Nigeria’s broad money supply climbed to ₦114.22 trillion in March 2025, despite the Central Bank of Nigeria’s efforts to tighten monetary policy in the last quarter.
Key Points:
- The figure rose 24% year-on-year from ₦92.19 trillion in March 2024.
- Compared to February 2025, money supply increased by 3.2%, up from ₦110.71 trillion.
- Net foreign assets grew significantly by 38.9% to hit ₦45.17 trillion, indicating stronger capital inflows.
- Net domestic assets, however, decreased by 11.7%, dropping to ₦69.05 trillion, reflecting tighter domestic liquidity.
- Despite these increases, headline inflation grew to 24.23% in March from 23.18% in February.
This highlights the complex interplay between Nigeria’s financial policies, inflation trends, and liquidity management. Let me know if you’d like further insights!