By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Monday, May 19, 2025
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
Nigeria News

Shocking: We Spent N96.5bn To Print and Distribute Naira Notes In 2022, Says CBN

Emmanuel Atseyinku
Last updated: August 23, 2023 6:09 pm
By Emmanuel Atseyinku
Share
1 Min Read
SHARE

The Central Bank of Nigeria (CBN) says currency issue expenses gulped N96.46 billion in 2022.

This is contained in the apex bank’s recently released audited financial statement for the year ended December 31, 2022.

In the report, the CBN said: “Currency issue expenses relate to expenses incurred about the printing, processing, distribution, and disposal of currency notes. This is recognized at cost when incurred.”

Checks by TheCable Index showed that the N96.46 billion recorded for currency issue expenses in 2022 is 32.9 percent higher than the N72.58 billion the apex bank spent in 2021.

In October 2022, Godwin Emefiele, the suspended CBN governor, announced plans to redesign the N200, N500, and N1,000 naira bills.

People were initially given a deadline of January 31, 2023, to hand in all their old notes but it was later extended to February 10.

EXCLUSIVE: Inside Cross River, Nigeria,  Men and Women Speak Different Languages
EXCLUSIVE: The Bala Mohammed and Yusuf Tuggar Incident 
FCT Set for 2026 Area Council Elections as Parties Begin Primaries in June
EXCLUSIVE: How Nigerian Critic, Kemi Badenoch Led Conservatives to Worst-Ever Election Defeat
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
Previous Article Come To Station For Complaint Not Social Media, IGP Egbetokun Tells Nigerians
Next Article God Will Build Nigeria Through President Tinubu -Pastor Kumuyi
Search
Latest News
  • NGO Applauds Sokoto Senator For Transformative Leadership, Says He Is Among The Country’s Best May 18, 2025
  • British-Nigerian Opeyemi Bright breaks record as UK City’s youngest Mayor May 18, 2025
  • INSIDE Ebonyi Community Without Bridge, Electricity (Photos, Video) May 18, 2025
  • Economic Hardship: Nigeria Sitting On Keg Of Gunpowder – Obasanjo May 17, 2025
  • Nigerian Army Dismisses Soldier Over Armed Robbery, Handed Over To Police May 17, 2025
  • Labour Party Members Are Disobedient, I Won’t Act Like Them – Works Minister Umahi May 17, 2025
  • Wike Breaks Silence Over Rumours Of Being Sick May 17, 2025
  • EXCLUSIVE: Inside Cross River, Nigeria,  Men and Women Speak Different Languages May 17, 2025
  • Police Arrest Female Arms Runner, Recover Ammunition In Nasarawa May 16, 2025
  • In 2027, There Will Be No Political Parties – Senate President, Akpabio Declares May 16, 2025
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

African EconomyGlobal Economy

EXCLUSIVE: Nigeria Clears IMF Debt, Still Tops Africa’s Debt Chart to the World Bank

May 10, 2025
9NEWS NIGERIA DAILY NEWS UPDATES BANNER
Hot NewsLatest News

Latest Breaking News Updates from Nigeria Today (May 10, 2025)

May 10, 2025
Latest NewsNational

Minister of Defence Denies Claims of Terrorist Superiority, Highlights Military Advancements

May 7, 2025
HealthNational

Rep. Chike Okafor Calls for Accountability, Funding Boost to Combat Malnutrition in Nigeria

May 6, 2025
EntertainmentEntertainment and lifestyle

EXCLUSIVE: Mercy Chinwo’s Legal Firepower, EFCC Grills VeryDarkMan

May 5, 2025
NationalNigeria News

FEC Approves Bill for Cocoa Management Board

May 5, 2025
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • Events
  • National Security
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • The Love of God
  • Crime and Investigation
  • World News
  • Business

9NEWS NIGERIA

  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Copyright © 2025 | 9News Nigeria by Nine Communications Nig Ltd
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?