Latest data from Central Bank of Nigeria (CBN) has shown that cash outside banks rose by N48.73 billion to N4.92 trillion in September 2026, extending the increase for a second consecutive month.
The CBN data showed that currency outside banks increased from N4.87 trillion in August.
The latest increase followed a rise in August, when cash outside banks climbed from N4.8 trillion in July to N4.87 trillion.
Further analysis showed that cash outside banks increased by N458.22 billion, from N4.47 trillion in September 2025 to N4.92 trillion in September 2026.
The figure fell from N5.19 trillion in May 2026 to N4.92 trillion in June 2026 and N4.80 trillion in July 2026 before rising to N4.87 trillion in August 2026 and N4.92 trillion in September the same year.
The CBN data also showed that total currency in circulation increased to N5.52 trillion in September from N5.44 trillion in August.
Currency outside banks accounted for 89.23 percent of total currency in circulation in September, compared with 89.67 percent in August.
Demand deposits increased by N888.35 billion to N39.12 trillion — up from N38.24 trillion during the same period.
Credit to the government rose by N6.36 trillion to N39.4 trillion, while credit to the private sector declined by N537.61 billion to N83.93 trillion.