Nigeria’s money supply increased by 65% to N107.1tn in August – CBN …C0NTINUE READING HERE >>>
Nigeria’s money supply, M2 increased by 65 percent on a year-on-year basis to N107.1 trillion in August 2024
This is according to the Central Bank of Nigeria’s recently released data.
This showed that M2 rose by 0.75 percent month-on-month from N106.3 trillion recorded in July 2024.
Also on a year-on-year basis, the N107.1 trillion rise in M2 represents an N65 percent increase from the N64.8 trillion recorded in a corresponding period last year.
Reacting to the rise in M2, the CBN…
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