Tag
MONEY SUPPLY
Nigeria’s broad money supply (M3) surged to a record N119.11 trillion in April 2025, according to the latest Money and Credit Statistics from the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held on Friday, April 25, 2025, following overwhelming investor demand that led to a 102% oversubscription.
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 the same month of 2024, according to the latest data from the Central Bank of Nigeria (CBN).
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 (M3) dropped to N107.66 trillion in October 2024, reflecting a 1.6% month-on-month (MoM) decrease from N109.41 trillion in September 2024.
The founder and Chief Consultant at B. Adedipe Associates Ltd. Dr. Abiodun Adedipe has said that 80 to 85% of transactions in the informal sector of the Nigerian economy are still in cash.
M3 jumped by 18.21% in January 2024, when compared to December 2023, to N93.72 trillion, an alarming 76% compared to January 2023. How could the government deny that it was printing money, just like the ways and means excesses it had criticised the Buhari administration for.
The federal government's subsidy reforms, rather than the expansion of money supply, are a major driver behind the persistent core inflation in Nigeria.
Nigeria’s broad money supply (M3) has surged to a new historic high of N95.56 trillion as of February 2024 despite the hawkish tightening stance of the Monetary Policy Committee (MPC).
The Central Bank of Nigeria has intensified its efforts to manage the money supply by conducting Open Market Operations (OMO) auctions, through which it sold N1.06 trillion in bills.
Nigeria's broad money supply surged to a historic high of N93.72 trillion as of January 2024, marking a remarkable ascent.
Nigeria’s broad money supply increased to N78.74 trillion as of December 2023, the highest ever recorded in the...