Redesigned Naira: Money Supply Hit N50.5 trillion In Nigeria, Affecting Nigerians


Redesigned Naira: Money Supply Hit N50.5 trillion In Nigeria, Affecting Nigerians



Money Supply in Nigeria has crossed N50.5 trillion, the Central Bank of Nigeria (CBN) has revealed, as the financial regulator plans to release redesigned naira notes. The money supply had closed last year with N44.4 trillion but following a significant supply of about N6.1 trillion this year, as of October, the total figure climbed N50.5 trillion, making it the highest ever reported by the apex bank. According to the central bank data, the N6.1 trillion released so far this year into the economy is set to surpass the N6.6 trillion reported for the calendar year of 2021. What you need