Nigeria’s broad money supply growth decelerated to 13.65 percent year-on-year in June 2026, according to data from the Central Bank of Nigeria (CBN). This marks a slowdown from the previous month’s rate, reflecting tighter monetary policies implemented by the bank to curb inflation and stabilize the economy. The CBN has been actively managing liquidity in the financial system to ensure price stability and support economic growth.
The decline in money supply growth suggests that the central bank’s measures are having an impact on the availability of credit and liquidity in the market. Analysts note that the slowdown could affect consumer spending and business investment, which are key drivers of economic activity. However, the CBN remains focused on maintaining control over inflation, which has remained above the target range in recent months.
The data comes amid ongoing efforts by Nigerian authorities to address macroeconomic challenges, including high inflation and currency depreciation. The CBN’s continued intervention in the financial sector is seen as a critical tool in navigating these economic pressures. (businessday.ng)
