Tag: Currency Outside Banks

Current Impact Of The New Naira Note Design On Nigeria’s Economy

IMF projects N4.26tn as currency outside banks

by Ikenna Ngere

February 25, 2023

Amid the naira redesign policy of the Central Bank of Nigeria, the International Monetary Fund has projected that currency outside banking system would hit N4.26tn in 2023. In its report ...

Interest Rate on T-Bills Hit 32-month High as CBN Mops N5.33trn in Primary Market

Currency Outside Banks Increased by N108.67bn to N2.84trn in October

by Ikenna Ngere

November 23, 2022

As the Central Bank of Nigeria (CBN) steps up effort to redesign N200, N500, and N1,000 notes currently in circulation, currency outside the banks added N108.67billion to N2.84 trillion in ...