Currency in circulation hits N5.4trn lCredit to govt rises 29%
By Elizabeth Adegbesan
Nigeria’s Money Supply (M²) grew by 1.2 percent month-on-month (MoM) to N124.4 trillion in December 2025, from N122.9 trillion the previous month. 
This is contained in Central Bank of Nigeria, CBN,  Money and Credit Statistics released over the weekend.
The data indicated that the money supply components also recorded increases during the period except Quasi-money. 
Narrow money (M¹) grew by 4.05 percent to N42.14 trillion in December from N40.5  trillion in November.
Likewise, demand deposits rose by 3.08 percent MoM to N36.7 trillion in December from N35.6 trillion in November. 
Similarly, Currency Outside Banks, COB, rose by 10.2 percent MoM to N5.4 trillion in December from N4.9 trillion in  November.  
However, Quasi Money fell by 0.18 percent MoM to N82.25 trillion in December from N82.4 trillion in November. The rise in money supply reflected in banks’ credit to the government a
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