Cash held outside Nigeria’s banking system fell to a seven-month low of N4.92 trillion in June 2026, down N485.8 billion from December 2025, according to Central Bank of Nigeria data. The decline represents an 8.98% drop over six months. The move suggests weaker cash-holding by the public and a shift of funds back into the banking system. The change reflects a domestic shift in Nigeria’s liquidity structure rather than a direct driver of prices for global traditional financial assets.