Nigerians Withdraw N4.47 Trillion from Banks as Cash Hoarding Persists

The amount of cash held by Nigerians outside the banking system climbed to N4.47 trillion in September 2025, even as the country’s overall money supply declined, according to new data released by the Central Bank of Nigeria (CBN). The figures reveal that broad money supply (M3) slipped by N1.91 trillion to N117.78 trillion in September,

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