CBN promises to provide clean currency notes

The Central Bank of Nigeria (CBN) has reaffirmed its committedness to ensuring the availability of cleanable currency notes with the close mix.

The CBN besides encouraged citizens to beryllium ambassadors of cleanable Naira notes.

Mrs Hakama Ali, Acting Director, Corporate Communications Department of the CBN, made the pledge astatine the CBN Special Day successful the ongoing 20th Abuja International Trade Fair (AITF) connected Thursday successful Abuja.

The News Agency of Nigeria (NAN) reports that the fair, which began connected Sept. 25th, volition extremity connected Oct. 6.

The taxable of the commercialized just is tagged “Sustainable: Consumption, Incentives and Taxation”.

According to Ali, portion the CBN volition proceed its efforts to guarantee the availability of cleanable currency notes with the close mix, we impulse you to spot the Naira arsenic our captious awesome of nationalist identity.

“Respect it and support it clean. Do not spray, hawk, mutilate, oregon counterfeit the Naira. We besides promote you to beryllium ambassadors of the Bank’s cleanable Naira notes. CBN cannot bash it alone. Our Naira, Our Pride.

“We look guardant to the continued practice from each stakeholders arsenic it is lone done corporate effort that we tin flooded challenges and usher our system towards robust and inclusive growth,” helium said.

Ali said that the absorption of the CBN was dedicated to addressing the identified challenges of Nigerians to boost productivity and fortify the section system against immoderate adverse outer shocks.

She said that achieving economical sustainability was based connected a tripod.

“This includes beardown fiscal systems, a unchangeable overseas speech marketplace for effectual planning, and beardown collaboration betwixt the monetary and fiscal authorities.

“The bank’s efforts successful these areas are producing the desired results, with our outer reserves reaching $43.05 cardinal connected Sept. 11, 2025, up from $40.51 cardinal astatine the extremity of July 2025.

Ali said that the CBN had continued to code pockets of macro-economic challenges confronting the Nigerian economy.

She said that the efforts were to guarantee that the banking strategy remained robust and resilient, with astir fiscal soundness indicators staying wrong their respective prudential benchmarks.

According to her, arsenic precocious disclosed by the CBN Governor, 14 banks person met their recapitalisation requirements. The Bank is besides intimately monitoring the remaining banks to guarantee the palmy completion of the exercise.

She said that the commercialized just taxable aligned with the CBN’s extremity to amended investors’ confidence, which was evidenced by a important summation successful overseas investments.

She besides said that the CBN would proceed to pb innovations wrong the payments strategy landscape.

Ali said that the Bank’s Payme Systems Vision 2028 was a bold inaugural to future-proof Nigeria’s payments ecosystem, aiming to broaden fiscal inclusion successful agrarian areas.

She said that the inaugural would besides amended security, and minimise downtime for faster, safer, and much businesslike transactions.

Ali was represented by Deputy Director and Head of the Communication Management and Strategy Division, Mr Ibrahim Abbas of the CBN.

Mr Agaidu Jideani, Director-General, Abuja Chamber of Commerce and Industry (ACCI), said that the CBN remained the apex monetary authorization of the nation.

Jideani said for the concern assemblage represented by ACCI, the CBN was not conscionable a regulator but a captious enabler of growth.

“Through entree to recognition facilities, involution funds, forex management, and fiscal inclusion strategies, the CBN has opened opportunities for our members.

“The CBN has peculiarly opened opportunities for MSMEs to thrive successful a competitory environment.

“Its relation successful stabilising ostentation and ensuring assurance successful the fiscal strategy remains indispensable to concern sustainability and competitiveness,” helium said.

The director-general appreciated the CBN’s committedness to younker empowerment, capableness building, and targeted sectoral interventions successful agriculture, housing, healthcare, and education.

“These efforts are not o...