According to the Central Bank of Nigeria’s latest money and credit statistics, the total amount of naira in circulation decreased to N5tn as of March 2025, down from N5.04tn in February 2025 and N5.24tn in January 2025. Naira in circulation refers to the physical currency available for daily transactions, investments, and savings.
This decline could be part of efforts to reduce inflationary pressures and manage economic stability. Meanwhile, the CBN’s bank reserves increased to N28.52bn in March 2025, up from N27.57bn in February 2025 and N27.43bn in January 2025.
The special intervention reserves remained unchanged at N284.36m during the three-month period. The steady rise in bank reserves indicates the CBN’s efforts to maintain financial security and stability in the economy.
In contrast, the value of Nigeria’s currency in circulation had risen to N3.87 tn by the end of March 2024, with a steady increase in currency outside of banks throughout the first quarter. Additionally, Nigeria’s money supply recorded its first decline in 2025, falling to N110.32 tn in February from N110.94 tn in January.
No quotes are present in the original report to be added. The report provides statistical data and analysis on Nigeria’s economy.
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