Nigeria Money Supply M1

1992 - 2024 | Monthly | USD mn | CEIC Data

Key information about Nigeria Money Supply M1

  • Nigeria Money Supply M1 was reported at 21.897 USD bn in Aug 2024
  • This records a decrease from the previous number of 21.924 USD bn for Jul 2024
  • Nigeria Money Supply M1 data is updated monthly, averaging 28.365 USD bn from Nov 1992 to Aug 2024, with 382 observations
  • The data reached an all-time high of 50.619 USD bn in Aug 2022 and a record low of 3.078 USD bn in Feb 1993. Nigeria Money Supply M1 data remains active status in CEIC and is reported by CEIC Data
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M1: USD: Monthly

CEIC converts monthly Money Supply M1 into USD. The Central Bank of Nigeria provides Money Supply M1 in local currency. The Central Bank of Nigeria period end market exchange rate is used for currency conversions.

View Nigeria's Money Supply M1 from Nov 1992 to Aug 2024 in the chart:

Nigeria Money Supply M1

What was Nigeria's Money Supply M1 in Aug 2024?

Nigeria Money Supply M1 was reported at 21.897 USD bn in Aug 2024 See the table below for more data.

Last Previous Min Max Unit Frequency Range
21,896.535 Aug 2024 21,923.954 Jul 2024 3,078.081 Feb 1993 50,619.430 Aug 2022 USD mn monthly Nov 1992 - Aug 2024

