Nigeria's Money Supply Hits N122.95 Trillion in November 2025, CBN Maintains Tight Monetary Stance

Nigeria's broad money supply (M3) reached N122.95 trillion in November 2025, showing a significant increase from N108.97 trillion in November 2024. The data released by the Central Bank of Nigeria (CBN) reveals a growing domestic credit and improved foreign asset position.

The rise in net domestic assets (NDA) and net foreign assets (NFA) contributed to the expansion, reflecting higher claims on the government and private sector. This growth in money supply comes amidst recent monetary policy adjustments by the CBN to address inflationary pressures and improve foreign exchange conditions.