Nigeria’s broad cash provide surged to N119.52 trillion in August 2025, marking a pointy enhance from N117.4 trillion recorded in June 2025.
That is in response to the most recent information launched by the Central Bank of Nigeria (CBN).
The August figures replicate a year-on-year rise from N107 trillion in August 2024, demonstrating the persistent growth of liquidity within the monetary system regardless of issues over inflationary pressures and trade charge volatility.
Notably, the apex bank didn’t launch cash provide information for July 2025.
Internet international belongings rise to N40.9 trillion
The info additional reveals that Nigeria’s web international belongings (NFA) climbed to N40.9 trillion in August 2025, marking a rise from N40.7 trillion recorded in June 2025.
The figures reveal a modest enchancment within the nation’s exterior reserves place, regardless of persistent challenges within the international and home monetary markets.
As well as, the CBN report confirmed that web home belongings (NDA) additionally rose throughout the identical interval, reaching N78.58 trillion in August, up from N76.8 trillion in June 2025. The rise in home belongings displays progress in credit score to each the non-public sector and the federal government, alongside the growth of financial aggregates.
The mixed progress in NFA and NDA reveals a big growth within the nation’s general cash provide, which has been beneath shut monitoring by the CBN as a result of its implications for inflation and trade charge stability.
M2 hits N119.5 trillion in August 2025
The CBN information additional present that Nigeria’s broad cash provide (M2) rose to N119.5 trillion in August 2025, up from N117.4 trillion in June.
The rise in M2 displays a gradual growth of liquidity within the monetary system, pushed largely by progress in web home belongings and credit score to the non-public sector.
Nevertheless, the information additionally reveals a decline in slim cash (M1), which fell to N39.3 trillion in August, down from N39.9 trillion in June 2025. Slender cash, which incorporates foreign money in circulation and demand deposits, is a key indicator of transactional balances within the economic system.
The contraction suggests diminished liquidity in speedy money holdings, probably linked to tighter financial insurance policies or elevated choice for financial savings and quasi-money devices.
The broad cash provide (M2) combines slim cash (M1) and quasi-money (similar to financial savings and time deposits), providing a fuller image of the monetary system’s liquidity. The expansion in M2 regardless of the autumn in M1 signifies that Nigerians are holding extra of their funds in financial savings and longer-term deposit accounts quite than in money and present accounts.
What it’s best to know
In September, CBN diminished the MPR by 50 foundation factors, decreasing it from 27.5 % to 27 %.
Alongside the MPR reduce, the MPC narrowed the uneven hall across the benchmark charge to +250 and -250 foundation factors, from the earlier +500/-100 foundation factors.
The Committee retained CRR for business banks at 45 %, whereas that of service provider banks was set at 16 %.
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