Nigeria: Currency Outside Banks Rises 104 Percent in 3 Yrs - CBN
[Vanguard] Currency held outside the banking system by Nigerians rose by 103.8 per cent to N4.923 trillion in September 2026 from N2.416 trillion in September 2023, highlighting the persistent demand for physical cash despite the expansion of electronic payment channels in the country.
How sure are we
Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.
Who reported it
[Claude] Report 2 carries the same CBN currency-outside-banks figures (N4.923 trillion, up 103.8% from N2.416 trillion) as Report 1, so it is the same event and the figures match.
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What moves the score
Not in the score: AI checks and reader flags. Verified is separate: two or more independent outlets and a score of at least 65%.
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