Naira

CBN votes N500m for recycling of old Naira notes, others

CBN votes N500m for recycling of old Naira notes, others

As ministry, GIZ, EU, UNIDO, HBS, others plan on disposal of expired battery By Chris Ochayi Worried by the negative impact of disposing of expired naira notes through burning on the environment, the Central Bank of Nigeria, CBN, disclosed yesterday that it has set aside a total sum of N500 million for the recycling of […]
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Naira: Redesign, redenomination or revaluation?

Naira: Redesign, redenomination or revaluation?

THE primary reason for public rejection of lower Naira denominations, was identified, in this column, in the last fortnight, as their negligible purchasing values rather than the material of fabrication.

Reawakening citizens’ responsibility to clean naira notes

Reawakening citizens’ responsibility to clean naira notes

NATIONAL identities are symbols of self determination, commonality and unity.  One of such symbols is the national currency. Among other things, the national currency, according to Benjamin Anderson, a foreign affairs analyst, “is the ambassador of the country and the culture it represents”.