Nigeria’s money supply surges 75.9% in 2yrs

… as banks’ credit to govt increasesBy Peter EgwuatuMoney supply to Nigeria’s economy has significantly surged to a record N117.8 trillion in two years, amid growing banks’ credit to the government.Vanguard findings from the data released by the Central Bank of Nigeria, CBN, shows that money supply, M3 grew by 75.9% to N117.783 trillion in September 2025 from N66.944 trillion in the same period 2023, reflecting excess liquidity in the economy.Also banks’