly Oct 1980 - Jan 2024 Kazakhstan (%) 2.0 Feb 2024 monthly Jun 2015 - Feb 2024 Kenya (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023 South Korea (%) 7.0 Mar 2024 monthly Nov 1979 - Mar 2024 Kosovo (%) 10.0 2022 yearly 2001 - 2022 Kyrgyzstan (%) 9.0 Sep 2015 monthly Jan 2007 - Sep 2015 Laos (%) 8.0 Mar 2024 monthly Jan 2002 - Mar 2024 Latvia (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Lebanon (%) 25.0 Feb 2024 monthly Dec 2002 - Feb 2024 Lithuania (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Luxembourg (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 North Macedonia (%) 5.0 Mar 2024 monthly Jan 2004 - Mar 2024 Malawi (%) 7.8 Mar 2024 monthly Jan 2019 - Mar 2024 Malaysia (%) 2.0 Mar 2024 monthly Jun 1959 - Mar 2024 Malta (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Mauritius (%) 9.0 Mar 2024 monthly Jul 1998 - Mar 2024 Moldova (%) 33.0 Feb 2024 monthly Jan 2004 - Feb 2024 Mongolia (%) 8.0 Mar 2024 monthly Jan 2005 - Mar 2024 Montenegro (%) 5.5 Feb 2024 monthly Jan 2002 - Feb 2024 Morocco (%) 0.0 Feb 2024 monthly Oct 1990 - Feb 2024 Mozambique (%) 39.0 Mar 2024 monthly Aug 2011 - Mar 2024 Myanmar (%) 3.5 Mar 2024 monthly May 2011 - Mar 2024 Nepal (%) 4.0 Mar 2024 monthly Jul 2003 - Mar 2024 Netherlands (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Nigeria (%) 45.0 Mar 2024 monthly Nov 2005 - Mar 2024 Norway (%) 3.5 Mar 2024 monthly Oct 2011 - Mar 2024 Oman (%) 5.0 Dec 2023 monthly Jun 2006 - Dec 2023 Pakistan (%) 5.0 Feb 2024 monthly Jul 2006 - Feb 2024 Peru (%) 6.0 Mar 2024 monthly Apr 1997 - Mar 2024 Philippines (%) 9.5 Mar 2024 monthly May 1986 - Mar 2024 Poland (%) 3.5 Dec 2017 monthly Jan 1993 - Dec 2017 Portugal (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Qatar (%) 4.5 Mar 2024 monthly Jan 2003 - Mar 2024 Romania (%) 8.0 Feb 2024 monthly Jan 2006 - Feb 2024 Russia (%) 4.5 Mar 2024 monthly Jul 2004 - Mar 2024 Saudi Arabia (%) 7.0 Mar 2024 monthly Mar 1980 - Mar 2024 Serbia (%) 7.0 Feb 2024 monthly Jan 2005 - Feb 2024 Slovakia (%) 1.0 Jul 2021 monthly Jan 1999 - Jul 2021 Slovenia (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 South Africa (%) 2.5 Mar 2024 monthly Feb 1994 - Mar 2024 Spain (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024 Sri Lanka (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023 Sudan (%) 18.0 Mar 2024 monthly Jan 2003 - Mar 2024 Taiwan (%) 4.5 Mar 2024 monthly Dec 1988 - Mar 2024 Tajikistan (%) 3.0 Dec 2023 quarterly Mar 2008 - Dec 2023 Thailand (%) 1.0 Mar 2024 monthly Sep 1997 - Mar 2024 Tunisia (%) 1.0 Jan 2024 monthly Oct 1964 - Jan 2024 Turkey (%) 8.0 Mar 2024 monthly Jan 2011 - Mar 2024 Ukraine (%) 20.0 Mar 2024 monthly Dec 2014 - Mar 2024 United Arab Emirates (%) 1.0 Mar 2024 monthly Jan 2000 - Mar 2024 United States (%) 0.0 Mar 2024 monthly Nov 1980 - Mar 2024 Venezuela (%) 73.0 Mar 2024 monthly Jan 2004 - Mar 2024 Vietnam (%) 3.0 Mar 2024 monthly Feb 2010 - Mar 2024 Yemen (%) 7.0 Aug 2015 monthly Jul 1995 - Aug 2015 Zambia (%) 26.0 Feb 2024 monthly Jan 2004 - Feb 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
Buy Selected Data
Includes 202 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 (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023 Consolidated Fiscal Balance (USD mn) -3,071.175 Sep 2023 quarterly Mar 2005 - Sep 2023 National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023 Government Debt: % of GDP (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023 Forecast: Government Expenditure (NGN bn) 69,308.370 2028 yearly 1990 - 2028 Forecast: Government Net Debt (NGN bn) 205,772.040 2028 yearly 1990 - 2028 Forecast: Government Revenue (NGN bn) 42,354.640 2028 yearly 1990 - 2028 Federal Govt Balance (NGN bn) -2,347.160 Sep 2023 quarterly Mar 2005 - Sep 2023 Federal Govt Expenditure: Capital (NGN bn) 1,043.310 Sep 2023 quarterly Mar 2005 - Sep 2023 Federal Govt Revenue (NGN bn) 1,693.020 Sep 2023 quarterly Mar 2005 - Sep 2023 Gross Federation Account Revenue (NGN bn) 4,791.390 Sep 2023 quarterly Mar 2005 - Sep 2023 Federal Govt Expenditure: Recurrent (NGN bn) 