The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has announced the plan of the apex bank to redesign Naira notes. Currencies such as N200, N500 and N1000 are expected to cease from circulation by December 15, 2022, while they would no longer be a legal tender by January 31,

In an effort to achieve a cashless economy, the Central Bank Digital Currency (CBDC), eNaira, was launched by the President, Mohammadu Buhari in October 2021. A year after its launch, the CBN governor, Godwin Emefiele, announced at the ‘eNaira 1-year anniversary’ event in Lagos on Tuesday that it has recorded