Nigeria to ditch tougher polymer for paper banknotes
Nigeria is to revert to paper banknotes, the country's central bank has announced, in a policy switch bucking a growing trend around the world for tougher polymer-based currency.
The Central Bank of Nigeria (CBN) signed a deal in 2006 with Australia's Securency International to print lower more - circulated units of the naira in polymer, while higher denominations were kept in paper form.