Nigeria's currency in circulation drops to N5.52 trillion as CBN tightens liquidity

The decline in physical cash aligns with the central bank's aggressive N5.8 trillion Treasury bill auction, signaling a sustained push to mop up excess liquidity and stabilize the naira.

By Handelsavisen Newsroom · Automated 2026-07-24 14:44 UTC · 1 min read

Currency in circulation in Nigeria fell to N5.52 trillion in June 2026, according to data from the Central Bank of Nigeria (CBN).

The reduction in physical cash reflects the central bank's ongoing efforts to manage monetary conditions and reduce the money supply amid persistent inflationary pressures.

8 trillion ($3.7 billion) Treasury bill auction for the third quarter of 2026.

The drop in currency in circulation coincides with the CBN's decision to schedule a N5.8 trillion ($3.7 billion) Treasury bill auction for the third quarter of 2026.

This operation represents the most significant liquidity mop-up effort in the country this year, underscoring the regulator's commitment to tightening financial conditions.

By absorbing excess liquidity from the banking system, the CBN aims to curb inflation and support the stability of the naira.

The move comes as Nigeria continues to navigate economic challenges, including high inflation and currency volatility.