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 21.807 USD bn in Nov 2024
  • This records an increase from the previous number of 20.829 USD bn for Oct 2024
  • Nigeria Money Supply M1 data is updated monthly, averaging 26.795 USD bn from Nov 1992 to Nov 2024, with 385 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 Nov 2024 in the chart:

Nigeria Money Supply M1

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

Nigeria Money Supply M1 was reported at 21.807 USD bn in Nov 2024 See the table below for more data.

Last Previous Min Max Unit Frequency Range
21,807.151 Nov 2024 20,829.292 Oct 2024 3,078.081 Feb 1993 50,619.430 Aug 2022 USD mn monthly Nov 1992 - Nov 2024

Money Supply M1 by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 8,661.720 Nov 2024 monthly Dec 1993 - Nov 2024
Algeria (USD mn) 125,860.664 Mar 2024 monthly Jan 2001 - Mar 2024
Argentina (USD mn) 39,350.528 Nov 2024 monthly Jan 1990 - Nov 2024
Armenia (USD mn) 5,455.567 Oct 2024 monthly Jan 2002 - Oct 2024
Australia (USD mn) 1,087,673.693 Dec 2024 monthly Feb 1975 - Dec 2024
Austria (USD mn) 316,970.393 Dec 2024 monthly Jul 1969 - Dec 2024
Azerbaijan (USD mn) 17,439.511 Dec 2024 monthly Dec 1995 - Dec 2024
Bahrain (USD mn) 8,133.886 Apr 2023 monthly Dec 1974 - Apr 2023
Bangladesh (USD mn) 39,099.400 Nov 2024 monthly Jun 1986 - Nov 2024
Belarus (USD mn) 8,456.986 Dec 2024 monthly Nov 1993 - Dec 2024
Belgium (USD mn) 262,294.341 Dec 2024 monthly Dec 1996 - Dec 2024
Bolivia (USD mn) 13,842.667 Jun 2024 monthly Dec 1987 - Jun 2024
Bosnia and Herzegovina (USD mn) 12,876.028 Dec 2024 monthly Aug 1997 - Dec 2024
Botswana (USD mn) 2,381.630 Nov 2024 monthly Dec 2000 - Nov 2024
Brazil (USD mn) 114,592.871 Dec 2024 monthly Feb 1986 - Dec 2024
Brunei (USD mn) 4,377.611 Sep 2024 monthly Jan 1999 - Sep 2024
Bulgaria (USD mn) 72,116.739 Dec 2024 monthly Dec 1995 - Dec 2024
Cambodia (USD mn) 11,828.390 Nov 2024 monthly Jan 1995 - Nov 2024
Canada (USD mn) 1,149,292.136 Nov 2024 monthly Mar 1975 - Nov 2024
Chile (USD mn) 59,485.135 Dec 2024 monthly Dec 1965 - Dec 2024
China (USD mn) 8,987,773.598 Sep 2024 monthly Jan 1997 - Sep 2024
Colombia (USD mn) 38,979.482 May 2023 monthly Jan 1984 - May 2023
Croatia (USD mn) 56,215.487 Dec 2024 monthly Jun 1994 - Dec 2024
Czech Republic (USD mn) 227,403.636 Dec 2024 monthly Jan 2002 - Dec 2024
Denmark (USD mn) 186,387.350 Aug 2017 monthly Jan 1995 - Aug 2017
Ecuador (USD mn) 31,044.443 Nov 2024 monthly Dec 2006 - Nov 2024
Egypt (USD mn) 55,957.460 Nov 2024 monthly Jan 1996 - Nov 2024
Estonia (USD mn) 18,906.102 Dec 2024 monthly Jan 1993 - Dec 2024
European Union (USD mn) 10,943,700.362 Dec 2024 monthly Jan 1999 - Dec 2024
Finland (USD mn) 142,243.705 Dec 2024 monthly Jan 1980 - Dec 2024
France (USD mn) 1,656,770.714 Dec 2024 monthly Dec 1977 - Dec 2024
Georgia (USD mn) 6,142.999 Dec 2024 monthly Oct 1995 - Dec 2024
Germany (USD mn) 2,805,949.088 Dec 2024 monthly Jan 1957 - Dec 2024
Ghana (USD mn) 9,768.702 Sep 2024 quarterly Mar 1990 - Sep 2024
Greece (USD mn) 206,597.788 Oct 2024 monthly Jan 2001 - Oct 2024
Hong Kong SAR, China (USD mn) 206,106.177 Dec 2024 monthly Jan 1985 - Dec 2024
Hungary (USD mn) 83,412.467 Nov 2024 monthly Jan 1998 - Nov 2024
Iceland (USD mn) 5,423.240 Dec 2024 monthly Apr 1960 - Dec 2024
India (USD mn) 733,144.944 Dec 2024 monthly Jan 1957 - Dec 2024
Indonesia (USD mn) 175,683.703 Dec 2024 monthly Feb 1968 - Dec 2024
Iran (USD mn) 48,364.746 Jun 2024 monthly Dec 1999 - Jun 2024
Ireland (USD mn) 309,804.396 Dec 2024 monthly Jan 1990 - Dec 2024
Israel (USD mn) 137,965.007 May 2023 monthly Jan 1997 - May 2023
