Culled—Proshare

November 28, 2016/Research

Broad Money Supply has increased by  N2,382,730.06  mln to move from N20,470,436.00 mln at the end of March 2016 to N22,182,187.60 mln at the of July 2016.

It recorded a whopping N1,460,279.34 mln increase at the end of July 2016 which represents the highest increase recorded within the three periods of review.

In the same manner, the MPR was increased from 12% to 14% within the reported period above.