Tag: N20 Currency

  • CBN to Phase out N5, N10, N20 Currency Notes

    CBN to Phase out N5, N10, N20 Currency Notes

    The Central Bank of Nigeria (CBN) on Friday in Asaba, Delta State, said the lower denomination of the nation’s currency including N5, N10 and N20 would soon be phased out of circulation. While the said lower denominations have almost become worthless owing to the declining purchasing power of the naira, CBN said it was wasting…