The Central Bank of Nigeria, CBN, has restated its determination to ensure the circulation of clean Naira notes while urging Nigerians to treat the currency with respect as a key symbol of national identity. The call was made during the Bank’s Special Day at the Abuja International Trade Fair.
According to the CBN, maintaining clean notes goes hand in hand with strengthening the financial system and sustaining economic growth. Officials noted that 14 banks have already met recapitalisation requirements, while external reserves rose to $43.05 billion in September, reflecting improved investor confidence.
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The Bank also highlighted ongoing reforms in the payments sector under its Payments Systems Vision 2028, designed to boost financial inclusion, strengthen security, and expand access, particularly in rural communities. The CBN stressed that collective responsibility was essential in safeguarding both the Naira and the economy.
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