2,791.110 Sep 2023 quarterly Mar 2005 - Sep 2023 Gross Federation Account Revenue: Oil (NGN bn) 814.230 Sep 2023 quarterly Mar 2005 - Sep 2023 Federal Govt Expenditure (NGN bn) 4,040.180 Sep 2023 quarterly Mar 2005 - Sep 2023 Government Debt: Domestic (NGN bn) 53,258.012 Dec 2023 quarterly Dec 2005 - Dec 2023 Foreign Trade Last Frequency Range Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028 Trade Balance (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023 Total Exports (USD mn) 4,751.7 Dec 2023 monthly Jan 2003 - Dec 2023 Total Exports Growth (%) 82.1 Dec 2023 monthly Jan 2004 - Dec 2023 Aluminum: Exports (USD th) 165,856.846 2022 yearly 1995 - 2022 Exports: Medicament (USD th) 2,876.353 2022 yearly 1995 - 2022 Exports: Medicinal and Pharmaceutical Product (USD th) 480.530 2022 yearly 1995 - 2022 Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023 Total Imports Growth (%) 34.5 Sep 2023 monthly Jan 2004 - Sep 2023 Imports: Medicament (USD th) 755,360.705 2022 yearly 1995 - 2022 Imports: Medicinal and Pharmaceutical Product (USD th) 508,406.689 2022 yearly 1995 - 2022 Total Exports to USA (USD mn) 332.105 Dec 2023 monthly Jan 2003 - Dec 2023 Total Imports from USA (USD mn) 176.789 Dec 2023 monthly Dec 2009 - Dec 2023 Total Exports to China (USD mn) 24.772 Sep 2023 monthly Jan 2007 - Sep 2023 Total Imports from China (USD mn) 715.679 Sep 2023 monthly Jan 2007 - Sep 2023 Imports (NGN mn) 2,429,185.197 Sep 2023 monthly Jan 2003 - Sep 2023 Exports: Crude Oil (NGN mn) 3,404,818.113 Dec 2023 monthly Jan 2003 - Dec 2023 Total Trade (NGN mn) 6,865,948.584 Dec 2023 monthly Jan 2003 - Dec 2023 Exports: Europe: ow UK (NGN mn) 93,037.938 Dec 2023 monthly Jan 2003 - Dec 2023 Exports: Europe: ow Netherlands (NGN mn) 523,568.988 Dec 2023 monthly Jan 2003 - Dec 2023 Exports (NGN mn) 4,284,566.609 Dec 2023 monthly Jan 2003 - Dec 2023 Exports: America: ow USA (NGN mn) 299,453.208 Dec 2023 monthly Jan 2003 - Dec 2023 Exports: Mineral Products (NGN mn) 24,389,951.388 2022 yearly 2003 - 2022 Exports: Vegetable Products (NGN mn) 316,546.604 2022 yearly 2003 - 2022 Imports: Europe: ow Germany (NGN mn) 68,742.651 Sep 2023 monthly Jan 2003 - Sep 2023 Imports: Asia: ow China (NGN mn) 631,502.155 Dec 2023 monthly Jan 2007 - Dec 2023 Imports: America: ow USA (NGN mn) 159,407.643 Dec 2023 monthly Jan 2003 - Dec 2023 Imports: Europe: ow UK (NGN mn) 71,966.938 Sep 2023 monthly Jan 2003 - Sep 2023 Imports: Europe: ow Netherlands (NGN mn) 158,090.619 Dec 2023 monthly Jan 2003 - Dec 2023 Imports: Chemicals and Chemical Products (NGN mn) 385,751.608 Dec 2023 monthly Jan 2003 - Dec 2023 Imports: Manufactured Goods (NGN mn) 184,959.341 Sep 2023 monthly Jan 2003 - Sep 2023 Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 810,486.908 Dec 2023 monthly Jan 2003 - Dec 2023 Imports: Food and Live Animals (NGN mn) 364,417.505 Dec 2023 monthly Jan 2003 - Dec 2023 Imports: Machinery and Transport Equipment (NGN mn) 639,703.694 Sep 2023 monthly Jan 2003 - Sep 2023 Balance of Payments Last Frequency Range Direct Investment Abroad (USD mn) 274.7 Dec 2022 quarterly Mar 2008 - Dec 2022 Current Account Balance (USD mn) 2,348.3 Dec 2022 quarterly Mar 2008 - Dec 2022 Current Account Balance: % of GDP (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022 Foreign Direct Investment (USD mn) 752.7 Dec 2022 quarterly Mar 2008 - Dec 2022 Foreign Direct Investment: % of GDP (%) 0.6 Dec 2022 quarterly Mar 2010 - Dec 2022 Foreign Portfolio Investment (USD mn) 337.399 Dec 2022 quarterly Mar 2008 - Dec 2022 Foreign Portfolio Investment: % of GDP (%) 0.3 Dec 2022 quarterly Mar 2010 - Dec 2022 Foreign Portfolio Investment: Equity Securities (USD mn) -2.3 Dec 2022 quarterly Mar 2008 - Dec 2022 Foreign Portfolio Investment: Debt Securities (USD mn) 339.714 Dec 2022 quarterly Mar 2008 - Dec 2022 External Debt (USD mn) 42,495.2 Dec 2023 quarterly Dec 2006 - Dec 2023 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) 0.890 2028 yearly 1980 - 2028 Net International Investment Position (USD mn) -80,930.532 2022 yearly 2005 - 2022 BoP: CF: Financial