CBN raises over N1 trillion at latest OMO auction as money supply surges
The Central Bank of Nigeria (CBN) raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held ...
Tag: Money Supply
Money supply rises to N114.2 trillion in March amid soaring inflation
Nigeria’s broad money supply (M3) rose to N114.22 trillion in March 2025, up by 24% year-on-year from N92.19 trillion in ...
Nigeria’s money supply records first drop in 2025, falls to N110.32 trillion
The figure, however, still reflects a significant 15.45% increase year-on-year compared to the N95.56 trillion recorded in February 2024.
Nigeria’s money supply falls to N107.66 trillion, second decline in 2024
Nigeria’s money supply (M3) dropped to N107.66 trillion in October 2024, reflecting a 1.6% month-on-month (MoM) decrease from N109.41 trillion ...
85% of transactions in Nigeria’s informal sector still in cash—Abiodun Adedipe
The founder and Chief Consultant at B. Adedipe Associates Ltd. Dr. Abiodun Adedipe has said that 80 to 85% of ...
Paper Money: How the money supply myth kills growth
M3 jumped by 18.21% in January 2024, when compared to December 2023, to N93.72 trillion, an alarming 76% compared to ...
FG’s subsidy reforms, not money supply growth, driving core inflation in Nigeria – Study
The federal government's subsidy reforms, rather than the expansion of money supply, are a major driver behind the persistent core ...
Nigeria’s money supply hits historic N95.56 trillion in Feb 2024 despite MPC’s tightening stance
Nigeria’s broad money supply (M3) has surged to a new historic high of N95.56 trillion as of February 2024 despite ...
Money Supply: CBN sells N1 trillion OMO Bills at record high 21.5%
The Central Bank of Nigeria has intensified its efforts to manage the money supply by conducting Open Market Operations (OMO) ...
Nigeria’s money supply hits new all-time high of N93.72 trillion in January 2024
Nigeria's broad money supply surged to a historic high of N93.72 trillion as of January 2024, marking a remarkable ascent.
