Monday, September 29, 2025
23.7 C
Lagos

NSPM Assures Nigerians on New Bank Notes, Debunks Lack of Capacity Claim

The Nigerian Security Printing & Minting Plc (NSPM) has denied claims credited to the Governor of the Central Bank of Nigeria (CBN) that it (NSPM) lacks the capacity to produce the redesigned banknotes due to supply chain constraints.

Mr. Ahmed A. Halilu, Managing Director/CEO of NSPM said in a statement that while the CBN has already denied that such claim was made by its Governor, it (NSPM) also finds it “expedient to add that contrary to the mischievous claim, De-la-Rue of the United Kingdom does not produce nor supply paper substrate for the currency industry. We wish to further assure Nigerians that NSPM has made adequate arrangement to continuously produce redesigned banknotes as well as other denominations in line with the CBN for the year 2023.”

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Renmoney Partners Freshworks on Better Customer Engagement

Renmoney one of Nigeria’s leading fintech companies, has deployed Freshworks customer engagement...

LEADERSHIP – Africa’s Missing Link to Transformation …a Nigerian Perspective

  By Moses Braimah Africa is blessed with abundant resources, immense...

Scatec Solar Secures 100 MW Solar Project in Nigeria

Scatec Solar has signed an agreement with CDIL, a...

ARCON DG, 37 Others Bag Advertising Fellowship Award

The Director-General of the Advertising Regulatory Council of Nigeria...

Mobile Payment – A Game Changer in Africa

Writing in his latest annual “Gates Notes” letter, Microsoft Founder and Philanthropist, Bill Gates highlighted the digital banking sector and observed that smartphones and mobile technology would define banking in Africa, especially in those communities where the cost of banking and a lack of infrastructure remain major barriers to entry.

Adeosun Hosts American Ambassador, Says Nigeria’s Economy Resilient

The Minister of Finance, Mrs. Kemi Adeosun on Friday...

Arthur Andersen: Fall From Grace-A Sad Tale of Greed!

At "Andersen U.," the lush, 150-acre campus where Arthur Andersen LLP has trained tens of thousands of new recruits, there's a shrinento ethical accounting. A display in the Andersen Heritage Center is devoted to yellowing press clippings of a long-ago campaign to clean up the accounting industry by Leonard Spacek, who led the firm from 1947 to 1963. In one, he accused Bethlehem Steel of overstating its profits in 1964 by more than 60%. In another, he bashed the Securities and Exchange Commission for failing to crack down on companies that cooked their books, saying that at best the regulatory agency has been "a brake on the rate of retrogression in the quality of accounting."

AN EXPOSE ON THE IMPACT OF CLIMATE CHANGE IN NIGERIA- Effects and Preventions-

By Esohe Braimah Africa is the most vulnerable continent to...
spot_img

Related Articles

Popular Categories

spot_imgspot_img