Tag: Naira redesign
Business Currency Metro

CBN charged to thwart hoarding, counterfeiting of redesigned naira

In order to prevent hoarding and counterfeiting, economists have encouraged the Central Bank of Nigeria (CBN) to take strict control of the quantity of the redesigned naira notes it would allow into circulation. Prior to the Dec. 15 launch of the revised notes (N200, N500, and 1000), the experts provided guidance in separate interviews with Read More…

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Banking Business Top Story

Redesign of Naira to boost value – Emefiele

The CBN Governor, Mr. Godwin Emefiele, said that the planned redesign of the Naira might make the currency worth more. Emefiele revealed this while announcing that the apex bank intended to start issuing the newly designed N200, N500, and N1,000 denominations on December 15. Even though he said it wasn’t the main reason why the Read More…