“Nigeria’s broad money supply rose to N114.2 trillion in March 2025.”
NAIRAMETRICS
Nigeria’s broad money supply (M3) rose to N114.2 trillion in March 2025, according to latest figures from the Central Bank of Nigeria (CBN), reflecting sustained liquidity growth amid rising inflationary pressures. The increase marks a 21.8% year-on-year jump from N93.76 trillion recorded in March 2024.
The surge is attributed to increased government borrowing, higher net domestic assets, and expansion in quasi-money components. Analysts warn that excess liquidity could further complicate efforts to tame inflation, currently hovering around 33.2%.
CBN continues to maintain tight monetary policy, though experts say “fiscal discipline is key to stabilizing prices.”