Nigeria's broad money supply reached a record N124.99 trillion (approximately $78 billion) in April, indicating a significant expansion of domestic liquidity within the economy. This increase occurred despite the central bank's ongoing efforts to tighten monetary policy aimed at controlling inflation. Financial experts have raised concerns regarding the implications of such rapid liquidity growth, emphasizing the need for stricter regulatory oversight to mitigate potential economic risks. The data, released by the central bank, reflects a continued trend of increasing money supply in the country.
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