<< Back             Poser >> Nigeria’s money supply grows to N124.4trn 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 and private sector which increased by 29.5 percent and 1.6 percent respectively during the period.   Vanguard’s analysis of the data showed  that credit to the government  grew by 29.5 percent MoM to N34.2  trillion in December  from N26.35 trillion in November. Likewise, credit to the private sector rose by 1.6 percent MoM to N75.8 trillion in December from N74.6 trillion in November. This resulted in a 13.9 percent MoM increase in net domestic credit of N115.06 trillion in December from N100.98 trillion in November. The increase in money supply is also reflected in currency in circulation which grew by 9.6 percent MoM to N5.7 trillion in December 2025 from N5.2 trillion in November 2025 suggesting more cash in circulation despite adoption of electronic payment systems,  expansionary monetary policy, and increased Gross Domestic Product. Vanguard Business News	VAT reforms to lower prices, boost compliance – Ghana Revenue Authority  The Ghana Revenue Authority (GRA) has said that comprehensive reforms to the Value Added Tax (VAT) regime are expected to lower prices, improve compliance, and support government’s GH¢225 billion revenue target for 2026. FINANCIAL INCLUSION: Nigeria still behind target – CBN By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has said 74 percent of Nigerians have been covered under its financial inclusion program as at first half of 2025 (H1’25). Disclosing this in its latest Financial Stability Report, the apex bank stated: ‘‘At end-June 2025, the percentage of financially included Nigerians stood at 74 per cent.” The […] Bank customers’ complaints grow by 143%, as CBN resolves 9,771 By Elizabeth Adegbesan   The Central Bank of Nigeria,  CBN,   said it resolved 9,771 out of 10,704 bank customers’ complaints in the first half of the year (H1’25). CBN disclosed this in its latest  Financial Stability Report, noting that the number of complaints received in H1’25 grew by 143.3 percent year-on-year (YoY) from 4,398 complaints in H1’24.   […] AMCON cash recoveries rise 28% to N66.1bn — CBN By Babajide Komolafe The Asset Management Corporation of Nigeria, AMCON, recorded a 27.87 per cent increase in cash recoveries to N66.12 billion in the first half of 2025, H1’25 from N51.71 billion at end-December 2024. The Central Bank of Nigeria, CBN disclosed this in its Financial Stability Report for H1’25 noting that the stronger recovery performance […] Nigeria records 14% rise in exports to Africa …As fuel tops export list By Emma Ujah, with agency reports Nigeria’s exports to Africa reached N4.82 trillion in the first half of 2025, up 14% year-on-year compared to N4.21 trillion in the first half of 2024. West Africa absorbed over 62% of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, […] Nigeria’s money supply grows to N124.4trn 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 […]