Cash outside banks rises by N48.7 billion to N4.92 trillion in September — CBN
Cash held outside Nigeria’s banking system rose by N48.7 billion to N4.92 trillion in September 2026. The post Cash outside banks rises by N48.7 billion to N4.92 trillion in September — CBN appeared first on Nairametrics .
The Central Bank of Nigeria (CBN) reported that cash held outside the banking system increased by N48.7 billion to N4.92 trillion in September 2026, marking a 1% month-on-month rise. This figure, which is 10.3% higher than in September 2025, reflects the CBN's strategy to expand digital payments, deepen financial inclusion, and reduce reliance on physical cash.
Despite the recent increase, the September figure remains below the levels seen in the first half of 2026, with cash outside banks exceeding N5 trillion in several months. The CBN aims to encourage digital payments and achieve financial inclusion for 95% of the adult population by 2028, with the ultimate goal of keeping cash outside banks below 40% of total currency in circulation.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
