Latest data by the Central Bank of Nigeria (CBN) showed that currency-in-circulation rose by N99.65bn or 5.63% to N1.868tr at the end of September 2017.
The rise, according to data obtained from the website of the apex bank on Tuesday showed that the rise is coming just after the total value of currency (coins and paper, less the amount that has been removed through the regular sale of treasury bills to mop up cash from the system, depending on its measurement of liquidity) declined by N104.458bn or 5.57% in July to N1.769tr.
The August figure was slightly lower than the N1.873tr recorded at the end of June.
A further analysis of the figure showed that year-to-date drop had reduced to N310.439bn or 14.24%, from N410.089bn or 18.81% from N2.179tr at the end of the festive month of December 2016.
Year-on-year data showed that currency-in-circulation rose by N189.258bn or 11.26% from N1.679tr in the month-ended August 2016.