Broad money in Nigeria
Nigeria: Broad money was 78.76 trillion current LCU in 2023. ◆ Volatile
Broad money in Nigeria, 1960–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Nigeria recorded 78.76 trillion current LCU for broad money in 2023. That is the highest value across all 64 years on record.
That represents a change of up 50.9% on the previous year and up 282.1% over ten years.
Over the whole period, broad money in Nigeria peaked at 78.76 trillion current LCU in 2023 and was at its lowest, 276.00 million current LCU, in 1960.
Nigeria ranks 16th of 166 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 432.83 million current LCU | 276.00 million current LCU | 662.60 million current LCU | 10 |
| 1970s | 4.20 billion current LCU | 979.30 million current LCU | 9.85 billion current LCU | 10 |
| 1980s | 24.40 billion current LCU | 14.39 billion current LCU | 43.37 billion current LCU | 10 |
| 1990s | 307.53 billion current LCU | 57.55 billion current LCU | 699.73 billion current LCU | 10 |
| 2000s | 4.11 trillion current LCU | 1.04 trillion current LCU | 10.93 trillion current LCU | 10 |
| 2010s | 23.04 trillion current LCU | 11.66 trillion current LCU | 34.85 trillion current LCU | 10 |
| 2020s | 53.57 trillion current LCU | 38.90 trillion current LCU | 78.76 trillion current LCU | 4 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Domestic credit to private sector 9.6% (2022)
- Claims on central government, etc. 8.6% (2022)
- Broad money 25.1% (2023)
- Monetary Sector credit to private sector 9.6% (2022)
- Net foreign assets 3.79 trillion current LCU (2022)
- Net domestic credit 66.12 trillion current LCU (2022)
- Total reserves in months of imports 7.12 (2025)
- Net migration -15,258 (2025)
- Domestic credit to private sector by banks 13.1% (2023)
- Official exchange rate 1,518 LCU per US$, period average (2025)
Frequently asked questions
- What is broad money in Nigeria?
- Broad money in Nigeria was 78.76 trillion current LCU in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Nigeria?
- The highest recorded value was 78.76 trillion current LCU in 2023.
- What is the lowest broad money recorded in Nigeria?
- The lowest recorded value was 276.00 million current LCU in 1960.
- How does Nigeria rank for broad money?
- Nigeria ranks 16th out of 166 countries with data for 2023.
- Is broad money rising or falling in Nigeria?
- Over the last ten years it is up 282.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.