The Central Bank of Nigeria launched new banknotes in November 2022. The new notes came into effect on 15 December 2022. The apex bank also capped withdrawal of the new banknotes at N100,000 (US$222 at the official exchange rate) per week for individuals, and N500,000 (US$1,111) for corporations. Reactions across Nigeria were swift and acerbic. […]
Day: April 21, 2023
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