Nigeria’s money supply hits record N110.98trn in January amid inflation concerns

Nigeria’s broad money supply (M3) surged to N110.98 trillion in January 2025, marking a 17.3% year-on-year (YoY) increase from N94.61 trillion recorded in January 2024. This sharp rise underscores the growing liquidity in the economy, driven by increases in both net foreign assets (NFA) and net domestic assets (NDA). The latest figures, released [...]The post Nigeria’s money supply hits record N110.98trn in January amid inflation concerns appeared first on National Daily Newspaper.

Read More