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Oil-driven FX inflows swell Nigeria’s money supply as businesses hold back borrowing

Oil-driven FX inflows swell Nigeria’s money supply as businesses hold back borrowing

Business Day about 3 hours 1 mins read

Naira

Nigeria’s money supply expanded sharply in May 2026, supported by stronger foreign currency inflows, but businesses remained cautious about taking

read more Oil-driven FX inflows swell Nigeria’s money supply as businesses hold back borrowing

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