Nigeria’s money supply (M2) hit a historic peak of N107.1 trillion in August 2024, reflecting a 0.75% month-on-month rise from July’s figure of N106.3 trillion and a more substantial 5.6% increase from N101.4 trillion in June. The surge, reported by the Central Bank of Nigeria (CBN), has heightened concerns about liquidity and inflation management, as [...]The post Nigeria’s Money Supply Hits Record N107.1tn, Raising Inflationary Fears Amid Monetary Tightening Efforts appeared first on Tekedia.
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