FG’s borrowings raises money supply by 51% to N108.96t – CBN
Nigeria’s Broad Money Supply (M2) increased by 51 per cent Year-on-Year, YoY, to N108.96 trillion in November 2024 from N72.03 trillion in the corresponding period of 2023. Broad Money Supply (M2) represents cash and demand deposits as well as savings deposits, money market deposits, and time deposits. The increase in M2 reflects the high government domestic borrowing from the private …