Nigeria's Cashless Paradox: ₦4.87 Trillion Hoarded as PSV 2028 Pushes Digital

Nigeria's cashless revolution is a decade-long marathon, not a sprint — and the finish line keeps moving. Despite the CBN's ambitious digital payments push, cash is staging a quiet comeback in the one place it shouldn't be: outside the banking system.

Evidence For

• Cash outside banks rose to ₦4.87 trillion in August, reversing three consecutive months of decline — a monthly jump of ₦70.9 billion (1.48%). The CBN had been winning the war, with cash falling from ₦5.19...