Cash Outside Bank Exceeds 4 Trillion Naira
Nigeria’s currency crisis deepened in November 2024, with the value of cash outside the banking system soaring to a record N4.65 trillion. This represents 95.4% of the total currency in circulation, highlighting the persistent cash scarcity faced by Nigerians. Despite Central Bank of Nigeria (CBN) efforts to alleviate the issue, data reveals a substantial 8.5%…
