NGThe Central Bank of Nigeria (CBN) reported that the currency in circulation (CIC) increased to N5.73 trillion in 2025, up from N5.44 trillion in 2024, citing higher economic activity and demand for cash. The CBN approved a 20.5% increase in the number of banknotes printed, with 35% allocated to local printer Nigerian Security Printing and Minting Plc and 65% to foreign high-security printers. Foreign exchange (FX) inflows rose to $109.86 billion in 2025, driven primarily by autonomous sources such as non-oil exports, over-the-counter purchases, and capital importation. FX outflows also increased, but the country still recorded a net inflow of $60.81 billion. FX utilization for visible imports grew by 59.36%, with the industrial sector being the largest user.
Bias read (Center): The article presents factual data from the Central Bank of Nigeria regarding currency circulation and foreign exchange flows. It does not exhibit overtly biased language, one-sided sourcing, or omission of context. The information is presented neutrally, focusing on statistical changes and attribut[
