Cash held outside Nigeria’s banking system has declined to its lowest level in seven months in June 2026, reflecting a gradual return of physical currency to deposit money banks amid the Central Bank of Nigeria’s efforts to deepen digital payments. The latest Money and Credit Statistics released by the CBN showed that currency outside banks fell to N4.92tn in June from N5.19tn in May. An analysis of the data by The PUNCH showed that cash held outside banks dropped by N485.80bn, or 8.98 per cent, from N5.41tn recorded in December 2025 to N4.92tn in June 2026................….......READ MORE