Italy (USD mn) 1,786,107.230 Nov 2024 monthly Dec 1974 - Nov 2024
Ivory Coast (USD mn) 20,272.137 Jul 2024 monthly Jan 2004 - Jul 2024
Japan (USD mn) 7,328,452.895 Nov 2024 monthly Jan 1957 - Nov 2024
Jordan (USD mn) 17,808.237 Dec 2023 monthly Jan 1990 - Dec 2023
Kazakhstan (USD mn) 20,325.347 Nov 2024 monthly Dec 1993 - Nov 2024
Kenya (USD mn) 15,869.718 Nov 2024 monthly Dec 1995 - Nov 2024
South Korea (USD mn) 900,111.740 Nov 2024 monthly Jan 1970 - Nov 2024
Kuwait (USD mn) 33,798.767 Dec 2024 monthly Jan 1994 - Dec 2024
Kyrgyzstan (USD mn) 4,193.599 Nov 2024 monthly Jan 1994 - Nov 2024
Laos (USD mn) 825.869 Sep 2024 quarterly Dec 1999 - Sep 2024
Latvia (USD mn) 17,796.681 Dec 2024 monthly Jul 2003 - Dec 2024
Lebanon (USD mn) 1,048.720 Jun 2024 monthly Dec 1979 - Jun 2024
Lithuania (USD mn) 49,223.870 Dec 2024 monthly Dec 1993 - Dec 2024
Luxembourg (USD mn) 304,940.461 Dec 2024 monthly Jan 1999 - Dec 2024
Macau SAR, China (USD mn) 8,887.622 Nov 2024 monthly Jun 1984 - Nov 2024
North Macedonia (USD mn) 4,637.474 Nov 2024 monthly Jan 2003 - Nov 2024
Malawi (USD mn) 1,005.072 Apr 2021 monthly Jan 1975 - Apr 2021
Malaysia (USD mn) 149,115.393 Dec 2024 monthly Dec 1969 - Dec 2024
Malta (USD mn) 24,786.338 Dec 2024 monthly Jan 1980 - Dec 2024
Mauritius (USD mn) 1,170.021 Nov 2024 monthly Jun 2005 - Nov 2024
Mexico (USD mn) 397,747.671 Dec 2024 monthly Dec 1985 - Dec 2024
Moldova (USD mn) 5,095.615 Dec 2024 monthly Jan 2000 - Dec 2024
Mongolia (USD mn) 3,416.896 Dec 2024 monthly Dec 1996 - Dec 2024
Morocco (USD mn) 138,488.360 Dec 2024 monthly Jan 1985 - Dec 2024
Myanmar (USD mn) 23,244.979 Mar 2024 monthly Apr 2012 - Mar 2024
Nepal (USD mn) 7,166.431 Dec 2024 monthly Jan 2001 - Dec 2024
Netherlands (USD mn) 549,166.096 Dec 2024 monthly Dec 1982 - Dec 2024
New Zealand (USD mn) 68,228.670 Dec 2024 monthly Dec 2016 - Dec 2024
Nigeria (USD mn) 21,807.151 Nov 2024 monthly Nov 1992 - Nov 2024
Norway (USD mn) 242,094.332 Dec 2024 monthly Dec 1992 - Dec 2024
Oman (USD mn) 18,325.878 Nov 2024 monthly Jan 1999 - Nov 2024
Pakistan (USD mn) 41,590.500 Dec 2024 monthly Jul 1991 - Dec 2024
Palestinian Territory (USD mn) 12,891.300 Sep 2024 quarterly Mar 2013 - Sep 2024
Panama (USD mn) 8,471.220 Sep 2024 monthly Dec 2002 - Sep 2024
Paraguay (USD mn) 5,989.345 Dec 2024 monthly Dec 1988 - Dec 2024
Peru (USD mn) 79,131.061 Dec 2024 monthly Jan 1992 - Dec 2024
Philippines (USD mn) 120,185.015 Nov 2024 monthly Dec 1988 - Nov 2024
Poland (USD mn) 453,219.170 Dec 2024 monthly Dec 1996 - Dec 2024
Portugal (USD mn) 145,231.300 Dec 2024 monthly Dec 1979 - Dec 2024
Qatar (USD mn) 38,415.165 Dec 2024 monthly Jan 1982 - Dec 2024
Romania (USD mn) 93,842.220 Dec 2024 monthly Dec 2001 - Dec 2024
Russia (USD mn) 508,615.781 Dec 2024 monthly Dec 2007 - Dec 2024
Saudi Arabia (USD mn) 445,261.016 Dec 2024 monthly Jan 1993 - Dec 2024
Serbia (USD mn) 18,127.947 Dec 2024 monthly Dec 2001 - Dec 2024
Singapore (USD mn) 356,418.710 Dec 2024 monthly Mar 2004 - Dec 2024
Slovakia (USD mn) 75,147.008 Dec 2024 monthly Jan 2003 - Dec 2024
Slovenia (USD mn) 41,845.988 Dec 2024 monthly Jan 1994 - Dec 2024
South Africa (USD mn) 143,338.860 Dec 2024 monthly Mar 1965 - Dec 2024
Spain (USD mn) 1,367,533.755 Dec 2024 monthly Jan 1962 - Dec 2024
Sri Lanka (USD mn) 6,572.014 Dec 2024 monthly Jan 1994 - Dec 2024
Sudan (USD mn) 4,492.463 Mar 2022 monthly Dec 2003 - Mar 2022
Sweden (USD mn) 360,469.912 Dec 2024 monthly Jan 1998 - Dec 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) 350,231.961 Dec 2024 monthly Jan 1992 - Dec 2024
Tajikistan (USD mn) 2,506.654 May 2023 monthly Dec 2000 - May 2023
Thailand (USD mn) 94,534.266 Dec 2024 monthly Dec 1975 - Dec 2024

