Nigerians, banks in possession of N2.39trn banknotes

CIC

The general public and deposit money banks (DMBs) in Nigeria have in their custodies a total sum of N2.39 trillion that constituted currency-in-circulation (CIC) in the country as at July ending. As additional N95.13 billion found its way into to the market, total currency in circulation (CIC) increased to N2.39 trillion in last month, rising from N2.29 trillion in June, 2020. According to the latest statistics obtained from the Central Bank of Nigerian (CBN), CIC, which stood at N2.3 trillion in April, rose slightly to N2.35 trillion at the end…

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