Lagos — The total value of the currency in circulation in the Nigerian economy increased significantly to N1.818 trillion at the end of March, compared to the N1.622 trillion it was at the end of February, data obtained from the Central Bank of Nigeria (CBN) has revealed.
The latest Central Bank money and credit statistics obtained on Wednesday also showed that broad money (M2), which generally is made up of demand deposits at commercial banks and moneys held in easily accessible accounts increased to N19.142 trillion as at March, from N18.871 trillion at the end of February.
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