Currency in circulation in Nigeria has declined to ₦5.52 trillion in June 2026 from ₦5.69 trillion recorded in May.

The Central Bank of Nigeria, in its latest report, stated that currency outside the banking system fell from ₦5.19 trillion in May to ₦4.92 trillion in June. Overall, currency in circulation declined by ₦166.68 billion month-on-month to ₦5.523 trillion.

However, cash circulating in the economy remained higher than the ₦5.008 trillion recorded in June 2025, representing a year-on-year increase of ₦515.78 billion, or 10.3 per cent. The data also indicated that bank reserves rose by ₦233.23 billion, or 0.69 per cent, to ₦33.996 trillion in June from ₦33.763 trillion in May, reflecting an increase in funds held within the banking system.