Africa Business Radio

Figures from the Central Bank of Nigeria shows that the currency in circulation rose from N2.97tn at the end of October to N3.15tn in November.The CBN data showed that the currency in circulation increased to N2.84tn in September from N2.78tn in August.The Currency Operations Department of the CBN says in its 2020 annual report that it sustained banknotes disposal operations in 2020 to ensure the circulation of clean banknotes.The apex bank says in furtherance of this objective, it deployed 11 banknote destruction systems and three currency disintegrating systems for currency disposal activities in the period under review.