In a tweet on Wednesday, the streaming service took a subtle shot at the CBN in the #NairaRedesignChallenge
The 2022 flooding is Nigeria’s worst in the last five years, with 32 out of the 36 states of the country affected.
Nigeria’s inflation rate reached a 17-year high of 21.09 per cent in October.
But Mr Bawa said, “With this redesigning, (the) dollar may massively fall, who knows, probably to N200.”
“They can make enquiries about options for depositing their current N200, N500 and N1,000 notes, account opening process and financial access points,” he said.
Mr Emefiele disclosed that about 80 per cent of the country’s currency in circulation are outside the vaults of commercial banks across the country.
The newly designed currency will be released to the banks in the order of First-come-First-serve basis.
The top banker said “quality and inclusive education is a precursor to economic mobility, growth and development of any nation”.
The House said the suspension should be until the CBN, NDIC and AMCON concluded all processes for an open, transparent, and competitive bid process.
The vice president warned that blockchain technology, if not absorbed into the system, might disrupt central banking globally.