Money Supply M1 by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 8,967.161 Sep 2024 monthly Dec 1993 - Sep 2024
Algeria (USD mn) 121,534.033 Dec 2023 monthly Jan 2001 - Dec 2023
Argentina (USD mn) 34,066.644 Aug 2024 monthly Jan 1990 - Aug 2024
Armenia (USD mn) 5,372.000 Aug 2024 monthly Jan 2002 - Aug 2024
Australia (USD mn) 1,184,678.756 Sep 2024 monthly Feb 1975 - Sep 2024
Austria (USD mn) 324,478.281 Aug 2024 monthly Jul 1969 - Aug 2024
Azerbaijan (USD mn) 16,877.827 Sep 2024 monthly Dec 1995 - Sep 2024
Bahrain (USD mn) 8,133.886 Apr 2023 monthly Dec 1974 - Apr 2023
Bangladesh (USD mn) 39,705.267 Sep 2024 monthly Jun 1986 - Sep 2024
Belarus (USD mn) 8,408.434 Sep 2024 monthly Nov 1993 - Sep 2024
Belgium (USD mn) 272,049.449 Sep 2024 monthly Dec 1996 - Sep 2024
Bolivia (USD mn) 13,842.667 Jun 2024 monthly Dec 1987 - Jun 2024
Bosnia and Herzegovina (USD mn) 13,243.176 Sep 2024 monthly Aug 1997 - Sep 2024
Botswana (USD mn) 2,520.359 Aug 2024 monthly Dec 2000 - Aug 2024
Brazil (USD mn) 123,852.914 Sep 2024 monthly Feb 1986 - Sep 2024
Brunei (USD mn) 4,260.513 Aug 2024 monthly Jan 1999 - Aug 2024
Bulgaria (USD mn) 75,255.783 Sep 2024 monthly Dec 1995 - Sep 2024
Cambodia (USD mn) 11,241.062 Aug 2024 monthly Jan 1995 - Aug 2024
Canada (USD mn) 1,158,254.651 Aug 2024 monthly Mar 1975 - Aug 2024
Chile (USD mn) 63,101.211 Sep 2024 monthly Dec 1965 - Sep 2024
China (USD mn) 8,901,543.923 Jun 2024 monthly Jan 1997 - Jun 2024
Colombia (USD mn) 38,979.482 May 2023 monthly Jan 1984 - May 2023
Croatia (USD mn) 59,157.950 Sep 2024 monthly Jun 1994 - Sep 2024
Czech Republic (USD mn) 234,697.838 Aug 2024 monthly Jan 2002 - Aug 2024
Denmark (USD mn) 186,387.350 Aug 2017 monthly Jan 1995 - Aug 2017
Ecuador (USD mn) 30,027.805 Aug 2024 monthly Dec 2006 - Aug 2024
Egypt (USD mn) 57,156.878 Sep 2024 monthly Jan 1996 - Sep 2024
Estonia (USD mn) 18,979.935 Sep 2024 monthly Jan 1993 - Sep 2024
European Union (USD mn) 11,588,686.867 Sep 2024 monthly Jan 1999 - Sep 2024
Finland (USD mn) 151,527.235 Sep 2024 monthly Jan 1980 - Sep 2024
France (USD mn) 1,749,578.086 Aug 2024 monthly Dec 1977 - Aug 2024
Georgia (USD mn) 6,534.375 Sep 2024 monthly Oct 1995 - Sep 2024
Germany (USD mn) 2,930,466.290 Sep 2024 monthly Jan 1957 - Sep 2024
Ghana (USD mn) 9,298.488 Jun 2024 quarterly Mar 1990 - Jun 2024
Greece (USD mn) 212,770.309 Sep 2024 monthly Jan 2001 - Sep 2024
Hong Kong SAR, China (USD mn) 205,140.577 Sep 2024 monthly Jan 1985 - Sep 2024
Hungary (USD mn) 91,048.362 Sep 2024 monthly Jan 1998 - Sep 2024
Iceland (USD mn) 5,331.325 Aug 2024 monthly Apr 1960 - Aug 2024
India (USD mn) 737,748.156 Oct 2024 monthly Jan 1957 - Oct 2024
Indonesia (USD mn) 176,541.988 Sep 2024 monthly Feb 1968 - Sep 2024
Iran (USD mn) 48,364.746 Jun 2024 monthly Dec 1999 - Jun 2024
Ireland (USD mn) 321,778.439 Sep 2024 monthly Jan 1990 - Sep 2024
Israel (USD mn) 137,965.007 May 2023 monthly Jan 1997 - May 2023
Italy (USD mn) 1,829,150.650 Aug 2024 monthly Dec 1974 - Aug 2024
Ivory Coast (USD mn) 20,272.137 Jul 2024 monthly Jan 2004 - Jul 2024
Japan (USD mn) 7,547,563.549 Aug 2024 monthly Jan 1957 - Aug 2024
Jordan (USD mn) 17,808.237 Dec 2023 monthly Jan 1990 - Dec 2023
Kazakhstan (USD mn) 22,614.262 Sep 2024 monthly Dec 1993 - Sep 2024
Kenya (USD mn) 15,269.477 Sep 2024 monthly Dec 1995 - Sep 2024
South Korea (USD mn) 920,105.090 Aug 2024 monthly Jan 1970 - Aug 2024
