• About Us
  • Contact Us
  • Write For Us
  • Advertise With Us
  • Privacy Policy
  • DMCA
  • Login
Thursday, September 28, 2023
Naijatunes
No Result
View All Result
  • Login
  • Nigerian Music
  • Foreign Music
  • Movies
  • Videos
  • Series
  • Kdrama
  • Nollywood Movies
  • Entertainment
  • Sports
  • Lifestyle
  • Naija News
  • Business News
  • World News
  • Entrepreneurs
  • Quotes
  • Nigerian Music
  • Foreign Music
  • Movies
  • Videos
  • Series
  • Kdrama
  • Nollywood Movies
  • Entertainment
  • Sports
  • Lifestyle
  • Naija News
  • Business News
  • World News
  • Entrepreneurs
  • Quotes
No Result
View All Result
Naijatunes
Home Naija News

CBN debunks claims of shortage of printing materials, plans to shut down banks

Danny<span class="bp-verified-badge"></span> by Danny
February 12, 2023 - Updated on March 2, 2023
in Naija News
0
whatsapp whatsapp whatsapp
Share on FacebookShare on TwitterShare On WhatsApp
CBN debunks claims of shortage of printing materials, plans to shut down banks

The Central Bank of Nigeria has debunked claims about the incapacity of the Nigerian Security Printing and Minting PLC.

The apex bank also denied claims that it plans to shut down commercial banks in a geo-political zone.

This was disclosed in a statement signed on Friday by CBN’s Director of Corporate Communications, Mr Osita Nwanisobi.

CBN said NSPM is not experiencing insufficient printing materials, as alleged by a report making the rounds in the media.

It clarified that the CBN governor, Godwin Emefiele, told the National Council of State in a meeting in the presidential villa on Friday that NSPM was working assiduously on printing all denominations of the banknotes to ease the sufferings of Nigerians.

Also, the apex bank frowns at vested interests attempting to pitch the public against the Bank.

It assured the public that the Bank would continue to execute its constitutional mandate by ensuring the smooth nationwide circulation of the currency.

“For the records, what Mr Emefiele told the meeting was that the NSPMC was working on printing all denominations of the Naira to meet the transaction needs of Nigerians.

“While the CBN appreciates the concerns shown by all stakeholders about the distribution of the Naira, we are alarmed at the extent to which vested interests are attempting to manipulate facts and pitch the public against the Bank”.

“We wish to state unequivocally that there is no such plan and that the claims are illogical and do not comply with the workings of the Nigerian banking system. The public is therefore advised to ignore such recordings as they do not represent the policy thrust of the CBN and are only the desperate attempts of persons bent on inciting the public against the bank”.

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: CBN
Previous Post

Naira redesign has reduced kidnapping and corruption – Attorney General of the Federation and Minister of Justice, Abubakar Malami

Next Post

Movie: Transfusion (2023)

Danny<span class="bp-verified-badge"></span>

Danny

Related Posts

More new notes to be in circulation soon - CBN
Naija News

More new notes to be in circulation soon – CBN

5 months ago
Finally, CBN orders banks to accept old N200, N500, N1,000 bank notes
Naija News

Finally, CBN orders banks to accept old N200, N500, N1,000 bank notes

7 months ago
Nigerians angered after locating dumpsite of shredded old naira notes amidst scarcity of cash
Naija News

Nigerians angered after locating dumpsite of shredded old naira notes amidst scarcity of cash

7 months ago
Actress remanded in Kirikiri prison for spraying and stepping on newly designed naira notes
Naija News

Actress remanded in Kirikiri prison for spraying and stepping on newly designed naira notes

8 months ago
Next Post
Transfusion (2023)

Movie: Transfusion (2023)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Songs

Ruger – RU The World

Album: Ruger – RU The World

September 2, 2023
Khaid – People (Evil)

Music: Khaid – People (Evil)

