Emefiele Speaks On CBN Capacity To Meet Currency Demand 

The Central Bank of Nigeria says it has the capacity to meet the demand for the redesigned currencies.

In a statement obtained by Africa Investigative Magazine, the apex bank dismissed the reports in certain sections of the media that it lacked the materials for the production of the new notes.

According to statement, the CBN Governor, Mr. Godwin Emefiele told the Council of States in the meeting that the Nigeria Security Printing and Minting Company was working on printing all the denominations of the naira to meet the transactional needs of the economy .

It advised the public to disregard a certain voice note circulating in the social media to the effect that the CBN was planning to shut some banks especially in a geo political zone of the country.

It described the voice note as baseless and contrived.