Nigerian Currency Outside Banks Dominates at 93.34%: CBN Data Reveals Surge
The Central Bank of Nigeria's data reveals that currency outside banks in Nigeria constituted 93.34% of the total currency in circulation in November 2025, amounting to N4.91 trillion. This marks a notable increase compared to the total currency circulation of N5.26 trillion.
The trend shows a rise in cash held outside the banking system towards the end of the year, reflecting seasonal patterns of increased spending and heightened economic activities. Despite fluctuations, the currency circulation has been relatively stable, indicating a renewed liquidity in the economy.
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