• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, September 23, 2023
NewsOnline Nigeria
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station
No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station

Naira In Circulation Drops By N37.84 Billion In February 2022

by Justice Winner
March 28, 2022
in Economy And Business, Headline
Naira

naira

Naira in circulation dropped by N37.84 Billion in February 2022.

 

 

Newsonline reports that currency in circulation in Nigeria fell to N37.94 billion as of the end of February 2022 compared to N3.288 trillion recorded as of January 2022.

 

This represents a 1.2% decline on a month-on-month basis, while when compared to the corresponding period of 2021, it increased by 16.95 compared to N2.78 trillion as of February 2021.

 

READ ALSO

Tinubu Government Cautions Fuel Station Operators Against Pump Alteration

BREAKING: Egypt Defeats Nigeria In Africa Women’s Youth Handball Championship Semis

BREAKING: NLC Speaks On Commencing Nationwide Indefinite Strike

It’s False, NNPCL Not Involved In Secret Recruitment

This is according to data from the money and credit report of the Central Bank of Nigeria (CBN).

 

Nigeria’s currency circulating in the economy has recorded significant growth since the Central Bank maintained its dovish monetary approach as a means to ensure the recovery of the nation’s economy, following the recession recorded in 2020, caused by the covid-19 pandemic.

Newsonline Nigeria had reported that the several intervention policies pushed currency in circulation to its highest level in history in December 2021. However, it has recorded a decline in two consecutive months, dropping by N37.13 billion in January and N37.84 billion in February 2022.

 

Private sector credit increased by N1.46 trillion

 

Credit by banks to the private sector increased by N1.46 trillion in February to N36.91 trillion from N35.45 trillion recorded as of the previous month. This represents an increase 4.1% month-on-month.

Previous Post

Latest NPower News For Today Monday, 28 March 2022

Next Post

BREAKING: Naira Falls Massively At Aboki Black Market, See New Exchange Rate

Justice Winner

Justice Winner

Justice Winner is a Veteran Nigerian Journalist With Expertise in Writing Nigeria News, Entertainment and Politics. He has a degree in Journalism/Mass Communication Studies. Justice is a dedicated and talented writer committed to producing high-quality content that is authoritative, informative, entertaining, and engaging. Connect with Him on Instagram , Facebook, Twitter, and LinkedIn.

Related Posts

Fuel Station Operators
Crime Watch

Tinubu Government Cautions Fuel Station Operators Against Pump Alteration

Africa Women’s Youth Handball Championship Semis
Headline

BREAKING: Egypt Defeats Nigeria In Africa Women’s Youth Handball Championship Semis

NLC
Headline

BREAKING: NLC Speaks On Commencing Nationwide Indefinite Strike

Next Post
Naira

BREAKING: Naira Falls Massively At Aboki Black Market, See New Exchange Rate

Trending Posts

Fuel Subsidy

BREAKING: FG Begins Payment of Fuel Subsidy, May Pay N1.68tn By December

Mohbad Autopsy

BREAKING: Police Conclude Mohbad Autopsy Process

All Progressives Congress Women Leader Is Dead

BREAKING: All Progressives Congress Women Leader Is Dead (PHOTO)

Tinubu Chicago School Records

BREAKING: US Court Stops Release Of Tinubu Chicago School Records To Atiku

2023 Independence Day Celebration

FG Makes Important Announcement On 2023 Independence Day Celebration

NLC

BREAKING: NLC Speaks On Commencing Nationwide Indefinite Strike

Tinubu

BREAKING: Tinubu Stops Chicago University From Releasing Academic Records To Atiku

Naira

Black Market Dollar To Naira Today, 22 September 2023 In Lagos & Abuja

EFCC

EFCC Declares Delta Brothers Wanted Over N330m Fraud

Mohbad Autopsy

BREAKING: Police Arrest Nurse Who Injected Mohbad Before His Death (VIDEO)

ADVERTISEMENT

ABOUT US

NewsOnline Nigeria is Nigeria’s fastest growing trusted independent online newspaper covering Africa’s socio-economic issues, trades and investments; it provides informed perspectives on economic and political events in Nigeria and Africa at large.

Relevant Pages

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

Reach Us

6th Avenue, Festac Town, Lagos

+234 816 184 6326

[email protected]

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: [email protected]

Copyright © 2023 Newsonline Nigeria

No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station

Copyright © 2023 Newsonline Nigeria