NIGERIA, Nov. 26 -- New figures show that from January 2 to November 21, the apex bank issued N17.59 trillion in primary market debt instruments while settling N14.72 trillion in repayments. This resulted in a net liquidity absorption of N2.87 trillion, underscoring a sustained tightening stance.



The News Chronicle gathered that the coordination between fiscal and monetary authorities has become more deliberate in recent months, with both sides pushing to stabilise the money supply, lower inflation and reduce dependence on central bank overdrafts. The approach marks a significant departure from previous years when unchecked financing of deficits contributed to rapid price increases.



Official transaction data reveals a year that be...