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VEO News > Blog > Hot Stories > Fake news! CBN debunks claim of incapacity to print Naira.
Hot Stories

Fake news! CBN debunks claim of incapacity to print Naira.

Rufai Oseni
Last updated: 2023/02/11 at 4:22 PM
Rufai Oseni Published February 11, 2023
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The Central Bank of Nigeria, CBN has debunked reports claiming the apex bank is incapacitated to print new naira notes.

There were reports earlier in some media claiming that the governor of the CBN governor, Godwin Emefiele, said the apex bank does not have the capacity to print adequate new naira notes.But, the CBN, in a statement signed by its Director, Corporate Communications, Osita Nwanisobi, the CBN, said, at no time did the CBN Governor,, disclose this during his presentation to the National Council of State at its meeting on Friday, February 10, 2023.

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