Broad Money (Local Currency) rose 17.4% to NGN 52,187 bil in Nigeria in 2022

Broad Money (Local Currency) (NGN bil), 2022
Economy | Nigeria | September 1, 2025
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Broad money rose 17.4% to NGN 52,187 bil in Nigeria in 2022, according to the National Statistical Office.

Historically, broad money in Nigeria reached an all time high of NGN 52,187 bil in 2022 and an all time low of NGN 0.276 bil in 1960.

Nigeria has been ranked 12th within the group of 116 countries we follow in terms of broad money, 3 places above the position seen 10 years ago.

Broad Money (Local Currency) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Algeria DZD bil 16,637 16,511 17,740 20,079 22,955
Benin XOF bil 2,213 2,346 2,752 3,211 3,628
Burkina Faso XOF bil 3,718 4,056 4,779 5,585 5,717
Cameroon XAF bil 4,752 ... ... ... ... ... ...
Central African Republic XAF bil 343 374 416 477 489 ... ...
Chad XAF bil 913 1,120 1,316 1,496 ... ... ...
Gabon XAF bil 2,236 2,267 ... ... ... ... ...
Libya LYD bil 114 112 128 102 ... ... ...
Mali XOF bil 2,703 2,821 3,167 4,320 4,783
Niger XOF bil 1,126 1,296 1,516 1,664 1,862
Nigeria NGN bil 32,740 34,851 38,905 44,444 52,187 ... ...
Sudan SDG bil 431 690 1,296 ... ... ... ...
Togo XOF bil 1,726 1,804 2,013 2,261 2,608