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How FG’s borrowings increase money supply by 51% to N108.96trn — CBN

Nigeria’s Broad Money Supply (M2) experienced a substantial 51% year-on-year (YoY) increase, reaching N108.96 trillion in November 2024, driven primarily by domestic borrowing by the Federal Government from the private sector. This surge highlights the growing financial complexities stemming from government borrowing practices. Data from the Central Bank of Nigeria’s (CBN) Money and Credit Statistics, […]

How FG’s borrowings increase money supply by 51% to N108.96trn — CBN
Tribune Online