NewsBreakNigeria
USD/NGN 1,330.69 ▾0.2%GBP/NGN 1,779.60 ▾0.2%USD/NGN black market ₦1,389GBP/NGN black market ₦1,879EUR/NGN 1,526.44 ▾0.2%JPY/NGN 8.46 ▾0.4%CAD/NGN 948.94 ▾0.4%
USD/NGN 1,330.69 ▾0.2%GBP/NGN 1,779.60 ▾0.2%USD/NGN black market ₦1,389GBP/NGN black market ₦1,879EUR/NGN 1,526.44 ▾0.2%JPY/NGN 8.46 ▾0.4%CAD/NGN 948.94 ▾0.4%

Currency outside banks rises 119% as banks’ reserves up 79%

Peter Egwuatu Currency outside banks in Nigeria more than doubled in three years, rising by 119.3 per cent between August 2023 and August 2026, according to the Central Bank of Nigeria, CBN’s Money and Credit…

Aggregated · originally by Vanguard
22 Sept 2026, 07:01 WAT · 3 min read
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Currency outside banks rises 119% as banks’ reserves up 79%

Peter Egwuatu Currency outside banks in Nigeria more than doubled in three years, rising by 119.3 per cent between August 2023 and August 2026, according to the Central Bank of Nigeria, CBN’s Money and Credit…