By Opeyemi Abdulsalam Nigeria’s money supply has reached a record high, according to recent data from the Central Bank of Nigeria (CBN). The total amount of money in circulation, known as M3, stood at N99.23 trillion in May 2024. Despite…
Nigeria’s money supply dropped marginally to N92.3 trillion in March 2024 from N93.9 trillion in February. This is according to recent data from the Central Bank of Nigeria. Experts have linked the development to CBN’s hike in interest rates. Demand…
By Sodiq Adelakun The country’s total money supply (M2) increased to N66.4 trillion in September 2023, according to data released by the Central Bank of Nigeria. M2 represents the total amount of money available in the economy at a given…
