Nigeria’s broad money supply rose to N133.25 trillion in June 2026 from N129.21 trillion in May.
This was disclosed in the CBN’s latest money and credit statistics released on Wednesday.
Broad money, or M3, comprises currency in circulation outside banks, demand deposits, savings and time deposits, as well as foreign currency deposits.
According to the data, money supply rose by N4.04 trillion month-on-month and increased from N117.25 trillion recorded in June 2025, as net domestic assets and quasi-money expanded during the period.
It further showed that M2, which comprises narrow money (M1), quasi-money, demand deposits and currency outside banks, rose to N133.24 trillion in June from N129.20 trillion in May.
The data further shows that quasi-money rose to N88.54 trillion from N84.58 trillion.
Demand deposits increased to N39.78 trillion from N39.43 trillion, the apex bank noted, while currency outside banks fell to N4.92 trillion from N5.19 trillion.
The figures indicate that the expansion in money supply was driven largely by growth in quasi-money and domestic assets during the month.
The CBN data showed that net domestic assets increased during the period, while net foreign assets declined slightly.
Net domestic assets increased by 4.37%, rising from N102.26 trillion in May to N106.73 trillion in June.
Net foreign assets declined by 1.56%, falling from N26.95 trillion in May to N26.53 trillion in June.
Broad money supply (M3) expanded by 3.11% month-on-month, increasing by N4.04 trillion compared with the previous month.
On a year-on-year basis, M3 grew by 13.59%, rising by approximately N16.00 trillion compared with June 2025.
The latest money supply figures come against the backdrop of the CBN’s decision to retain the Monetary Policy Rate at 26.50%.