Kuwait (USD mn) 33,747.006 Sep 2024 monthly Jan 1994 - Sep 2024
Kyrgyzstan (USD mn) 4,274.741 Aug 2024 monthly Jan 1994 - Aug 2024
Laos (USD mn) 978.693 Jun 2024 quarterly Dec 1999 - Jun 2024
Latvia (USD mn) 17,819.629 Sep 2024 monthly Jul 2003 - Sep 2024
Lebanon (USD mn) 5,557.627 Feb 2024 monthly Dec 1979 - Feb 2024
Lithuania (USD mn) 49,157.028 Sep 2024 monthly Dec 1993 - Sep 2024
Luxembourg (USD mn) 323,204.999 Sep 2024 monthly Jan 1999 - Sep 2024
Macau SAR, China (USD mn) 8,520.875 Sep 2024 monthly Jun 1984 - Sep 2024
North Macedonia (USD mn) 4,804.377 Sep 2024 monthly Jan 2003 - Sep 2024
Malawi (USD mn) 1,005.072 Apr 2021 monthly Jan 1975 - Apr 2021
Malaysia (USD mn) 156,495.551 Sep 2024 monthly Dec 1969 - Sep 2024
Malta (USD mn) 25,589.586 Aug 2024 monthly Jan 1980 - Aug 2024
Mauritius (USD mn) 1,106.412 Jul 2024 monthly Jun 2005 - Jul 2024
Mexico (USD mn) 387,572.590 Sep 2024 monthly Dec 1985 - Sep 2024
Moldova (USD mn) 5,251.426 Sep 2024 monthly Jan 2000 - Sep 2024
Mongolia (USD mn) 3,569.177 Sep 2024 monthly Dec 1996 - Sep 2024
Morocco (USD mn) 141,051.737 Sep 2024 monthly Jan 1985 - Sep 2024
Myanmar (USD mn) 23,244.979 Mar 2024 monthly Apr 2012 - Mar 2024
Nepal (USD mn) 6,594.123 Sep 2024 monthly Jan 2001 - Sep 2024
Netherlands (USD mn) 578,064.400 Sep 2024 monthly Dec 1982 - Sep 2024
New Zealand (USD mn) 74,207.851 Sep 2024 monthly Dec 2016 - Sep 2024
Nigeria (USD mn) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Norway (USD mn) 260,968.119 Aug 2024 monthly Dec 1992 - Aug 2024
Oman (USD mn) 18,016.385 Aug 2024 monthly Jan 1999 - Aug 2024
Pakistan (USD mn) 40,482.495 Sep 2024 monthly Jul 1991 - Sep 2024
Palestinian Territory (USD mn) 11,980.300 Mar 2024 quarterly Mar 2013 - Mar 2024
Panama (USD mn) 8,749.080 Jul 2024 monthly Dec 2002 - Jul 2024
Paraguay (USD mn) 5,498.628 Sep 2024 monthly Dec 1988 - Sep 2024
Peru (USD mn) 77,545.565 Aug 2024 monthly Jan 1992 - Aug 2024
Philippines (USD mn) 116,877.511 Jul 2024 monthly Dec 1988 - Jul 2024
Poland (USD mn) 447,035.737 Aug 2024 monthly Dec 1996 - Aug 2024
Portugal (USD mn) 158,202.974 Sep 2024 monthly Dec 1979 - Sep 2024
Qatar (USD mn) 39,712.308 Sep 2024 monthly Jan 1982 - Sep 2024
Romania (USD mn) 95,474.870 Sep 2024 monthly Dec 2001 - Sep 2024
Russia (USD mn) 548,219.983 Sep 2024 monthly Dec 2007 - Sep 2024
Saudi Arabia (USD mn) 444,677.991 Sep 2024 monthly Jan 1993 - Sep 2024
Serbia (USD mn) 17,218.909 Sep 2024 monthly Dec 2001 - Sep 2024
Singapore (USD mn) 370,780.607 Sep 2024 monthly Mar 2004 - Sep 2024
Slovakia (USD mn) 76,984.778 Sep 2024 monthly Jan 2003 - Sep 2024
Slovenia (USD mn) 44,209.986 Sep 2024 monthly Jan 1994 - Sep 2024
South Africa (USD mn) 162,920.437 Sep 2024 monthly Mar 1965 - Sep 2024
Spain (USD mn) 1,432,103.518 Sep 2024 monthly Jan 1962 - Sep 2024
Sri Lanka (USD mn) 6,112.838 Sep 2024 monthly Jan 1994 - Sep 2024
Sudan (USD mn) 4,492.463 Mar 2022 monthly Dec 2003 - Mar 2022
Sweden (USD mn) 383,837.656 Sep 2024 monthly Jan 1998 - Sep 2024
Switzerland (USD mn) 749,108.336 May 2023 monthly Dec 1984 - May 2023
Syria (USD mn) 18,756.126 Dec 2011 monthly Dec 1994 - Dec 2011
Taiwan (USD mn) 360,077.946 Sep 2024 monthly Jan 1992 - Sep 2024
Tajikistan (USD mn) 2,506.654 May 2023 monthly Dec 2000 - May 2023
Thailand (USD mn) 89,452.452 Aug 2024 monthly Dec 1975 - Aug 2024

