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Business Insider Africa

Lack of cash crumbling business activities, livelihood in Nigeria

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Africa’s most populous country Nigeria has withdrawn 200-, 500- and 1000-naira notes from circulation following the redesign of the Nigerian currency. On 26 October 2022, Nigeria's Apex bank the central bank of Nigeria CBN announced the…
Business Insider Africa

Nigeria push for new currency notes creates crisis

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Nigeria's push to replace the local currency notes with newly designed ones is creating an economic crisis, with the limited cash in circulation hurting many people and businesses across the West African nation. The Central Bank of Nigeria…