• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, October 24, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

We Have Sufficient Stock Of Naira Notes — CBN

by Mark Itsibor
2 years ago
in News
Naira notes
Share on WhatsAppShare on FacebookShare on XTelegram

The Central Bank of Nigeria (CBN) has said that it has enough volume of banknotes to go around against backdrop of the approaching festive period, dismissing the allegations of cash scarcity in the banking sector.

Advertisement

The apex bank, which was reacting to reports of alleged scarcity of cash at the banks, automated teller machines (ATMs), Points of Sale (PoS) and Bureaux de Change (BDC) in some major cities across the country, said the seeming cash scarcity in some locations was largely due to high volume withdrawals from the CBN branches by Deposit Money Banks (DMBs) and panic withdrawals by customers from the ATMs.

There were reported cases of panic withdrawals in parts of Nigeria over fear that the banknotes could be scarce as was experienced at the end of year 2022 festivities, especially as the bank was yet to comment on continued use of the redesigned higher-denominations of the old currency notes.

Advertisement

The court had extended the use of the old banknotes till December 2023 to allow a better circulation of the new notes.

“While we note the concerns of Nigerians on the availability of cash for financial transactions, we wish to assure the public that there is sufficient stock of currency notes for economic activities in the country. The branches of the CBN across the country are also working to ensure the seamless circulation of cash in their respective states of operation.

 

RELATED NEWS

Activist Urges Faith Leaders To Shun Selective Criticism

Tanker Explosion: Federal Government Orders Emergency Palliative Work On Niger Road

Reps Move To Whittle Down President’s Power Of Sacking EFCC Chairman

Residents Cry Out As Bandit Attacks Escalate In Kano

“Members of the public are, therefore, advised to guard against panic withdrawals as there is sufficient stock to facilitate economic activities. Nigerians are also advised to embrace alternative modes of

payment, which would reduce pressure on using physical cash,” CBN spokesman, Isa AbdulMumin, said in a statement.

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShareTweetShare

OTHER NEWS UPDATES

Activist Urges Faith Leaders To Shun Selective Criticism
News

Activist Urges Faith Leaders To Shun Selective Criticism

3 hours ago
Tanker Explosion: Federal Government Orders Emergency Palliative Work On Niger Road
News

Tanker Explosion: Federal Government Orders Emergency Palliative Work On Niger Road

3 hours ago
NELFUND Condoles With Borno State Varsity, Govt Over Tragic Accident
News

Reps Move To Whittle Down President’s Power Of Sacking EFCC Chairman

3 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Activist Urges Faith Leaders To Shun Selective Criticism

3 hours ago

Tanker Explosion: Federal Government Orders Emergency Palliative Work On Niger Road

3 hours ago

Reps Move To Whittle Down President’s Power Of Sacking EFCC Chairman

3 hours ago

Residents Cry Out As Bandit Attacks Escalate In Kano

5 hours ago

PDP To Screen Aspirants Ahead Elective Convention October 28

5 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.