Currency In Circulation Drops To N3.24trn   Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, latest figures on currency from the Central Bank of Nigeria has revealed. According to the CBN, the CIC which stood at N3.33tn in May fell to...

Mutilated Notes: CBN Expresses Concern, Imposes Heavy Sanctions   The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit Money Banks. To this end, the CBN has warned banks to stop including composed currency notes...

CBN Destroys N1.89trn Fake, Mutilated Naira Notes     The Central Bank of Nigeria says it destroyed unfit Naira currency notes worth N1.89trn in two years, 2017 and 2018. This was disclosed in the 2018 annual report of the Currency Operations Department of the apex bank. Part of the...