Nigeria's Cash Demand Strengthens with COB Rising to N4.65tn and CIC to N5.06tn
In October 2025, Nigeria witnessed a surge in cash demand with COB reaching N4.65 trillion and CIC hitting N5.06 trillion, as per the Central Bank of Nigeria's report. This increase in physical cash circulation indicates a persistent reliance on cash transactions despite ongoing reforms to enhance liquidity and digital payment channels.
While private sector credit rose monthly, it recorded a slight decline year-on-year. Government credit, on the other hand, saw a significant increase in October.
These trends highlight the continued importance of cash in Nigeria's economy alongside efforts to promote digital financial inclusion.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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