Nigeria Reserve Requirement Ratio
2005 - 2024 | Monthly | % | Central Bank of Nigeria
Key information about Nigeria Reserve Requirement Ratio
- Cash Reserve Ratio was set as 50.0 % in Oct 2024
- Nigeria Reserve Requirement Ratio data updated monthly, available from Nov 2005 to Oct 2024
- The data is reported by Central Bank of Nigeria
- In the latest reports, Nigeria Money Supply M2 increased to 67.2 USD bn YoY in Aug 2024
- Foreign Exchange Reserves in Nigeria was measured at 34.8 USD bn in Jun 2024
View Nigeria's Reserve Requirement Ratio from Nov 2005 to Oct 2024 in the chart:
What was Nigeria's Reserve Requirement Ratio in Oct 2024?
Cash Reserve Ratio was set as 50.0 % in Oct 2024 See the table below for more data.
Last Previous Min Max Unit Frequency Range 50.0 Oct 2024 50.0 Sep 2024 1.0 Jan 2011 50.0 Oct 2024 % monthly Nov 2005 - Oct 2024 Reserve Requirement Ratio by Country Comparison
country/region Last Frequency Range Algeria (%) 3.0 Dec 2023 monthly Jun 2006 - Dec 2023 Argentina (%) 41.6 Aug 2024 monthly Apr 1985 - Aug 2024 Armenia (%) 8.0 2023 yearly 2008 - 2023 Austria (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Azerbaijan (%) 5.0 Sep 2024 monthly May 1993 - Sep 2024 Bahrain (%) 5.0 Oct 2024 monthly Jan 2008 - Oct 2024 Bangladesh (%) 4.0 Oct 2024 monthly Oct 1999 - Oct 2024 Belarus (%) 20.0 Oct 2024 monthly Jul 1998 - Oct 2024 Belgium (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Bolivia (%) 8.5 Aug 2024 monthly Jan 2000 - Aug 2024 Bosnia and Herzegovina (%) 10.0 Sep 2024 monthly Aug 1997 - Sep 2024 Botswana (%) 2.5 Feb 2021 monthly Feb 2006 - Feb 2021 Brazil (%) 21.0 Oct 2024 monthly Jul 1994 - Oct 2024 Brunei (%) 6.0 Oct 2024 monthly Jan 2006 - Oct 2024 Bulgaria (%) 10.0 Oct 2024 monthly Dec 2004 - Oct 2024 Cambodia (%) 7.0 Oct 2024 monthly Jan 2008 - Oct 2024 China (%) 6.6 Oct 2024 monthly Jan 1985 - Oct 2024 Colombia (%) 8.0 Oct 2024 monthly Jun 2008 - Oct 2024 Croatia (%) 2.7 Dec 2022 monthly Jan 1993 - Dec 2022 Cyprus (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Czech Republic (%) 2.0 Oct 2024 monthly Aug 1996 - Oct 2024 Ecuador (%) 2.0 Aug 2022 monthly Dec 2009 - Aug 2022 Egypt (%) 18.0 Oct 2024 monthly Jan 2012 - Oct 2024 Estonia (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 European Union (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Finland (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 France (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Georgia (%) 5.0 Oct 2024 monthly Jan 1992 - Oct 2024 Germany (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Greece (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Hungary (%) 10.0 Oct 2024 monthly Mar 1994 - Oct 2024 Iceland (%) 3.0 Oct 2024 monthly Jun 1979 - Oct 2024 India (%) 4.5 Oct 2024 monthly Sep 1962 - Oct 2024 Indonesia (%) 9.0 Oct 2024 monthly Jan 1997 - Oct 2024 Iran (%) 10.0 May 2024 monthly Mar 2008 - May 2024 Ireland (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Israel (%) 6.0 Oct 2024 monthly Jan 1995 - Oct 2024 Italy (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Ivory Coast (%) 3.0 Dec 2023 monthly Oct 1993 - Dec 2023 Japan (%) 0.8 Aug 2024 monthly Oct 1980 - Aug 2024 Kazakhstan (%) 2.0 Nov 2024 monthly Jun 2015 - Nov 2024 Kenya (%) 4.3 Mar 2023 monthly Dec 1999 - Mar 2023 South Korea (%) 7.0 Oct 2024 monthly Nov 1979 - Oct 2024 Kosovo (%) 10.0 2022 yearly 2001 - 2022 Kyrgyzstan (%) 9.0 Sep 2015 monthly Jan 2007 - Sep 2015 Laos (%) 8.0 Oct 2024 monthly Jan 2002 - Oct 2024 Latvia (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Lebanon (%) 25.0 Oct 2024 monthly Dec 2002 - Oct 2024 Lithuania (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Luxembourg (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 North Macedonia (%) 8.0 Oct 2024 monthly Jan 2004 - Oct 2024 Malawi (%) 8.8 Aug 2024 monthly Jan 2019 - Aug 2024 Malaysia (%) 2.0 Sep 2024 monthly Jan 1959 - Sep 2024 Malta (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Mauritius (%) 9.0 Sep 2024 monthly Jul 1998 - Sep 2024 Moldova (%) 31.0 Jun 2024 monthly Jan 2004 - May 2024 Mongolia (%) 10.0 Oct 2024 monthly