…As forex in circulation hits N5.4 trn… Credit score to the federal government rises 29%.
By Elizabeth Adegbesan
Nigeria’s Cash Provide (M²) grew by 1.2 % month-on-month (MoM) to N124.4 trillion in December 2025, from N122.9 trillion in November 2025, reflecting a slight enhance in financial actions throughout this era.
The Central Financial institution of Nigeria (CBN) disclosed this at the moment in its Cash and Credit score Statistics Knowledge for December 2025, which indicated that the cash provide parts additionally recorded will increase throughout the interval aside from quasi-money.
Slim cash (M¹) grew by 4.05 % MoM to N42.14 trillion in December from N40.5 trillion in November.
Likewise, demand deposits rose by 3.08 % MoM to N36.7 trillion in December from N35.6 trillion in November.
Equally, forex outdoors banks, COB, rose by 10.2 % MoM to N5.4 trillion in December from N4.9 trillion in November.
Nonetheless, quasi cash fell by 0.18 % MoM to N82.25 trillion in December from N82.4 trillion in November.
The rise in cash provide was mirrored in banks’ credit score to the federal government and personal sector, which elevated by 29.5 % and 1.6 %, respectively, throughout the interval.
Vanguard’s evaluation of the information confirmed that credit score to the federal government grew by 29.5 % MoM to N34.2 trillion in December from N26.35 trillion in November.
Likewise, credit score to the personal sector rose by 1.6 % MoM to N75.8 trillion in December from N74.6 trillion in November.
This resulted in a 13.9 % MoM enhance in internet home credit score of N115.06 trillion in December from N100.98 trillion in November.
The rise in cash provide can be mirrored in forex in circulation, which grew by 9.6 % MoM to N5.7 trillion in December 2025 from N5.2 trillion in November 2025, suggesting extra cash in circulation regardless of the adoption of digital fee programs, expansionary financial coverage, and elevated Gross Home Product.
The submit Nigeria’s money supply grows to N124.4 trn appeared first on Vanguard News.
