fbpx

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

FinanceNews

N2.7trn In Circulation Outside Of Banking Sector – CBN

The Central Bank of Nigeria has said Tuesday said that of the N3.2 trillion in circulation, N2.7 trillion is outside the banking sector.Information Guide Nigeria

The Deputy Director, CBN Currency Department, Mrs. Amina Giwa, disclosed this in Port Harcourt at the ongoing 2022 Nigeria Deposit Insurance Corporation (NDIC) FICAN Workshop Programme with the theme: ‘Boosting Depositor’s Confidence Amidst Emerging Issues and Challenges in the Banking System’.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

Presenting a paper entitled: ‘Redesign of Naira: Benefits to financial system and the Nigerian economy’, Giwa said 85% of cash in circulation was found to be constantly outside the banks over the years.NYSC portal

Other Top Stories:

INDEPENDENT reports that Giwa said 99% of counterfeit discovered are in the three highest denominations including N1000, N500, and N200.

She added that the circulation of counterfeit banknotes can undermine financial stability and also weaken national economies and jeopardize livelihoods.JAMB Result

Check JAMB Result

Check and Confirm: How much is Dollar to Naira

👇👇👇👇👇

Canada Immigration!

Relocate to Canada, USA, UK, Europe, Australia, and New Zealand with your family. See the Latest Oversea Jobs with Visa Sponsorship plus our EXPERT guidance and tips. Its FREE!

Click here to Subscribe

👇👇👇👇👇

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

👍Advertise your business on InfoGuideNigeria.com!

From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.

 

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

.


The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

.
We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here

.

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker