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CBN assures of adequate cash supply, says 3.4trn in circulation — National Accord Newspaper

Central Bank Says It's Addressing Cash Scarcity In Nigeria, Blames Hoarding Due To Buhari's Naira Redesign Policy

Following reports across the country, the Central Bank of Nigeria says there are enough naira notes in circulation to meet cash needs. A statement on Wednesday signed by CBN's Acting Director of Corporate Communications, Mrs Hakama Ali, revealed that naira notes in circulation had increased from N1 trillion in February to N3.4 trillion in December. According to the statement, this indicates that there is sufficient cash in circulation.

Nigeria: We're Addressing Cash Scarcity, N3.4tn Now in Circulation - CBN

CBN Assures Of Adequate Cash Supply

December 14, (THEWILL) - The Central Bank of Nigeria (CBN) has reassured Nigerians of enough Naira notes in circulation to cater for their cash needs. CBN Acting Director, Corporate Communications, Mrs Hakama Ali, gave the assurance in a statement on Wednesday. The apex bank was reacting to complaints of perennial shortage of Naira notes by

CBN assures of adequate cash supply, says ₦3.4trn in circulation

The CBN urged Nigerians to continue to accept all naira banknotes for their daily transactions. | Pulse Nigeria

We have enough cash in circulation, says CBN

The CBN had earlier attributed the scarcity to the hoarding of the naira noted by some persons due to challenges experienced during the naira redesign project