Home BusinessBREAKING: CBN to reduce the volume of N500, N1000 notes in …

BREAKING: CBN to reduce the volume of N500, N1000 notes in …

by Tolu Oke
BREAKING: CBN to reduce the volume of N500, N1000 notes in ...

The Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele, stated that the country’s top bank intends to gradually decrease the amount of N500 and N1000 notes in circulation.

He proposed that one of the factors contributing to the nation’s rising inflation may be the abundance of larger denomination notes now in circulation.

More details shortly…

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