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 ...
Tag: Money Supply
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.
Nigeria’s money supply hits all-time high of N78.74 trillion in December 2023
Nigeria’s broad money supply increased to N78.74 trillion as of December 2023, the highest ever recorded in the country. This ...
Money supply in Nigeria rose to N52.14 trillion in 2022 despite CBN’s hawkish policies
Nigeria’s money supply gained a massive N8.32 trillion in 2022 after jumping from N43.82 trillion in 2021
Only six banks account for 68.7% of total deposits in Nigeria
Net loans and advances increased by 3.19% to N3,023.61 billion as of June 2022
