Nigeria, March 5 -- Fresh monetary data released by the Financial Markets Dealers Association indicate that the move coincided with a broad slowdown in money supply and lending across the banking sector at the start of the year.



The statistics reveal that Nigeria's overall money supply fell to N123.36 trillion in January from N124.41 trillion noted in December 2025. At the same time, the narrow money supply also declined somewhat to N123.35 trillion.



Private sector credit dropped to N75.24 trillion in January from N75.83 trillion in the previous month, following the same pattern; credit to the government eased slightly to N34.19 trillion.

Reflecting the effects of the central bank's liquidity withdrawal from the financial system...