October 28, 2022/United Capital Research Anglophone West Africa Nigeria The Central Bank of Nigeria (CBN) has announced plans to re-design the 200, 500 and 1000 Nigerian naira notes. The aim of the redesign of the notes is targeted at controlling currency in circulation as well as curb currency and ransom […]
Updates
Swift Accepts Community Request to Start ISO 20022 Migration in March 2023
October 28, 2022/Atmosphere Swift has worked extensively with its global community to prepare for the start of the ISO 20022 migration for cross-border payments and reporting (CBPR+) and since August, all required capabilities have been deployed and institutions have been able to exchange ISO 20022 messages on an opt-in basis. […]
Review of the CBN’s New Banknotes Announcement
October 27, 2022/Cordros Report The governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, held a special press briefing yesterday (26 October), announcing the apex bank’s intention to issue new Naira bank notes. In his briefing, the governor cited that (1) over 80.0% of the currency in circulation […]
