Home Business Money Producers Suffer Lower Patronage in January as PMI Grows Slower
Money

Producers Suffer Lower Patronage in January as PMI Grows Slower

Share
CBN's Logo
Share

 

The Central Bank of Nigeria’s (CBN) depository corporations survey, released during the week, showed 12.17% y-o-y increase in Broad Money to N27.08 trillion in December 2018.

This resulted from a 14.26% y-o-y rise in Net Domestic Assets (NDA) to N15.02 trillion which was accompanied by 18.54% y-o-y increase in Net Foreign Assets (NFA) to N18.39 trillion.

On domestic asset creation, the increase in NDA resulted from a y-o-y rise of 6.42% in Net Domestic Credit (NDC) to N27.59 trillion, supported by a 1.64% y-o-y fall in Other Liabilities (net) to N12.57 trillion.

7

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Access Bank Shines, Wins Big At 2024 Digital Jurist Awards

BY NKECHI NAECHE- ESEZOBOR—Access Bank PLC has been named the 2024 Best...

IMF Expands Executive Board To 25

International Monetary Fund (IMF), i. Friday said member countries have successfully elected...

Kaduna Eyes N150bn Monthly Revenue With Automation Of Tax Collection System

 Mr Mukhtar Ahmed, the Kaduna Commissioner for Planning and Budget Commission (PBC),...

Stanbic IBTC Bank Charts New Frontiers In Nigeria’s Agricultural Terrain

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, reaffirmed its commitment...