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Consolidated Fiscal Balance (USD mn) -3,274.101 Jun 2024 quarterly Mar 2005 - Jun 2024
National Government Debt (USD mn) 101,710.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Government Debt: % of GDP (%) 49.5 Mar 2024 quarterly Dec 2010 - Mar 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: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Revenue (NGN bn) 2,305.540 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,733.500 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure (NGN bn) 6,838.960 Jun 2024 quarterly Mar 2005 - Jun 2024
Gross Federation Account Revenue (NGN bn) 6,285.040 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Expenditure: Capital (NGN bn) 250.290 Jun 2024 quarterly Mar 2005 - Jun 2024
Federal Govt Balance (NGN bn) -4,533.420 Jun 2024 quarterly Mar 2005 - Jun 2024
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) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports (USD mn) 4,913.5 Jun 2024 monthly Jan 2003 - Jun 2024
Total Exports Growth (%) 163.7 Jun 2024 monthly Jan 2004 - Jun 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
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 (%) 83.0 Jun 2024 monthly Jan 2004 - Jun 2024
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) 658.371 Jun 2024 monthly Jan 2003 - Jun 2024
Total Imports from USA (USD mn) 177.707 Jun 2024 monthly Dec 2009 - Jun 2024
Total Exports to China (USD mn) 160.464 Jun 2024 monthly Jan 2007 - Jun 2024
Total Imports from China (USD mn) 737.510 Jun 2024 monthly Jan 2007 - Jun 2024
Total Trade (NGN mn) 10,433,069.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Crude Oil (NGN mn) 5,457,219.231 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: America: ow USA (NGN mn) 975,552.174 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow UK (NGN mn) 4,761.874 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Europe: ow Netherlands (NGN mn) 434,520.151 Jun 2024 monthly Jan 2003 - Jun 2024
Exports (NGN mn) 7,280,672.000 Jun 2024 monthly Jan 2003 - Jun 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Imports: Europe: ow Netherlands (NGN mn) 89,695.701 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Europe: ow Germany (NGN mn) 91,725.002 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: America: ow USA (NGN mn) 263,320.371 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Asia: ow China (NGN mn) 1,092,816.851 Jun 2024 monthly Jan 2007 - Jun 2024
Imports: Europe: ow UK (NGN mn) 39,682.510 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Chemicals and Chemical Products (NGN mn) 531,688.790 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 564,023.272 Jun 2024 monthly Jan 2003 - Jun 2024
Imports (NGN mn) 3,152,397.822 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Food and Live Animals (NGN mn) 464,465.517 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Manufactured Goods (NGN mn) 415,104.163 Jun 2024 monthly Jan 2003 - Jun 2024
Imports: Machinery and Transport Equipment (NGN mn) 939,658.575 Jun 2024 monthly Jan 2003 - Jun 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 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 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) 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) -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: International Capital Market (USD mn) 15,118.350 Mar 2024 quarterly Mar 2011 - Mar 2024
External Debt: Government (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023
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) 21,896.535 Aug 2024 monthly Nov 1992 - Aug 2024
Money Supply M2 (USD mn) 67,150.889 Aug 2024 monthly Nov 1992 - Aug 2024
M2 Growth (%) 63.3 Aug 2024 monthly Nov 1993 - Aug 2024
Reserve Requirement Ratio (%) 50.0 Oct 2024 monthly Nov 2005 - Oct 2024
Foreign Exchange Reserves (USD mn) 34,762.2 Jun 2024 monthly Jan 1960 - Jun 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 16.3 Jun 2024 monthly Jan 2003 - Jun 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) 73,616.6 Sep 2024 monthly Nov 1992 - Sep 2024
Domestic Credit Growth (%) 33.3 Aug 2024 monthly Nov 1993 - Aug 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 34,949,935.480 Aug 2024 monthly Nov 1992 - Aug 2024
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) 13.8 Sep 2024 monthly Jul 2015 - Sep 2024

More Indicators for Nigeria

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