CBN says new naira would improve exchange rate and inflation in Nigeria 

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has stated that the proposed redesign of some naira notes would improve the value of the currency and rein in inflation.  

His statement came shortly after he announced the redesigned N200, N500, and N1,000 notes would start circulating by December 15, 2023.  

The naira redesign is simply a change in the…

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