Breaking: CBN clarifies that there’s no plans to renominate Naira.
Claims that the Central Bank of Nigeria intends to redenominate the Naira with effect from January 2023 have been refuted. The Director of Corporate Communications of CBN, Isa AbdulMumin, announced this in a statement on Tuesday. The central bank's response follows a rumor that it intends to rename the nation's legal money. The Bank denied the assertion, stating that it does not intend to reorganize and rename the Naira. The Central Bank of Nigeria (CBN) has been alerted to the widespread dissemination of a text message indicating that the CBN intends to rename the Naira, the nation's legal cash, beginning…
