Rambling On Redesigning The Naira, by Nasir Aminu
Redesigning currencies is an activity for sovereign nations. It allows the currency-issuing country to improve the currency’s security to deter counterfeiting. The new notes come with cleaner materials to avoid contamination and becoming dirty.
The United Kingdom (UK)...
JUST IN: Fintechs May Crash Commercial Banks - CBN Raises Alarm
The Central Bank of Nigeria (CBN) has raised the alarm that Financial Technology initiatives or companies popularly called FinTechs will soon start doing better than traditional banks and may run the latter out of...
CBN Destroys Over N6trn Banknotes Under Buhari's Administration
The Central Bank of Nigeria is expected to have destroyed over N6tn worth of mutilated and old banknotes when the regime of President Muhammadu Buhari expires in May 2023.
Already, data obtained from the annual reports of the...
JUST IN: FG Disowns Emefiele Over Plan To Redesign Naira
Barely Forty Eight hours after the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele announced that the apex bank would redesign the country’s currency December 15, 2022, the Federal Government Friday disagreed with him.
Minister...
Eight Quick Facts About New Naira Notes
It is no longer news that the Central Bank of Nigeria (CBN) has announced the coming of new naira notes.
The apex bank governor, Godwin Emefiele, who made this announcement at a press conference on Wednesday, said the new...
JUST IN: CBN Introduces New Naira Notes
The Central Bank of Nigeria (CBN) has redesigned some new naira notes.
The apex bank governor, Godwin Emefiele, made this announcement at a press conference on Wednesday.
Emefiele said the new design and issues will be effective from December 15,...
