Tag: Redesign
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CBN replies Finance minister on redesign of naira notes
The Central Bank of Nigeria (CBN) has reacted to reports of not following a due process regarding the redesigning of three series of naira notes. The spokesman of the apex bank, Mr. Osita Nwanisobi, said this while responding to the Minister of Finance, Budget and National Planning, Zainab Ahmed, who said her ministry was not carried…
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Naira: Redesign, Redenomination or Revaluation? By Henry Boyo
The evident danger to public health from handling dirty, grimy and bacteria laden Naira notes in millions of transactions every day, should spur government to reconsider revamping the present repulsive profile of the Naira. The above title, which was first published in August 2013 in the Punch and Vanguard Newspapers, examines the need for a…