Nigeria's Money Supply Reaches N133.25tn in June 2026

In June 2026, Nigeria's broad money supply rose to N133.25 trillion, up from N129.21 trillion in May, despite the Central Bank of Nigeria (CBN) maintaining a benchmark Monetary Policy Rate of 26.5%. This increase of N4.04 trillion month-on-month suggests that liquidity in the economy continued to expand, providing businesses and households with more money for spending and investment.

The data, released by the CBN, indicates that the growth was primarily driven by higher domestic assets and an increase in quasi-money, which rose to N88.54 trillion from N84.58 trillion. Additionally, demand deposits increased to N39.78 trillion from N39.43 trillion.

Broad money encompasses physical cash and highly liquid assets, as well as less liquid assets like savings accounts and time deposits, which can be quickly converted into cash.