January 10, 2020/Cowry Asset

Recently released Central Bank of Nigeria (CBN) depository corporations survey showed a 3.45% month-on-month (m-o-m) rise in Broad Money Supply (M3 money) to N36.48 trillion in November 2019. This resulted from a 8.56% increase in Net Domestic Assets (NDA)  to N22.28 trillion which was partly offset by a 3.66% decrease in Net Foreign Assets (NFA) to N14.19 trillion.

Click here to read full PDF copy of report