Nigeria Economic Chart Park

Money Supply And Lending Rate

Money Supply (Billion )

Rising money supply

Lending Rate (%)

Expensive loans

Money Supply: On a month-on-month basis, growth in M2 have accelerated overtime; reaching over N20,000 billion by April 2016. The rise in M2 at the end of 2016Q1 reflects the fast-paced rise in aggregate domestic credit and other assets relative to pre-2008 period. Similarly, M1 grew sharply at the end of 2016Q1 due to the increase in its demand deposits and currency outside banks components.

Lending Rate: Lending rates co-moves with changes in liquidity and money supply. The gap between maximum and prime lending rates began to widen in 2010; reflecting higher liquidity in the banking system. Both the maximum and prime lending rate trended downwards in 2016Q1 on the account of liquidity ejection in the banking system, at the time.




Related

 

Net Domestic Credit And Currency In Circulation (CIC):

Net Domestic Credit: Rising net credit to government and private sector have driven the upward trend in NDC, especially post-2008. In 2016Q1, NDC grew largely on the account of the rise in banking sec

Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP (Construction Sector)

Capital Importation: Capital expenditure into the construction sector remained above 10 percent since 2005 until 2015. Similar to the manufacturing sector, overall capital imported into the constructi

FDI, FPI And Other Investments

FDI, FPI and other Investments: Portfolio investment has continued to fall rapidly since 2014, while FDI inflows remain subdued since 2010

Appropriation Act (Budget)

Appropriation Act (Budget): Capital expenditure remarkably increased in 2016 relative to preceding year, on the account of the present governments renewed commitment to infrastructure development.