Account: Assets: Other Investment (USD mn) -1,699.632 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CF: Capital Account (USD mn) 0.000 Sep 2022 quarterly Mar 2008 - Sep 2022 BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) 1,000.946 Sep 2022 quarterly Mar 2008 - Sep 2022 BoP: CF: Financial Account: Assets: Direct Investment (USD mn) 94.452 Sep 2022 quarterly Mar 2008 - Sep 2022 BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) -182.419 Sep 2022 quarterly Mar 2008 - Sep 2022 BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) 1,437.945 Sep 2022 quarterly Mar 2008 - Sep 2022 BoP: CA: Current Transfers (USD mn) 5,442.967 Sep 2022 quarterly Mar 2008 - Sep 2022 BoP: CA: Services (USD mn) -3,132.845 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Income (USD mn) -2,264.294 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Current Transfers: Credit (USD mn) 5,452.430 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Services: Debit (USD mn) -4,428.113 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Income: Debit (USD mn) -2,775.122 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) 848.311 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Current Transfers: Debit (USD mn) -505.024 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Income: Credit (USD mn) 510.828 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Goods: Credit (USD mn) 14,585.159 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CF: Financial Account (USD mn) 852.759 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CF: Financial Account: Liabilities (USD mn) 1,938.423 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CF: Financial Account: Assets (USD mn) -1,085.664 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Goods (USD mn) 2,798.047 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: Net Errors & Omission (USD mn) -3,201.073 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Services: Credit (USD mn) 1,295.268 Dec 2022 quarterly Mar 2008 - Dec 2022 BoP: CA: Goods: Debit (USD mn) -11,787.111 Dec 2022 quarterly Mar 2008 - Dec 2022 External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018 External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023 External Debt: Government: International Capital Market (USD mn) 15,118.350 Dec 2023 quarterly Mar 2011 - Dec 2023 Capital Inflow: Foreign Direct Investment (USD) 20,080,525.860 Nov 2022 monthly Jan 2007 - Nov 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) 19,608.589 Feb 2024 monthly Nov 1992 - Feb 2024 Money Supply M2 (USD mn) 60,857.230 Feb 2024 monthly Nov 1992 - Feb 2024 M2 Growth (%) 77.6 Feb 2024 monthly Nov 1993 - Feb 2024 Reserve Requirement Ratio (%) 45.0 Mar 2024 monthly Nov 2005 - Mar 2024 Foreign Exchange Reserves (USD mn) 32,360.0 Nov 2023 monthly Jan 1960 - Nov 2023 Foreign Exchange Reserves: % of GDP (%) 7.771 Sep 2023 quarterly Dec 2010 - Sep 2023 Foreign Exchange Reserves: Months of Import (NA) 8.9 Nov 2023 monthly Jan 2003 - Nov 2023 Gold Reserves (USD mn) 1,273.284 Sep 2023 monthly Dec 1950 - Sep 2023 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) 74,341.2 Feb 2024 monthly Nov 1992 - Feb 2024 Domestic Credit Growth (%) 63.6 Feb 2024 monthly Nov 1993 - Feb 2024 Private Debt: % of Nominal GDP (%) 16.22 Sep 2023 quarterly Dec 2010 - Sep 2023 Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 63,691,242.700 Feb 2024 monthly Nov 1992 - Feb 2024 Monetary Survey: Liabilities: M2: M1 (NGN mn) 30,277,249.260 Feb 2024 monthly Nov 1992 - Feb 2024 Monetary Survey: Liabilities: Base Money (NGN mn) 21,230,656.700 Feb 2024 monthly Jan 1993 - Feb 2024 Monetary Survey: Liabilities: M2 (NGN mn) 93,968,491.960 Feb 2024 monthly Nov 1992 - Feb 2024 Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020 Non Performing Loans to Gross Loans (%) 4.210 Dec 2022 semiannually Dec 2003 - Dec 2022 Business and Economic Survey Last Frequency Range Business Confidence Growth (% Point) -0.6 Nov 2023 monthly Jul 2015 - Nov 2023 More Indicators for Nigeria
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.