September 2, 2023
Khaid – No Time

Music: Khaid – No Time

September 2, 2023
Khaid – Hold Me

Music: Khaid – Hold Me

September 2, 2023
Khaid - Jara

Music: Khaid – Jara

September 2, 2023
Phyno – Do I

Music: Phyno – Do I

September 2, 2023

Latest Movies

Sex Education (S04)

Series: Sex Education (S04)

17 hours ago
The Black Book (2023)

Movie: The Black Book (2023)

17 hours ago
Operation Napoleon (2023)

Movie: Operation Napoleon (2023)

17 hours ago
The Hill (2023)

Movie: The Hill (2023)

17 hours ago
The Nun (2018)

Movie: The Nun (2018)

17 hours ago
Slotherhouse (2023)

Movie: Slotherhouse (2023)

17 hours ago

Latest News

Obaseki Vs Shaibu: Deputy Governor's Office Moved Out Of Govt House

Obaseki Vs Shaibu: Deputy Governor’s Office Moved Out Of Govt House

September 2, 2023
Four siblings trapped to death as building collapses in Enugu

Four siblings trapped to death as building collapses in Enugu

September 2, 2023
Super Falcon Allowances: Reps Committee fumes as Gasau, NFF President, shuns invitation

Super Falcon Allowances: Reps Committee fumes as Gasau, NFF President, shuns invitation

August 23, 2023
BREAKING: CP orders arrest of police inspector

BREAKING: CP orders arrest of police inspector

August 23, 2023
FCT Minister, Wike moves to demolish slums in Garki, Jabi, 28 other districts

FCT Minister, Wike moves to demolish slums in Garki, Jabi, 28 other districts

August 23, 2023

Latest Series

Mask Girl (S01)

Series: Mask Girl (Complete Season 1)

August 24, 2023
Mask Girl (S01)

Mask Girl Season 1 Episode 1

August 24, 2023
Mask Girl (S01)

Mask Girl Season 1 Episode 2

August 24, 2023
Mask Girl (S01)

Mask Girl Season 1 Episode 3

August 24, 2023
Mask Girl (S01)

Mask Girl Season 1 Episode 6

August 24, 2023

Searches

2023 elections (9) Action (103) Adventure (41) Almost Healed Album (19) Asake (16) Ayra Starr (10) Bad Boy Timz (12) bola Tinubu (9) burna boy (19) Comedy (77) Crime (43) Davido (11) Drama (142) Ed Sheeran (17) family (17) Fantasy (30) Fridayy (13) Hollywood (26) Horror (50) Indian Movies (23) I Told Them Album (13) Joeboy (16) Korean Series (14) Lil Durk (23) Movies (40) Music (9) Mystery (24) naira (10) No Bad Boy No Party (10) Olamide (21) Omah Lay (10) peter obi (9) Queen Of The Mask (16) Romance (49) Sci-Fi (20) series (66) Seyi Vibez (13) social media (15) Subtract Deluxe (11) Thriller (91) Thy Kingdom Come (10) Unruly Album (11) Wande Coal (14) WorkOf Art (EP) (10) World (12)
Naijatunes

Follow us

Categories

  • Business News
  • Entertainment
  • Entrepreneurs
  • Foreign Music
  • Kdrama
  • Lifestyle
  • Movies
  • Naija News
  • Nigerian Music
  • Nollywood Movies
  • Quotes
  • Series
  • Sports
  • Uncategorized
  • Videos
  • World News

Links

  • About Us
  • Contact Us
  • Write For Us
  • Advertise With Us
  • Privacy Policy
  • DMCA
  • Login

Subscribe to Site via Email

Enter your email address to subscribe to this site and receive notifications of new posts by email.

© 2021-2023 Naijatunes - A News,Lifestyle And Entertainment Website Naijatunes.

No Result
View All Result
  • Nigerian Music
  • Movies
  • Nollywood Movies
  • Videos
  • Series
  • Kdrama
  • Entertainment
  • Sports
  • Lifestyle
  • Naija News
  • World News
  • Business News
  • Entrepreneurs
  • Quotes

© 2021-2023 Naijatunes - A News,Lifestyle And Entertainment Website Naijatunes.

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: