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CBN Reports Sharp Rise in Money Supply as FG Credit Grows by 54%
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admin / 2 years
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- 2 min read
Nigeria’s Broad Money Supply (M2) has risen by 51% year-on-year (YoY) to ₦108.96 trillion in November 2024, driven by the Federal Government’s domestic borrowings from the private sector, according to data from the Central Bank of Nigeria (CBN). The CBN’s Money and Credit Statistics report, released on Monday, indicates an increase from ₦72.03 trillion recorded […]
