Macroeconomic Roundup: Naira wears a new look as CBN tackles inflation
Last week, Nigeria’s monetary authorities intensified efforts at solving Nigeria’s many fiscal and macroeconomic problem
Tag: Naira Redesign
Focus on business, not politics, Nigerians reply as Netflix trolls CBN naira redesign
Ummar Farouq regarded the act as disrespectful, especially for a corporation that generates revenue in the country
Naira redesign: CBN to collaborate with EFCC, ICPC to track huge withdrawals – Emefiele
80% of the currency in circulation is outside the vaults of the commercial banks
Disappointed Nigerians say new naira notes printed with “Snapchat filters”
The CBN launched a countdown clock showing when the old naira notes would stop being legal tender
Naira Redesign: CBN says it has received N165 billion old notes, no deadline extension
A total of N2.7 trillion is currently outside the banking system
President Buhari unveils newly redesigned naira notes
President Buhari launched the newly redesigned notes at the State House, Abuja
CBN tells Nigerians in diaspora: We will not wait for you to bring your naira
However, he reiterated that the current currency would remain legal tender alongside the new Notes until January 31, 2023.
CBN to reduce the volume of N500, N1000 in circulation to curb inflation
Emefiele suggested that Nigerians should start carrying N50 around and use electronic banking for large transactions
CBN launches countdown clock showing days left till new naira notes
In October, the apex bank announced that it would redesign the N200, N500, and N1,000 notes.
Senate backs CBN on redesign of naira notes
The lawmakers also questioned the impacts the redesign will have on the economy and residents living in rural areas