Jan 2005 - Oct 2024 Montenegro (%) 5.5 Sep 2024 monthly Jan 2002 - Sep 2024 Morocco (%) 0.0 Oct 2024 monthly Oct 1990 - Oct 2024 Mozambique (%) 39.0 Nov 2024 monthly Aug 2011 - Nov 2024 Myanmar (%) 3.8 Oct 2024 monthly May 2011 - Oct 2024 Nepal (%) 4.0 Sep 2024 monthly Jul 2003 - Sep 2024 Netherlands (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Nigeria (%) 50.0 Oct 2024 monthly Nov 2005 - Oct 2024 Norway (%) 3.5 Oct 2024 monthly Oct 2011 - Oct 2024 Oman (%) 5.0 Sep 2024 monthly Jun 2006 - Sep 2024 Pakistan (%) 5.0 Sep 2024 monthly Jul 2006 - Sep 2024 Peru (%) 5.5 Oct 2024 monthly Apr 1997 - Oct 2024 Philippines (%) 9.5 Oct 2024 monthly May 1986 - Oct 2024 Poland (%) 3.5 Dec 2017 monthly Jan 1993 - Dec 2017 Portugal (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Qatar (%) 4.5 Sep 2024 monthly Jan 2003 - Sep 2024 Romania (%) 8.0 Sep 2024 monthly Jan 2006 - Sep 2024 Russia (%) 4.5 Oct 2024 monthly Jul 2004 - Oct 2024 Saudi Arabia (%) 7.0 Oct 2024 monthly Mar 1980 - Oct 2024 Serbia (%) 7.0 Oct 2024 monthly Jan 2005 - Oct 2024 Slovakia (%) 1.0 Jul 2021 monthly Jan 1999 - Jul 2021 Slovenia (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 South Africa (%) 2.5 Oct 2024 monthly Feb 1994 - Oct 2024 Spain (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024 Sri Lanka (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023 Sudan (%) 18.0 Sep 2024 monthly Jan 2003 - Sep 2024 Taiwan (%) 5.0 Oct 2024 monthly Dec 1988 - Oct 2024 Tajikistan (%) 3.0 Mar 2024 quarterly Mar 2008 - Mar 2024 Thailand (%) 1.0 Oct 2024 monthly Sep 1997 - Oct 2024 Tunisia (%) 1.0 Sep 2024 monthly Oct 1964 - Sep 2024 Turkey (%) 8.0 Sep 2024 monthly Jan 2011 - Sep 2024 Ukraine (%) 20.0 Sep 2024 monthly Dec 2014 - Sep 2024 United Arab Emirates (%) 1.0 Oct 2024 monthly Jan 2000 - Oct 2024 United States (%) 0.0 Oct 2024 monthly Nov 1980 - Oct 2024 Venezuela (%) 73.0 Oct 2024 monthly Jan 2004 - Oct 2024 Vietnam (%) 3.0 Oct 2024 monthly Feb 2010 - Oct 2024 Yemen (%) 7.0 Aug 2015 monthly Jul 1995 - Aug 2015 Zambia (%) 26.0 Sep 2024 monthly Jan 2004 - Sep 2024 Accurate Macro & Micro Economic Data You Can Trust
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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: 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 Federal Govt Expenditure: Recurrent (NGN bn) 6,152.970 Jun 2024 quarterly Mar 2005 - Jun 2024 Gross Federation Account Revenue (NGN bn) 6,285.040 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 Federal Govt Revenue (NGN bn) 2,305.540 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 Exports: Crude Oil (NGN mn) 5,457,219.231 Jun 2024 monthly Jan 2003 - 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: America: ow USA (NGN mn) 975,552.174 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: Europe: ow UK (NGN mn) 4,761.874 Jun 2024 monthly Jan 2003 - Jun 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) 89,695.701 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 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: 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 (NGN mn) 3,152,397.822 Jun 2024 monthly Jan 2003 - Jun 2024 Imports: Manufactured Goods (NGN mn) 415,104.163 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: Food and Live Animals (NGN mn) 464,465.517 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 (USD mn) 42,495.160 Dec 2023 quarterly Dec 2006 - Dec 2023 External Debt: Government: International Capital Market (USD mn) 15,118.350 Mar 2024 quarterly Mar 2011 - Mar 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) 21,896.535 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: Base Money (NGN mn) 26,891,229.280 Aug 2024 monthly Jan 1993 - Aug 2024 Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,232,284.010 Aug 2024 monthly Nov 1992 - Aug 2024 Monetary Survey: Liabilities: M2 (NGN mn) 107,182,219.490 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 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) 13.8 Sep 2024 monthly Jul 2015 - Sep 2024 More Indicators for Nigeria
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