Business

CBN Lists Four Firms To Print Cheques, Excludes NPSMC

Published

3 years ago

May 22, 2023

The Central Bank of Nigeria has approved four local firms for printing cheques excluding Nigeria Security Printing and Minting Company PLC.

This was contained in a circular issued by the apex bank over the weekend.

The circular, signed by Sam Okojere, the Director of the Banking Services Department, said that the firms include Superflux International Limited, Tripple Gee and Company, Yaliam Press Limited and Marvelous Mike Press.

The CBN said, “The re-accreditation of Cheques Printers and Cheque Personalisers is in line with the NICPAS qualification criteria.”

The circular also showed that seven banks were approved as personalisers of cheques, and they include Zenith Bank Plc, Ecobank Plc, First Bank Ltd, Stanbic IBTC Bank Plc, Keystone Bank Ltd, Providus Bank Ltd and Wema Bank Plc.

It was stated that all accredited printers and personalisers had been duly notified and certificates issued.

The Nigeria Security Printing and Minting Company Plc and Euphoria Group Limited, were accredited and approved on Thursday, 04 December 2014, in a letter REF: BPS/DIR/GEN/CIR/02/033.

NPSMC is the sole printer of N200, N500, N1000 new naira notes.

Business

Naira Records Massive Week-on-week Depreciation Against US Dollar

Published

22 hours ago

November 23, 2025

Editor

The Nigerian Naira recorded massive week-on-week losses against the United States dollar at the official foreign exchange market.

The Central Bank of Nigeria’s exchange rate showed that the Naira dipped significantly to end the week at N1,456.73 on Friday, November 21, 2025, down from N1,442.43 traded on November 14.

This means that on a weekly basis, the Naira shed N14.06 against the dollar at the official market.

Business

Naira Appreciates Against US Dollar After Highest Dip

Published

3 days ago

November 21, 2025

Editor

The Naira bounced back, recording an appreciation against the United States dollar at the official foreign exchange market after hitting its lowest point this week.

Data from the Central Bank of Nigeria showed that the Naira strengthened to N1,452.13 on Thursday, up from N1,454.19 traded on Wednesday.

This represents a gain of N2.06 against the dollar on a day-to-day basis.

Meanwhile, in the black market, the Naira depreciated by N5 to N1,470 per dollar on Thursday, down from N1,465 recorded the previous day.

The apex bank’s data indicated that the country’s external reserves continued to rise, standing at $44.12 billion as of 19 November 2025, despite the mixed sentiments in the currency exchange market.

Recall that on Wednesday, the Naira recorded its highest depreciation against the dollar at the official FX market.

Business

Naira Records First Appreciation Against US Dollar As Foreign Reserves Hit $46.7bn

Published

5 days ago

November 19, 2025

Editor

The Naira recorded its first appreciation against the United States dollar at the official foreign exchange on Tuesday this week.

The Central Bank of Nigeria’s data showed that the Naira strengthened on Tuesday to N1,447.43 per dollar, up from N1,448.03 exchanged on Monday.

This means that the Naira gained N0.6 against the dollar on a day-to-day basis.

Meanwhile at the black market, the Naira remained unchanged at N1,465 per dollar on Tuesday, the same rate exchanged on Monday.

Checks on Nigeria’s foreign reserves showed that it has risen to $43.97 billion as of November 17th, 2025, according to the Central Bank of Nigeria’s data.

Meanwhile, the apex bank governor, Olayemi Cardoso, in an event on Tuesday, said the country’s foreign reserves rose to a seven-year high of $46.7 billion as of November 14.