By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: NSPM Dispels Rumors of Supply Chain Constraints, Reassures Continuity of New Naira Notes Production
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

NSPM Dispels Rumors of Supply Chain Constraints, Reassures Continuity of New Naira Notes Production

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: February 11, 2023
Share
2 Min Read
SHARE

The Nigerian Security Printing and Minting (NSPM) has dismissed recent reports suggesting the company is struggling to produce redesigned banknotes due to supply chain constraints.

According to the NSPM Managing Director, Ahmed A. Halilu, in a statement on Saturday reassured Nigerians that the company is fully equipped to continue the production of banknotes and other denominations of the naira currency.

The statement comes after recent reports claimed that the Central Bank Governor had raised concerns over NSPM’s ability to produce the redesigned banknotes, a claim that has since been debunked by the CBN.

“The attention of the Nigerian Security Printing and Minting (NSPM) Plc. has been drawn to some publications allegedly credited to the Central Bank Governor about the capacity of NSPM to continue the production of redesigned banknotes owing to supply chain constraints,” the statement reads.

- Advertisement -

“While the CBN has debunked the false claim, we also find it expedient to add that contrary to the mischievous claim, De-la-Rue of United Kingdom does not produce nor supply paper substrate within the Currency industry.

“We wish to further assure Nigerians that NSPM has made adequate arrangements to continuously produce redesigned banknotes as well as other denominations in line with the CBN indent for the year 2023.”

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Naira notesNSPMNSPMC
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Peter Obi Outlines Plans for Nigeria at Lagos Rally
Next Article New Naira notes: FCT market women decry low patronage

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,535.00
Sell₦1,545.00
GBP
Buy₦2,128.00
Sell₦2,160.00
EUR
Buy₦1,760.00
Sell₦1,810.00

Updated: 5 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Air Peace
Lagos LG Elections: Air Peace Announces 12-Hour Flight Suspension
News
Nigeria’s Super Eagles Slip to 44th in FIFA Rankings Despite Point Gain
Sport
Senator Natasha Akpoti-Uduaghan
Natasha Akpoti-Uduaghan Replaced as Senate Diaspora Committee Chair Amid Ongoing Suspension
News Top stories
IPOB Condemns Governor Soludo’s Allegations Linking Igbo Youths to Kidnapping Surge
News
Monday Okpebholo
Supreme Court Affirms Okpebholo’s Election as Edo Governor
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Eze Ndigbo Mourns Passing of Olubadan, Highlights Ibadan’s Unique Royal Succession System

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 10, 2025
News

Empowering the Vulnerable: Ogun First Lady Champions Free Medical Surgeries

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 10, 2025
News

Lagos Police Enforce Comprehensive Movement Ban to Secure July 12 LG Elections 

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 10, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?