NAIRA REDESIGN: Nigerians return N140bn to CBN in one month

The Central Bank of Nigeria (CBN) has announced that it has been able to record massive success in its effort to take back the excess cash outside the banking sector.

The apex bank in its latest monetary data released on Monday revealed that currency in circulation was reduced to N3.16 trillion in the month of November 2022.

This represents a N140 billion drop when compared to N3.3 trillion reported in October 2022.