Cash Outside Banks Hit N4.92tn, Now 89% of Currency in Circulation
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Nume Ekeghe
Cash held outside Nigeria’s banking system stood at N4.92 trillion in September 2026, accounting for 89.23 per cent of the N5.52 trillion currency in circulation, the Central Bank of Nigeria (CBN) Money and Credit Statistics has revealed.
Analysis of the data showed that despite the increase in cash outside banks over the past year, its share of currency in circulation declined slightly, while cash accounted for a smaller proportion of the country’s expanding money supply.
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Cash held outside Nigeria’s banking system stood at N4.92 trillion in September 2026, accounting for 89.23 per cent of the N5.52 trillion currency in circulation, the Central Bank of Nigeria (CBN) Money and Credit Statistics has revealed.
Analysis of the data showed that despite the increase in cash outside banks over the past year, its share of currency in circulation declined slightly, while cash accounted for a smaller proportion of the country’s expanding money supply.
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