Cash Hoarding Rises As Currency Outside Banks Hits ₦4.65 Trillion
By FIDELUS ZWANSON NIGERIA’S demand for physical cash surged again in October, with Currency Outside Banks (COB) climbing to ₦4.65 trillion — its highest level in months — despite the Central Bank of Nigeria’s renewed monetary tightening. The latest Money and Credit Statistics show a 4.07% increase from September’s ₦4.47 trillion, adding ₦181.71 billion to […]
