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The CBN approved the printing of 5.71 billion banknotes in 2025, 20.5% more than the 4.74 billion approved in 2024The Nigerian Security Printing and Minting Plc was assigned 35% of the order, while foreign printers handled the remaining 65%By the end of 2025, 3.45 billion banknotes had been delivered, as the CBN worked to meet cash demand despite growing digital payments
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Central Bank of Nigeria (CBN) approved the production of 5.71 billion banknotes in 2025, representing a 20.5 per cent increase from the 4.74 billion notes approved a year earlier.
The development reflects efforts by the apex bank to meet the country’s growing demand for physical cash despite the rapid adoption of digital payments and electronic banking services.
Despite Rise in Digital Payments CBN approved printing of 5.71bn banknotes in 2025Source: UGC
Details contained in the CBN’s
