The Reserve Bank of India (RBI) manages the country's currency. Yes, every note enters the market under the RBI's supervision. While everyone keeps crisp notes in their pockets, what happens to old ...

The residents, who spoke to NAN said getting clean Naira notes were hard to come by nowadays. Miss Ekene Okugba said that she hasn’t seen new Naira notes in over two years. “I’m used to seeing and ...

The Central Bank of Nigeria (CBN) has decided to migrate from burning 100 tonnes (about 10,000 kilograms) of naira notes weekly, to recycling, in order to make destruction of ragged notes more ...

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What to do with damaged notes? Currency notes often get damaged due to handling, moisture or tearing. To ensure they retain their value, the RBI has set guidelines for exchanging soiled or torn notes.

The House of Representatives has ordered the Central Bank of Nigeria (CBN) to immediately begin the withdrawal of all mutilated naira notes from banks across the country. The House urged the apex bank ...

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