Nigeria money supply m2
Nigeria money supply m2: 93968491.96 (1.21%)
Last Update: February 29, 2024
Last Update: February 29, 2024
Nigeria money supply m2 closed down 93968491.96 as of February 29, 2024 from 92843042.71 from the previous month and 52921785.2 from last year.
Nigeria money supply m2 Analytics & Data
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Nigeria money supply m2
| Date | Values |
|---|---|
| 2024-02-29 | 93968491.96 |
| 2024-01-31 | 92843042.71 |
| 2023-12-31 | 78831122 |
| 2023-11-30 | 71331641.4 |
| 2023-10-31 | 72661232.78 |
| 2023-09-30 | 66174923.16 |
| 2023-08-31 | 65149401.84 |
| 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 |
| 2022-10-31 | 50577358.02 |
| 2022-09-30 | 49316901.83 |
| 2022-08-31 | 49305842.28 |
| 2022-07-31 | 48258489.56 |
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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 | 93968500 | 92843000 | 1 | 78 | UP | UP | 98 | 2024-02-29 |
Nigeria money supply m2 Factors
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What is the Nigeria money supply m2
Welcome to our webpage dedicated to Nigeria Money Supply M2! Here, you can access current and historical data, trends, analytics, and charts that provide valuable insights into the Nigerian economy.But first, let's delve into the concept of Nigeria Money Supply M2 and its interpretation. Money Supply M2 refers to the broadest measure of money in the economy, encompassing both physical currency and various types of deposits held by residents and non-residents. In simple terms, it represents the total amount of money available in Nigeria's financial system.
M2 includes currency in circulation, demand deposits (checking accounts), and time deposits (savings accounts), among other types of liquid assets. By monitoring changes in M2 over time, we can gain insights into the growth or contraction of the money supply, which affects economic activity, inflation, and interest rates.
Interpreting Nigeria Money Supply M2 is crucial for understanding the country's monetary policy, economic stability, and potential inflationary pressures. For instance, if M2 is growing rapidly, it may indicate increased consumer spending, investment, and economic expansion. Conversely, a decline in M2 could signify decreased economic activity and liquidity.
On our webpage, you can access detailed charts and analytics that highlight the current and historical trends of Nigeria Money Supply M2. These charts provide a convenient visual representation of the data, allowing you to identify patterns, seasonal variations, and long-term trends.
Furthermore, we offer the functionality to export historical data for free, empowering you to conduct further analysis or integrate it into your own models. This feature enables you to customize your analysis, explore relationships with other economic variables, or utilize advanced econometric techniques.
Additionally, our webpage incorporates MacroVar's signals, trends, and analysis to provide you with a broader perspective on Nigeria Money Supply M2. MacroVar's algorithms leverage big data and machine learning to generate real-time insights, allowing you to stay ahead of market trends and make informed decisions.
In summary, our webpage offers a comprehensive and user-friendly platform to access current and historical data, interpret trends, and perform analysis related to Nigeria Money Supply M2. Whether you are an economist, financial professional, or researcher, our webpage is a valuable resource for monitoring and understanding the dynamics of Nigeria's monetary system.
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 | 32150 | 34260 | -6 | -9 | Down | Down | 44 | 2024-04-30 |
| 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 | -65 | Down | Down | 0 | 2021-09-30 |
| youth unemployment rate | ng.ytunemploymentrate | 8.6 | 7.2 | 19 | -66 | Down | Down | 0 | 2021-09-30 |