Currency in Circulation Hits N4.8trn Amidst Cash Crunch   The total currency in circulation in Nigeria reached N4.8 trillion in November 2024, up 7% from the previous month and representing an all-time high. Also, currency outside banks grew significantly in the same month hitting an all-time high of N4.6...

CBN Reveals Currency Outside Banks Hit Historic High of N3.4trn   A report by the Central Bank of Nigeria (CBN) has revealed that currency outside banks at at December 2023 reached a staggering N3.43 trillion, representing a whopping 94 per cent of the N3.65 trillion total...

Currency Outside Banks Surges To N3trn - CBN   Recent data released by the Central Bank of Nigeria (CBN) has revealed a notable spike in currency outside the banks during the month of November 2023, reaching unprecedented levels based on historical records. According to the Money and...

Currency Outside Banks Rose To N3.08trn In Nov 2023 – CBN   Latest figures from the Central Bank of Nigeria (CBN), on Tuesday, revealed that cash outside banks experienced a 27.80 per cent increase, reaching N3.08 trillion in November 2023 from N2.41 trillion in recorded in...

Currency in Circulation Falls by N1.39trn, as Naira Scarcity Intensifies   The currency in circulation has significantly dropped by N1.39 trillion. According to new data released by the Central Bank of Nigeria (CBN), the currency in circulation fell to N1.39 trillion in January 2023, from N3.23...

Currency in Circulation Hits New High   As latest data indicate, the currency in circulation (CIC) reached a new high of N2.99 trillion at the end of October 2023, it appears that the Central Bank of Nigeria (CBN)’s policies and leadership changes have been playing a...