On Wednesday, October 26, 2022, Nigeria’s apex bank, the Central Bank of Nigeria (CBN), announced that it will redesign the country’s three highest naira notes — ₦200, ₦500 & ₦1000. Speaking on the development, Godwin Emefiele, CBN governor, stated that the move to introduce newly designed notes became imperative following the abnormalities bedevilling Nigerian financial, … Continue reading A brief history of currency change and redesign in Nigeria