Tag: Currency

Oluwafemi Alegbe December 9, 2022

New CBN Directive On Withdrawals

CBN sets new ridiculous limits on withdrawals It is no news again that the Naira was redesigned and the newly designed notes will be in circulation soon but this week the CBN has gone a step further to release a memo to various financial institutions with a new set of directives that a lot of […]

Oluwafemi Alegbe November 23, 2022

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The New Face Of The Naira

Does the new Naira design look good? A few weeks ago, the CBN Governor, Godwin Emefiele, announced that a couple of the Naira notes would be redesigned and the sudden decision to change the outlook of the Naira note was fully backed and vetted by the president. Note that all the reasons presented to Nigerians […]