Nigeria money supply m0


Nigeria money supply m0: 3693573.23 (1.18%)
Last Update: February 29, 2024

Nigeria money supply m0 closed down 3693573.23 as of February 29, 2024 from 3650500.2 from the previous month and 982097.66 from last year.


Nigeria money supply m0 Analytics & Data




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Nigeria money supply m0

Date Values
2024-02-29 3693573.23
2024-01-31 3650500.2
2023-12-31 3653303.9
2023-11-30 3347716.33
2023-10-31 3010346.55
2023-09-30 2761291.98
2023-08-31 2660138.92
2023-07-31 2595761.69
2023-06-30 2603266.82
2023-05-31 2526679.63
2023-04-30 2379074.15
2023-03-31 1683498.35
2023-02-28 982097.66
2023-01-31 1386398.5
2022-12-31 3012057.17
2022-11-30 3164256.76
2022-10-31 3298786.78
2022-09-30 3228752.06
2022-08-31 3210664.98
2022-07-31 3242600.24


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Nigeria money supply m0 Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
money supply m0 ng.msm0 3693570 3650500 1 276 UP UP 100 2024-02-29

Nigeria money supply m0 Factors

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What is the Nigeria money supply m0

Welcome to our webpage showcasing current and historical data, trends, signals, analytics, and charts for Nigeria's money supply M0. This data is crucial for understanding the overall state of the Nigerian economy and its financial system.

But first, what exactly is Nigeria money supply M0?

Nigeria money supply M0 refers to the most liquid form of money in circulation within the country. It consists of currency in circulation (banknotes and coins), as well as cash reserves held by commercial banks with the Central Bank of Nigeria (CBN). M0 represents the base money supply and serves as the foundation for broader measures of money supply.

Interpreting Nigeria money supply M0 data is essential for various reasons. Here are some key insights that can be gained:

1. Economic Growth and Inflation: Money supply growth directly impacts inflation and economic growth. An increase in M0 may indicate higher liquidity and potential inflationary pressures, while a decrease may signal efforts to control inflation.

2. Monetary Policy: Monitoring changes in M0 helps track the effectiveness of monetary policy interventions by the Central Bank of Nigeria. It provides insights into their efforts to manage the overall money supply for price stability and economic stability.

3. Financial System Health: M0 also reflects the health of the financial system. An expansion of M0 may indicate increased demands for cash, while a contraction may indicate a preference for non-cash payment systems or potential financial stress.

On our webpage, you will find interactive charts displaying the current and historical data of Nigeria money supply M0. These charts can be customized based on specific timeframes and can be used to identify trends and patterns.

Our analytics and signals provide further insights into the data, highlighting potential turning points, cyclical patterns, and unusual movements. These valuable signals can guide your decision-making process and help you better understand the implications of Nigeria's money supply M0 on the broader economy.

To ensure flexibility in your analysis, users can export the historical data for free. This allows for in-depth examination and integration into your own models or software for further analysis and forecasting.

In addition to Nigeria money supply M0, we offer a range of other economic indicators and data points to give you a comprehensive view of Nigeria's economy. Our MacroVar signals, trends, and analysis provide further depth and context to the data, enabling you to make informed decisions and anticipate economic developments.

Visit our webpage today to explore the current and historical data, trends, signals, analytics, and charts for Nigeria's money supply M0. Gain valuable insights into the Nigerian economy, export historical data for free, and leverage our MacroVar signals to navigate the complexities of the financial landscape.

