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Nigeria’s money supply hits N133.25tn despite tight monetary policy

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Nigeria’s money supply hits N133.25tn despite tight monetary policy

24 Jul, 2026

Nigeria’s broad money supply climbed to N133.25tn in June 2026, up from N129.21tn in May, despite the Central Bank of Nigeria maintaining a benchmark Monetary Policy Rate at 26.5 per cent. This underscores continued growth in liquidity even amid the country’s tight monetary policy stance. By implication, businesses and households had more money to spend and invest in June than in May. The data, released by the CBN on Wednesday, shows a N4.04tn month-on-month increase, signalling that liquidity in the economy continued to expand, driven mainly by higher domestic assets and growth in quasi-money...............….......READ MORE