Today 3 December, 2022

BREAKING: President Buhari unveils redesigned new Naira Notes

BREAKING: President Buhari unveils redesigned new Naira Notes

President Muhammadu Buhari has formally unveiled three redesigned bank notes. These are N200, N500 and N1,000. The event took place at the State House in Abuja.

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Recall that the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, had announced on October 26, 2022 that the apex Bank will issue the redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January 31, 2023.

But, in a new twist on Tuesday, the CBN Governor told journalists that the new notes will now be unveiled for public usage this Wednesday.

He made the disclosure in Abuja on the sidelines of the CBN Monetary Policy Committee (MPC) meeting.

Emefiele said the apex won’t shift its deadline for all old notes to be returned to commercial banks in exchange for the newly designed ones.

Details soon…..

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