Nigerians increase hoarding of cash, central bank concerned

New data by the apex bank shows that over 90 percent of currency in circulation is held outside the banking system. The pattern reflects a growing lack of confidence in the banking system and also seriously limits access to liquid cash. The cash hoarding could threaten Nigeria's financial stability and economic growth.
Subscribe to us on CZcams: ow.ly/Zvqj30aIsgY
Follow us on:
Facebook: / cgtnafrica
Twitter: / cgtnafrica
Instagram: / cgtn_africa

[@youme1414]

My Nigeria is a very backward country. It is affecting progress and development.