Currency in circulation rises 81% to N5.4trn

Vanguard News | 21-10-2026 03:50am |

By Peter Egwuatu Currency in circulation in Nigeria rose by 81 per cent to N5.44 trillion in August 2026, from N3.01 trillion in August 2023, underscoring the continued strong demand for physical cash despite the rapid expansion of electronic payments over the past three years. Data from the Central Bank of Nigeria’s, CBN, Money and Credit Statistics show that the ...

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