Nigeria money supply m2


Nigeria money supply m2: 107654001.23 (-1.6%)
Last Update: October 31, 2024

Nigeria money supply m2 closed down 107654001.23 as of October 31, 2024 from 109401745.36 from the previous month and 72661232.78 from last year.


Nigeria money supply m2 Analytics & Data




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Nigeria money supply m2

Date Values
2024-10-31 107654001.23
2024-09-30 109401745.36
2024-08-31 107182219.49
2024-07-31 106347375.9
2024-06-30 101450517.62
2024-05-31 98986356.49
2024-04-30 96963523.96
2024-03-31 92332620.21
2024-02-29 93968491.96
2024-01-31 93772008.85
2023-12-31 78831122
2023-11-30 71342958.51
2023-10-31 72661232.78
2023-09-30 66174923.16
2023-08-31 65638978.68
2023-07-31 64926250.75
2023-06-30 64358217.2
2023-05-31 55550398.02
2023-04-30 55649344.64
2023-03-31 54185866.75
2023-02-28 52921785.2
2023-01-31 52966478.09
2022-12-31 51747302.38
2022-11-30 51784485.54

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Nigeria money supply m2 Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
money supply m2 ng.msm2 107654001.23 109402000 -2 48 UP UP 83 2024-10-31

Nigeria money supply m2 Quantitative Analysis, Charts & Factors

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Nigeria money supply m2 Historical Data

The MacroVar database offers free access to historical data for the Nigeria money supply m2, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Nigeria money supply m2 data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Nigeria money supply m2

Nigeria's money supply M2 refers to the total amount of money in circulation in the economy, including cash, checking and savings deposits, and other liquid assets. It is an important indicator of the country's financial health and economic activity. The Central Bank of Nigeria closely monitors M2 as part of its monetary policy decision-making process, as changes in the money supply can impact inflation, interest rates, and overall economic stability. By analyzing M2, policymakers can make informed decisions on how to regulate the money supply to achieve their economic goals.

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