Currency Outside Banks Surges
Nigeria’s ongoing cash crunch has taken a worrying turn, with a significant portion of the nation’s currency now held outside formal banking channels. According to the latest Money and Credit…
Nigeria’s ongoing cash crunch has taken a worrying turn, with a significant portion of the nation’s currency now held outside formal banking channels. According to the latest Money and Credit…
The Central Bank of Nigeria (CBN) has announced a sharp decline in the amount of currency held outside the banking system in July 2024, raising questions about the effectiveness of…