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Nigeria’s Money Supply Surges to N124.4 Trillion by December 2025
Recent data released by the Central Bank of Nigeria (CBN) reveals that the nation’s broad money supply, commonly referred to as M3, climbed to N124.4 trillion as of December 2025. This figure represents an increase from the N122.95 trillion recorded in November 2025, signaling a steady rise in liquidity circulating within Nigeria’s financial ecosystem.
Significant Expansion in Nigeria’s Monetary Aggregate
Over the course of one year, Nigeria’s M3 expanded from N113.36 trillion in December 2024 to N124.4 trillion by the end of 2025. This notable growth reflects heightened economic activities and an improved flow of funds across various sectors. The upward trajectory in money supply suggests that the Nigerian economy is benefiting from increased liquidity, which can potentially fuel both consumer spending and business investments.
Economic Consequences of Rising Money Supply
The persistent growth in M3 serves as a vital barometer of the country’s monetary environment, often associated with inflation trends and overall economic development. For example, in 2023, Nigeria experienced an over 8% increase in broad money supply, which coincided with a surge in consumer demand and easier access to credit facilities. Experts predict that if this momentum persists, the CBN may need to recalibrate its monetary policies, potentially adjusting interest rates to maintain a balance between fostering growth and controlling inflationary pressures.
Regional Comparison and Strategic Outlook
In comparison with other African emerging economies, Nigeria’s money supply growth remains comparatively vigorous. For instance, Kenya’s M3 expanded by roughly 6% during the same timeframe, highlighting Nigeria’s stronger liquidity expansion. Looking ahead, continuous monitoring of these monetary aggregates will be crucial for investors and policymakers to assess economic vitality and ensure financial system stability amid evolving market conditions.
