Analysts Speak as Nigerians Shun Banks, Seek Alternative Means of Keeping Money

Analysts Speak as Nigerians Shun Banks, Seek Alternative Means of Keeping Money …C0NTINUE READING HERE >>>

The amount of currency held outside Nigeria’s banking system surged to N3.79tn in June 2024A sizable amount of money outside of the traditional banking industry undermines the CBN’s policy objectivesAccording to CBN data, loans to the private sector fell from N74.3 trillion to N73.12 trillion recently

Henzodaily.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Experts said that the enormous amount of unbanked money has been…

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