COB Maintains Downward Slide to N5.19tn, CIC Eases to N5.71tn
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Nume Ekeghe
Currency outside banks (COB) and currency in circulation (CIC) declined for the second consecutive month in February 2026, reinforcing early signs of a gradual return of liquidity into the formal financial system.
Latest data from the Central Bank of Nigeria (CBN) showed that COB moderated to N5.19 trillion in February 2026, down from N5.21 trillion in January and significantly below the N5.40 trillion recorded in December 2025, when cash levels peaked.
Similarly, CIC declin
Currency outside banks (COB) and currency in circulation (CIC) declined for the second consecutive month in February 2026, reinforcing early signs of a gradual return of liquidity into the formal financial system.
Latest data from the Central Bank of Nigeria (CBN) showed that COB moderated to N5.19 trillion in February 2026, down from N5.21 trillion in January and significantly below the N5.40 trillion recorded in December 2025, when cash levels peaked.
Similarly, CIC declin
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