Naira Metrics
The Nigerian Senate has resolved to provide legislative support to the Central Bank of Nigeria (CBN) on the proposed redesign of N200, N500 and N1000 banknotes.
This resolution was made on Wednesday during a plenary session following a debate on a motion moved by Senator Uba Sani on the CBN policy move.
But while most lawmakers were in support of the motion, they also questioned the impacts the redesign will have on the economy and residents living in rural areas.
