The Central Bank of Nigeria (CBN) has debunked reports making the rounds that it was planning to redenominate or restructure the naira notes in 2024.
The apex bank stated this on Tuesday in a statement signed by its Director, Corporate Communications, Isa AbdulMumin, and shared on its X handle.
The apex bank also urged Nigerians to disregard the wide circulation of a text message suggesting that the Bank plans to redenominate the country’s legal tender next year, noting that the contents of the message are misleading.
