{
  "id": 9223155,
  "title": "Money Supply Up 12.4% YtD to N139.38tn Despite CBN Tightening Stance",
  "url": "https://urgent.news/2026/09/22/money-supply-up-12-4-ytd-to-n139-38tn-despite-cbn-tightening-stance",
  "topic": "world",
  "section": "World",
  "published": "2026-09-22T23:39:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/23/money-supply-up-12-4-ytd-to-n139-38tn-despite-cbn-tightening-stance/"
  },
  "original_language": "en",
  "account": "In August 2026, Nigeria's broad money supply (M3) surged 12.4 percent year-to-date, reaching an all-time high of N139.38 trillion, despite the Central Bank of Nigeria (CBN) tightening monetary policy. M3 encompasses cash, large-scale deposits, and financial assets that impact lending, investment, and inflation. The CBN's monetary tightening aimed to curb inflation and stabilize the Naira in foreign exchange markets. Despite this, M3 saw a year-on-year increase of 16.5 percent, growing from N119.69 trillion in August 2025. The surge in money supply was primarily driven by higher net foreign assets, which climbed to N37.39 trillion, a 10.1 percent YoY decrease from N41.59 trillion in August 2025. Meanwhile, net domestic assets surged to N101.99 trillion, up 31 percent YoY from N78.11 trillion in August 2025. This balancing act highlights the CBN's efforts to maintain liquidity, stabilize the FX market, and curb inflation.",
  "summary": "Kayode Tokede Nigeria’s broad money supply (M3) jumped 12.4 per cent Year till Date (YtD) to an all-time high of N139.38 trillion in August 2026, defying the Central Bank of",
  "key_points": [
    "Nigeria's broad money supply (M3) increased 12.4% YoY to N139.38tn in August 2026.",
    "CBN tightened monetary policy to curb inflation and stabilize Naira."
  ],
  "editors_take": "The Central Bank of Nigeria's tightening stance has not curbed money supply growth, indicating a challenge in balancing inflation control with maintaining liquidity and stabilizing the foreign exchange market.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}