Tag: Destruction

  • CBN Spends ₦‎800 Billion On Currency Production, Destruction

    CBN Spends ₦‎800 Billion On Currency Production, Destruction

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    by

    Starnews NG
    in

    The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has said the amount spent on maintaining the naira has increased by N10bn annually. Ahmad, who revealed this on Friday during her appearance before the House of Representatives to defend CBN’s new cash withdrawal limits policy, attributed over 90 per cent of currency…