CBN WARNS AGAINST NAIRA MUTILATION, SHOWS OFF REFORM WINS

Keep the Naira clean, protect Nigeria’s economy!

The Central Bank of Nigeria (CBN) has urged Nigerians to stop spraying, mutilating, counterfeiting, or hawking Naira notes, calling it a national duty to respect the currency. The warning came at the CBN Special Day during the 47th Kaduna International Trade Fair.

Deputy Director Sidi Hakama highlighted the bank’s reform successes under Governor Olayemi Cardoso, including:

Foreign exchange unification

Bank recapitalisation for the $1 trillion economy target by 2030

Non-Resident BVN & B Match system for diaspora and forex trading

Digital payments growth: 12 million contactless cards in circulation, 10–50 million fintech app downloads

Strengthened policies to boost transparency, monetary stability, and fintech regulation

The fair, themed “From Reforms to Results: Economic Transformation through Sustained Local Content Development”, gave businesses a platform to engage directly with CBN officials. KADCCIMA President Faruk Suleiman praised the reforms for improving economic stability.

CBN also stressed using official channels only for updates on policies and programs.

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