•Demand deposits climb 71% •Analysts highlight cash dependence, financial inclusion challenges By Peter Egwuatu 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 d…

…outside banks rose from N4.87tn to N4.92tn during the period. Broad money includes cash, demand deposits, savings and time deposits, as well as foreign currency deposits. Its growth indicates an increase in funds held across the financial system but does not necessarily mean the entire amount has translated into consum…

…which measures the total amount of money circulating within the economy, includes cash, demand deposits, savings, time deposits and other highly liquid financial assets.According to the CBN data, the increase in liquidity was largely driven by stronger domestic assets and growth in quasi-money.Quasi-money, which compri…

…inched up by 0.22 percent to N44.7 trillion in June from N44.6 trillion in May, while demand deposits experienced a 1.02 percent bump to settle at N39.8 trillion in June from N39.4 trillion the previous month. In contrast, currency circulating outside the banking system fell by 5.7 percent, dropping to N4.9 trillion in…