Nigeria’s Broad Money Supply Hits ₦108.96tn, Driven by FG Borrowing
By Ayomide Otitoju Nigeria’s Broad Money Supply (M2) surged by 51% year-on-year (YoY) to N108.96 trillion in November 2024, driven primarily by increased domestic borrowing by the Federal Government from the private sector. This is according to the latest Money and Credit Statistics released by the Central Bank of Nigeria (CBN) on Monday. The figure…