A recent data has revealed that currency outside banks increased by 66.2 percent in September 2024. To this end, money outside traditional banking channels rose to...
The currency in circulation in Nigeria rose to N3.97 trillion by the end of May, this surge marks an all-time high for the nation and represents...
Nigeria’s currency in circulation surged to a historic high of N3.69 trillion, according to data released by the Central Bank of Nigeria (CBN). This figure represents...
A recent report released by the Central Bank of Nigeria (CBN) has indicated a notable decline in the amount of currency held outside banks, dropping to...
The currency in circulation in Nigeria has surged by N1.7 trillion, driven by a surge in cash transactions. According to data obtained from the Central Bank...
Declining Money Supply and Government Credit, But Currency in Circulation Sees an Upward Trend
After a dip in currency in circulation due to a naira redesign policy, Nigeria’s currency in circulation has surged by N701.4tn in just one month, hitting...
The Central Bank of Nigeria (CBN) has reported a significant drop in the currency in circulation in the country following its redesign policy that plunged the...
The Central Bank of Nigeria‘s (CBN) redesigned policy has resulted in a significant drop in the total amount of currency-in-circulation in the country. According to figures...
The latest data from the Central Bank of Nigeria (CBN) has revealed that total amount of currency-in-circulation has fallen by 53.33 percent since October last year...