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NIGERIA'S MONEY SUPPLY

Nigeria’s financial system recorded notable shifts in August 2025, with broad money (M3) expanding even as government borrowing dropped sharply by 25.74% year-on-year.
Nigeria’s broad money supply surged to N119.52 trillion in August 2025, marking a sharp increase from N117.4 trillion recorded in June 2025. 
Nigeria’s broad money supply has declined for the third consecutive month this year, slipping slightly to N117.4 trillion in June 2025, according to the latest data from the Central Bank of Nigeria (CBN). 
Nigeria’s broad money supply declined for the second time this year, falling slightly to N119.01 trillion in May 2025, according to fresh data from the Central Bank of Nigeria (CBN). 
Nigeria’s broad money supply (M3) rose to N110.98 trillion in January 2025, marking a 17.3% year-on-year (YoY) increase...
Nigeria’s money supply (M3) has grown by 62.8% year-on-year (YoY) in September 2024, despite the Monetary Policy Committee’s (MPC) tightening stance aimed at curbing excess liquidity to control inflation. 
Nigeria’s money supply (M3) has surged to nearly N100 trillion, hitting a new peak of N99.24 trillion in May 2024. 
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery from previous decline recorded in March. This growth comes in the face of the Monetary Policy Committee’s (MPC) stringent measures aimed at controlling inflation.
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). 
Nigeria’s money supply surged to N51.8 trillion in November 2022, representing a N7.97 trillion increase year to date
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