Money

Producers Suffer Lower Patronage in January as PMI Grows Slower

 

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.

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