Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Nigeria Launches New Naira Notes Nigerian President Muhammadu Buhari presented a set of new naira notes on Wednesday, saying the design would make them harder to counterfeit and replacing old notes would help control liquidity in an economy where the most money is held outside banks. Under a plan announced last month, the Central Bank of Nigeria (CBN) will start issuing the new notes to the public from Dec. 15. People have until Jan. 31, 2023, to hand in their old notes and get replacements or place their money in bank accounts. “There was an urgent need to take control…

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