The Central Bank of Nigeria (CBN) has announced that it will redesign the N200, N500, and N1,000 notes and begin circulating the new notes on the 15th of December 2022. This, as Godwin Emefiele, governor of the Central Bank of Nigeria noted, is an effort to reduce the inflationary pressure on the currency. According to … Continue reading Redesigning the Nigerian Naira: a “Blessing” or a “Curse”?