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CBN Reveals; Currency Outside Bank Vaults Rises to N843.311

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The Central Bank of Nigeria, CBN, has revealed that the currency outside the bank vaults as at the end of February rose to N843.311 billion.

According to data obtained from the CBN’s money and credit statistics for the month of February 2023, credit to the private sector so far in 2023 gained 16.03 per cent in its Year-on-Year growth from a reported N35.99 trillion in February 2022 to N41.75 trillion in February 2023.

This was even as the apex bank further revealed that credit to the private sector rose to N83.29 trillion in the first two months of 2023.

Written by: Helen Obih

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