Reserve money (base money)
₦41.50trn · Aug 2026US counterpart: closest current stand-in for WALCL (Fed balance sheet)
The money the CBN itself has created: notes and coins in circulation plus the balances banks keep at the CBN. When this grows, the central bank has put more naira into the system; when it shrinks, it has pulled naira back. It is the CBN's monetary footprint, and the nearest thing we have, month by month, to the size of the Fed's balance sheet.
Source: CBN Money and Credit Statistics · field baseMoney · 403 months
Banks' reserves at the CBN
₦36.07trn · Aug 2026US counterpart: reserve balances (WRESBAL)
What the banks hold at the CBN. In Nigeria most of this is not free to lend: the Cash Reserve Requirement (50% for commercial banks since 2024) forces banks to park half of every deposit here. So a large number is not the same as a flush banking system — much of it is locked.
Source: CBN Money and Credit Statistics · field bankReserves · 403 months
Currency in circulation
₦5.44trn · Aug 2026US counterpart: currency component of the monetary base
Physical naira outside the CBN — in bank vaults, tills, pockets and mattresses. The cash-scarcity episode of early 2023 shows up here as a sharp dip.
Source: CBN Money and Credit Statistics · field currencyInCirculation · 403 months
CBN (OMO) bills held outside the CBN
₦0.010trn · Aug 2026US counterpart: RRPONTSYD (overnight reverse repo)
Open Market Operation bills are how the CBN takes naira back out of the system: it sells a bill, the buyer's cash moves to the CBN until the bill matures. This is Nigeria's version of the Fed's reverse-repo drain. It was enormous in 2019–2020 (₦8 trillion) and has been wound down to almost nothing since 2022.
Source: CBN Money and Credit Statistics · field cbnBills · 200 months
Net foreign assets
₦37.39trn · Aug 2026US counterpart: —
The naira value of the CBN's foreign reserves less its foreign liabilities. Because it is measured in naira, a devaluation makes it jump even if not a single dollar was added — read it alongside the exchange rate.
Source: CBN Money and Credit Statistics · field netForeignAssets · 403 months
CBN total assets
₦81.04trn · Nov 2023US counterpart: WALCL (Fed total assets)
The whole CBN balance sheet: reserves, government securities it holds, loans and everything else. The direct equivalent of the Fed's WALCL. The CBN stopped publishing this monthly statement after November 2023, so the line ends there.
Source: CBN Statement of Assets & Liabilities · field totalAss · 225 months
Federal & State Government deposits at the CBN
₦0.83trn · Nov 2023US counterpart: WTREGEN (Treasury General Account)
Government cash held at the central bank — since 2015 mostly the Treasury Single Account. Money sitting here is out of the banking system, exactly as cash in the US Treasury's account is. When government spends it, liquidity returns to the banks; when it collects taxes or borrows, liquidity leaves. Published to November 2023 only.
Source: CBN Statement of Assets & Liabilities · field govtDep · 225 months
Bankers' deposits at the CBN
₦19.65trn · Nov 2023US counterpart: reserve balances (balance-sheet view)
The balance-sheet view of banks' money at the CBN, from the CBN's own accounts. Same idea as bank reserves above, different ledger; useful as a cross-check while both were published.
Source: CBN Statement of Assets & Liabilities · field bankers · 225 months
CBN instruments outstanding
₦14.76trn · Nov 2023US counterpart: RRPONTSYD (balance-sheet view)
All the bills and notes the CBN has issued to absorb naira, as carried on its own balance sheet — the liability-side view of the OMO drain. Published to November 2023 only.
Source: CBN Statement of Assets & Liabilities · field cbnInstruments · 62 months