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ThisDay Live·September 8, 2026 at 11:58 PM

Cash circulating outside Nigeria's banking system declined for the second consecutive month in July 2026, falling to N4.8 trillion—its lowest level in eight months—according to ThisDay Live. The figure now represents 89.2 percent of total currency in circulation (CIC). The report, citing data attributed to financial sources, also noted that credit to the private sector continued to grow during the period, suggesting ongoing shifts in the country's monetary dynamics.

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Nigeriabankingcurrency in circulationCentral Bank of Nigeriaprivate sector credit

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