CBN Warns Against Spraying, Hawking Of Naira Notes

The Central Bank of Nigeria (CBN) has warned against the spraying, hawking, mutilation or counterfeiting the Naira.

Acting Director, Corporate Communications Department of the CBN, Mrs Hakama Sidi Ali gave the warning during the bank”s Special Day at the ongoing 36th Enugu International Trade Fair.

She urged the public to see the Nigerian currency, the Naira as the nation’s critical symbol of national identity.

Mrs Ali assured that the apex bank will sustain its efforts towards ensuring the availability of clean currency notes with the right mix.

“The CBN will sustain its efforts towards ensuring the availability of clean currency notes with the right mix. We, however, urge you to see Naira as our critical symbol of national identity. Respect and keep it clean.

“Do not spray, hawk, mutilate or counterfeit the Naira,” she warned.

The acting director noted that Nigeria recorded $6.83 billion balance of payments surplus at the end of 2024, adding that the bank has continued to address pockets of macroeconomic challenges confronting the economy and ensuring that the banking system remains robust and resilient.

“In the same vein, the Bank is also closely monitoring the ongoing recapitalisation of the banking sector, to ensure the injection of quality capital as envisaged in the framework.

“The Nigerian payments system has continued to be reckoned with globally. CBN has remained resolute in ensuring effective and efficient payments system infrastructure. This has accelerated the financial inclusion drive and broadened payment possibilities for Nigerians.

“These payment platforms have made financial transactions more seamless, cost-effective and accessible to a wide range of users,” she stated.