- The Central Bank of Nigeria is responsible for issuance of the legal tender currency, in line with its mandate as enshrined in section 2(b) of the CBN Act 2007.
- CBN approved an indent of 2,51 billion pieces of banknotes of various denominations in 2020 to satisfy the currency needs of the economy
- The amount spent in 2020 for printing is a significant drop when compared with what CBN spent in 2019, 2018
The Central Bank of Nigeria (CBN) has revealed how it spent N58.618 billion to print 2.518 billion Naira notes in 2020 worth N1.06 trillion.
CBN noted this in its 2020 Currency Report obtained from its website.
