Foreign contractors handle 65 percent of Nigeria’s approved banknote production —CBN report
The Central Bank of Nigeria's latest report shows that foreign firms manage 65% of banknote production. This raises questions about the effectiveness of Nigeria's own minting capabilities.
By NigerianNewsFeed NewsDesk 
Foreign security printing firms handled 65 percent of Nigeria’s approved banknote production programme in 2025, despite the existence of the government-owned Nigerian Security Printing and Minting Plc (NSPM), the Central Bank of Nigeria (CBN) has disclosed. The disclosure was contained in the apex bank’s latest Annual Report, which showed that the CBN approved the production […]
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