Opposition Urges Nigerians to Praise New Central Bank Monetary Policy Rather Than Criticize It

Last month, Nigeria’s Central Bank launched new banknotes in a bid to curb counterfeiting. Later, the bank announced a new cash policy, set to come into force in January 2023, that limits withdrawals to 100,000 naira ($225) a week instead of 2.5 million naira ($5,638), aiming to discourage the payment of ransoms to kidnappers who demand cash.