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Why ₦100 and ₦200 notes are disappearing from circulation according to the CBN governor

Posted by Trendnewsmedia team July 23, 2026


CBN Governor Olayemi Cardoso explains why ₦100 and ₦200 notes are becoming scarce, citing digital payments, inflation and changing spending habits.

Most shops in Nigeria have adopted digital payment facilities


Most shops in Nigeria have adopted digital payment facilities

The CBN Governor tied this shift to a broader rise in financial inclusion


The CBN Governor tied this shift to a broader rise in financial inclusion

Cardoso said the CBN is still working toward a single-digit inflation target


Cardoso said the CBN is still working toward a single-digit inflation target



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