Nigeria's Money Supply Hits N119 Trillion in October 2025, Driven by Domestic Asset Growth

Nigeria's money supply rose to N119.04 trillion in October 2025 from N117.78 trillion in September, with a notable increase in net domestic assets to N84.23 trillion. The rise was attributed to a 10.22% increase in money supply compared to October 2024.

However, net foreign assets fell to N34.80 trillion, indicating external pressures. The CBN's decision to cut the monetary policy rate by 50 basis points in September contributed to the growth.

The data also showed a slight increase in narrow money (M1) to N39.35 trillion. The CBN aims to balance liquidity control and reduce inflation.