Credit to Private Sector Rises in Nov. 2020; MPC Decides on Policy Rate in the New Week...
In the just concluded week, data released from the Central Bank of Nigeria (CBN) depository corporations survey showed a5.21% year to date(YTD) significant risein Broad Money Supply (M3 money) to N36.59trillion in Novemeber 2020. This resulted from a 34.78% increase in Net Foreign Assets (NFA)to N7.82trillionand a0.72% increase in Net Domestic Asset (NDA)to N28.76trillion. We witnessed a 10.90% y-t-d rise in Net Domestic Credit (NDC) to N40.12 trillion in November 2020despite the marginal decline in Net Domestic Asset.Further breakdown of the NDC showed a 13.73% y-t-d ...
Source: naija247news.com