Monthly value of banknotes and coins in circulation in Nigeria 2019-2023

Published by
Doris Dokua Sasu,
May 13, 2024

As of March 2024, nearly 3.9 trillion Nigerian naira (NGN) were in circulation in Nigeria. This corresponded to 2.7 billion U.S. dollars. In March of the previous year, banknotes and coins of around 1.7 trillion NGN (roughly 1.2 billion U.S. dollars) were in circulation in the country.

Cash in circulation in Nigeria from January 2023 to March 2024 (in million Nigerian naira)

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Release date

May 2024

Region

Nigeria

Survey time period

January 2023 to March 2024

Special properties

reserve money (base money)

Supplementary notes

The release date is the date of access.

Figures have been rounded. 

Currency conversion rate as of 13.05.2024.

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