The Naira Redesign refers to the recent initiative by the Central Bank of Nigeria to update the design of the country's currency, the Naira. This move aims to enhance security features, curb counterfeiting, and promote a more modern image of the currency. The redesigned notes include new colors and improved materials to make them more durable. Additionally, the Naira Redesign is part of a broader effort to manage the money supply and encourage the use of digital transactions. By introducing new banknotes, the Central Bank hopes to facilitate a smoother transition to a cashless economy while ensuring that the public is well-informed about the changes.