Nigeria's Money Supply Drops Amid Central Bank Rate Cut
Nigeria's broad money supply (M3) dropped to N117.78 trillion in September 2025, a 1.6% decline from August. The decrease was influenced by the Central Bank of Nigeria's decision to cut the Monetary Policy Rate (MPR) for the first time in five years.
Despite the rate cut, domestic credit conditions tightened, with net domestic assets falling by 2.5%. Governor Olayemi Cardoso emphasized a balanced approach to growth and inflation risks.
The net foreign assets slightly increased, providing some cushion against the contraction in domestic assets.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
Read full article
Continue on NairaMetrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria's Money Supply Hits N119.04 Trillion After Rate Cut, Signals Financial System Expansion
Nigeria's Money Supply Surges to N117.8 Trillion in Two Years, Analysts Warn of Economic Implications
Nigeria's Money Supply Rises to N119.52 Trillion in August 2025 - CBN Data
Nigerian Private Sector Credit Surges by N1.89 Trillion After Rate Cut
CBN Cuts Interest Rate to 27% Amid Inflation Decline - Economic Stimulus Move
Nigeria's Inflation Rate Drops to 16.1%, Fueling Rate Cut Expectations
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