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Nigeria 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: Recurrent (NGN bn) 3,732.590 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 Balance (NGN bn) -3,301.610 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: Oil (NGN bn) 1,304.960 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 (NGN bn) 5,584.150 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 (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 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 (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: 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
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
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: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 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: 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
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) 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) 21,807.151 Nov 2024 monthly Nov 1992 - Nov 2024
Money Supply M2 (USD mn) 65,496.541 Nov 2024 monthly Nov 1992 - Nov 2024
M2 Growth (%) 52.7 Nov 2024 monthly Nov 1993 - Nov 2024
Reserve Requirement Ratio (%) 50.0 Jan 2025 monthly Nov 2005 - Jan 2025
Foreign Exchange Reserves (USD mn) 35,920.0 Aug 2024 monthly Jan 1960 - Aug 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 10.7 Aug 2024 monthly Jan 2003 - Aug 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) 69,482.4 Nov 2024 monthly Nov 1992 - Nov 2024
Domestic Credit Growth (%) 35.4 Nov 2024 monthly Nov 1993 - Nov 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,273,927.360 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M2 (NGN mn) 108,946,684.260 Nov 2024 monthly Nov 1992 - Nov 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) 72,672,756.900 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 30,871,571.250 Nov 2024 monthly Jan 1993 - Nov 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) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

More Indicators for Nigeria

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