Nigeria money supply m1
Nigeria money supply m1: 30277249.26 (-2.83%)
Last Update: February 29, 2024
Last Update: February 29, 2024
Nigeria money supply m1 closed down 30277249.26 as of February 29, 2024 from 31158889.44 from the previous month and 20958760.95 from last year.
Nigeria money supply m1 Analytics & Data
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Nigeria money supply m1
| Date | Values |
|---|---|
| 2024-02-29 | 30277249.26 |
| 2024-01-31 | 31158889.44 |
| 2023-12-31 | 30122288.89 |
| 2023-11-30 | 26185029.81 |
| 2023-10-31 | 26426950.56 |
| 2023-09-30 | 25320016.94 |
| 2023-08-31 | 24229241.47 |
| 2023-07-31 | 24157118.36 |
| 2023-06-30 | 24494926.03 |
| 2023-05-31 | 22485401.49 |
| 2023-04-30 | 22542268.96 |
| 2023-03-31 | 21399593.91 |
| 2023-02-28 | 20958760.95 |
| 2023-01-31 | 20964941.91 |
| 2022-12-31 | 20686476.65 |
| 2022-11-30 | 21503412 |
| 2022-10-31 | 21323643.56 |
| 2022-09-30 | 21188070.11 |
| 2022-08-31 | 21436163.98 |
| 2022-07-31 | 20372771.97 |
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Nigeria money supply m1 Statistics
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| money supply m1 | ng.msm1 | 30277200 | 31158900 | -3 | 44 | UP | UP | 90 | 2024-02-29 |
Nigeria money supply m1 Factors
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What is the Nigeria money supply m1
Welcome to our webpage showcasing current and historical data, trends, signals, analytics, and charts for Nigeria Money Supply M1. This comprehensive resource is designed to help you understand and interpret the fluctuations in Nigeria's monetary base and make informed decisions about economic trends.But first, let's understand what Nigeria Money Supply M1 represents. Money Supply M1 refers to the total amount of currency in circulation (notes and coins) and demand deposits in the country. M1 is considered a narrow measure of money supply as it includes only highly liquid and readily available forms of money.
Interpreting Nigeria Money Supply M1 can provide valuable insights into the overall state of the economy. As the quantity of money in circulation increases, it signifies the potential for increased spending and economic activity. Conversely, a decrease in Money Supply M1 may indicate a slowdown in economic growth. Monitoring Money Supply M1 trends can also be helpful when assessing inflationary pressures as excessive growth in money supply can lead to rising prices.
To assist you in your analysis, our webpage offers a range of tools, including interactive charts and historical data. You can choose specific timeframes and zoom in or out to explore particular periods of interest. This visual representation allows for easy identification of trends and patterns in Nigeria's Money Supply M1.
Additionally, we provide analytics and signals through our MacroVar feature, which offers insights and predictions based on advanced algorithms and historical data analysis. These signals can help identify potential turning points in Money Supply M1 or provide indications of future economic conditions.
For those seeking more in-depth analysis, our platform enables you to export historical data for free. This feature allows you to conduct further analysis using your preferred statistical software or spreadsheet program, enhancing your ability to uncover valuable insights.
Whether you are an economist, investor, or simply a curious observer, our webpage offers a user-friendly interface to analyze Nigeria's Money Supply M1. Combined with our MacroVar signals and the ability to export data, you'll have a powerful toolkit at your disposal to make informed decisions and keep up with the ever-changing economic landscape.
Start exploring Nigeria's Money Supply M1 data now and unlock a deeper understanding of the country's economic conditions!
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 |
| 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 | 51.1 | 52.7 | -3 | 21 | Down | UP | 97 | 2024-03-31 |
| consumer confidence | ng.consconfidence | -14.8 | -21.2 | -30 | -1580 | Down | Down | 0 | 2020-12-31 |
| consumer price index cpi | ng.cpi | 701.9 | 681.4 | 3 | 33 | UP | UP | 100 | 2024-03-31 |
| core inflation rate | ng.coreinflationrate | 25.39 | 24.67 | 3 | 35 | UP | UP | 92 | 2024-02-29 |
| 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 | 34260 | 33520 | 2 | -4 | UP | Down | 72 | 2024-03-31 |
| 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 | 3.46 | 2.54 | 36 | 3045 | UP | UP | 100 | 2023-12-31 |
| 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 |