The Central Bank of Nigeria’s naira redesign policy, which ostensibly aimed to tame inflation and deter vote buying during the recent presidential election, stressed the country’s banking sector for months and forced millions of Nigerians, including the unbanked (estimated at over 38 million), to resort to e-payments.
There's more to this story
Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
Already a a subscriber Sign In