Nigeria’s money supply grew by 4.2% in April 2025, reaching N119.1 trillion from N114.2 trillion in March. This rise came after the Central Bank of Nigeria’s Monetary Policy Committee kept the Monetary Policy Rate steady at 27.5%, stressing caution amid global economic uncertainties. Data from the CBN’s Money and Credit Statistics showed that quasi-money, which includes savings, time deposits, and other near-money assets, increased by 3.17% to N78.1 trillion. Demand deposits rose sharply by 7.4%, hitting N36.4 trillion, while narrow money (M1) expanded 6.2% to N41 trillion. Currency outside banks edged up slightly by 0.4% to N4.57 trillion. Credit to the government declined by 8.8% to N23.6 trillion, marking a second straight month of decrease. In contrast, credit to the private sector increased by 2.1% to N77.9 trillion. Overall, net domestic credit fell 0.61% to N101.5 trillion in April.
