Naira Redesign: Abuja residents recount ordeal in accessing their money On October 26, 2022, the Governor of the Central Bank of Nigeria (CBN), with the approval of the President Muhammadu Buhari(rtd.), announced the naira redesign policy entailing the issuing of new naira notes to replace the existing N200, N500 and N1,000 notes. The old notes were expected to be out of circulation, thereby ceasing to be legal tenders in the next 20 days. Even though there has been an extension and the CBN has said collection of old notes would continue, the...