 While starting from December 15th, Nigerians were having their hands redesigned Naira notes. The Central Bank of Nigeria announced its decision to redesign the 200, 500 and 1000 Naira notes. The governor of the Apex Bank, Gadwin Omir Feli, urged Nigerians to begin paying into their bank's account the existing currency to enable them to withdraw the new bank notes once circulation begins. He explained that the decision was because the CBN has recorded a high rate of counterfeiting, especially with the higher denominations of 500 and 1000 Naira bank notes. We desire for no longer a tenable to continue with business as usual, especially given the continually evolving circumstances that would repeat the popular performance of our life. We believe that the redesign of the currency will help people try to attract cashless gold and it should be complemented by the increased meeting of our Naira. These will put our money in the currency outside the banking system and into the banking system, thereby making more people see more applications. Be sure to hit the notification button so you get notified about fresh news updates.