Monday, September 8, 2025
24.1 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

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

PwC Taps Nadine Tinen to Lead France, Francophone Africa

Nadine Tinen has been named Regional Senior Partner of...

Stanbic IBTC Emerges Winner at 2022 Cosmopolitan The Daily Business Awards

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

Stock Market Statistics: Wednesday, 4th January, 2017

Market Cap (N'bn)              ...

Zenith Leads with 41% in Banks’ N217m Print Advert Spend in Feb 2022

P+ Measurement Services, a PR Measurement and Evaluation Agency...

Stanford University Business Program Takes Root in East Africa

Building on the success of its program in West...

NAICOM to Engage Insurers on 10-Year CEO Tenure Code

The National Insurance Commission (NAICOM) says it will engage...

Gartner: Worldwide Smartphone Sales to Slow in 2016

Gartner said global smartphone sales will continue to slow...

Africa, Middle East Hardware Market Flat in 2O15

A new research report released yesterday by International Data...
spot_img

Related Articles

Popular Categories

spot_imgspot_img