Nigeria’s Central Bank Doubles Down on Plans to Introduce Newly Designed Naira Banknotes

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The Nigerian central bank was, on Oct. 29, forced to defend its controversial currency redesign plans, just a few days after they were publicly questioned by Nigerian Finance Minister Zainab Ahmad. The central bank insists the move is long overdue and urged Nigerians “to support the currency redesign project which is in the overall interest of every citizen of the country.” President Muhammadu Buhari’s Written Approval The Central Bank of Nigeria (CBN) has insisted its recently announced plan to issue newly designed naira banknotes is above board and “12 years overdue.& ...

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