Nigeria: 4.92 trillion naira held outside banks in September
By the AFREEQUE newsroom, based on ThisDay
Cash held outside Nigeria’s banking system reached 4.92 trillion naira in September 2026, or 89.23% of the 5.52 trillion naira in circulation. The amount rose 10.26% year on year but has fallen since January, according to the Central Bank of Nigeria’s monetary and credit statistics.
Cash held outside banks in Nigeria reached 4.92 trillion naira in September 2026, or 89.23% of the 5.52 trillion naira in circulation, according to the Central Bank of Nigeria’s (CBN) monetary and credit statistics, reported by ThisDay. The amount rose 10.26% year on year, from 4.47 trillion naira in September 2025, and 1% since August.
Currency in circulation increased 11.40% year on year to 5.52 trillion naira, but remained below its January level of 5.73 trillion naira. Broad money supply M3, meanwhile, rose 24.47% year on year to 146.60 trillion naira, bringing cash’s share of the aggregate down from 4.21% to 3.76%, according to CBN data.