Nigeria Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
NSE All Share ALLSHARE 71230.5 1 1 1.60129 74.6549 0.0025 0.00165 0.06098 0.61846
Nigeria ETF NGE 7.75 -0.5 -1 -1.59522 38.6064 0.0144 0.02513 -0.07468 0.053
Nigerian Naira US Dollar (NGN/USD) NGNUSD 788.33 0 1 1.11221 50.9669 0.00169 -0.00211 0.02176 0.78683
Nigeria 10-year bond yield NG.10Y 15.433 1 1 2.13446 67.3937 0.00823 0.03251 0.04944 0.07525
Nigeria 2-Year Bond Yield NG.2Y 15.147 0 0 0 0 0 0 0 0
Nigeria Yield Curve NG.YC 0.784 -1 -1 -3.5335 29.4427 -0.73442 -0.69706 -0.59017 -0.72179
Nigeria Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade ng.balanceoftrade 1741090 -653831 -366 -2746 UP UP 3 2023-07-31
business confidence ng.bizconfidence -15.2 -1.5 913 -152 Down Down 32 2020-12-01
capacity utilization ng.caputilization 54.9 56.4 -3 37 UP UP 0 2023-06-30
cash reserve ratio ng.cashreserveratio 45 45 0 38 UP UP 99 2024-02-29
composite pmi ng.comppmi 51 54.5 -6 14 UP UP 95 2024-02-29
consumer confidence ng.consconfidence -14.8 -21.2 -30 -1580 Down Down 0 2020-12-31
consumer price index cpi ng.cpi 681.4 660.8 3 32 UP UP 100 2024-02-29
core inflation rate ng.coreinflationrate 24.7 23.44 5 29 UP UP 77 2024-01-31
current account ng.currentaccount 3280 2870 14 -200 UP UP 23 2023-06-30
current account to gdp ng.currentaccountgdp -0.3 -0.5 -40 -110 Down Down 0 2023-01-31
deposit interest rate ng.depositrate 7.68 7.95 -3 69 UP UP 86 2023-06-30
exports ng.exports 3026630 1878040 61 44 UP UP 72 2023-02-28
external debt ng.externaldebt 41594.5 43159.2 -4 30 UP UP 0 2023-09-30
fiscal expenditure ng.fiscalexp 4040.18 4175.35 -3 90 UP UP 0 2023-09-30
foreign exchange reserves ng.fxreserves 33520 33370 0 -9 Down Down 43 2024-02-29
gdp ng.gdp 472.62 440.84 7 17 UP UP 0 2023-01-31
Real GDP ng.realgdp 21773300 19442300 12 11 UP UP 53 2023-12-31
gdp growth ng.gdpgrowth 12 9.7 24 -1600 UP UP 0 2023-12-31
gdp growth annual ng.gdpgrowthan 2.51 2.31 9 -169 Down UP 13 2023-09-30
gold reserves ng.goldres 21.37 21.46 0 0 Down Down 51 2021-06-30
government budget ng.govbudget -6.1 -5 22 336 Down Down 0 2024-01-31
Government budget ng.govbudgetvalue -2347.16 -2665.26 -12 88 Down Down 0 2023-09-30
government debt to gdp ng.govdebtgdp 38.8 38 2 123 UP UP 0 2023-01-31
government revenues ng.govrev 1693.02 1510.09 12 70 UP UP 0 2023-09-30
imports ng.imports 1285540 2531870 -49 -37 Down Down 3 2023-02-28
industrial production ng.indproduction -9.7 15.2 -164 31 Down Down 0 2023-06-30
interest rate ng.interestrate 18.75 18.5 1 34 UP UP 85 2023-07-25
lending rate ng.lendingrate 13.85 14.07 -2 14 UP UP 91 2023-06-30
manufacturing pmi ng.manpmi 42.8 49.4 -13 -16 Down Down 18 2023-06-30
money supply m0 ng.msm0 3693570 3650500 1 276 UP UP 100 2024-02-29
money supply m1 ng.msm1 30277200 31158900 -3 44 UP UP 90 2024-02-29
money supply m2 ng.msm2 93968500 92843000 1 78 UP UP 98 2024-02-29
services pmi ng.servpmi 51.1 52.7 -3 3 UP UP 60 2023-06-30
unemployment rate ng.unemploymentrate 5 4.2 19 -64 Down Down 0 2021-06-30
youth unemployment rate ng.ytunemploymentrate 8.6 7.2 19 -66 Down Down 0 2021-09-30