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Nigeria’s broad money supply increased, showing that liquidity in the economy continued to grow despite the CBN’s tight monetary policyThe increase was mainly driven by higher domestic assets, savings, and time deposits, while cash held outside the banking system declinedThe growth in money supply comes after the CBN retained the MPR, although analysts warn that rising liquidity could make it harder to control inflation
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Nigeria’s broad money supply increased to N133.25 trillion in June 2026, rising from N129.21 trillion in May, even as the Central Bank of Nigeria (CBN) maintained its benchmark Monetary Policy Rate (MPR) at 26.5%.
Fresh data released by the apex bank on Wednesday, July 22, 2026, showed that the country’s money supply grew by N4.04 trillion month-on-month, indicating that liquidity in the economy continued to expand despite the CBN’s aggressive monetary tightening
