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The Central Bank of Nigeria approved 5.71 billion banknotes for 2025, a 20.5% jump from the 4.74 billion pieces approved the previous yearNigeria’s currency in circulation climbed to N5.73 trillion in 2025, continuing a sharp upward trend from N3.33 trillion recorded in 2021Local printer NSPM delivered only 62% of its 2025 allocation before year-end, leaving 760.76 million pieces outstanding
The Central Bank of Nigeria (CBN) has approved the production of 5,706.8 million pieces of banknotes for 2025, up from 4,737.5 million pieces in 2024, as rising cash demand across the economy drove the apex bank to expand its currency indent by 20.5%.
The figures obtained from the CBN’s 2025 annual report & statement of accounts also revealed that currency in circulation grew by about 5.4% year-on-year to N5.73 trillion in 2025, compared with N5.44 trillion in 2024.
Nigeria’s currency in circulation declined to ₦3.01 trillion in 2025 Photo: Ayorinde OgundeleSource: Getty Images
