Currency Circulation Outside Nigerian Banks Hits Record N3.71 Trillion in May 2024
The amount of currency circulating outside the Nigerian banking system surged to a new peak of N3.71 trillion in May ...
Tag: cash hoarding
CBN Data Reveals Sharp Drop by N226 Billion in POS Transactions Amid Rising Cash Hoarding
In a stark reversal of trends, Point-of-Sale (POS) transactions in Nigeria plummeted by N225.73 billion in the first quarter of ...
Resurgence of Cash Hoarding in Nigeria Raises Concerns.
Following the relaxation of currency redesign and cashless measures by the Central Bank of Nigeria (CBN), indications suggest that Nigerians ...
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