Nigeria’s Broad Money Supply (M2) grows by 51% year-on-year (YoY), reaching ₦108.96 trillion in November 2024. The increase is linked to higher domestic borrowing by the Federal Government, marking a substantial rise from ₦72.03 trillion recorded in November 2023, according to data from the Central Bank of Nigeria (CBN). M2, a measure of the economy’s … Continue reading Nigeria’s Money Supply Climbs 51% In 2024 Amid Rising Government Borrowing