CBN to change naira notes
Nigeria’s Central Bank has moved to unveil newly designed 200, 500 and 1000 naira notes by the end of the year.
On Wednesday, the apex bank’s governor Godwin Emefiele disclosed that plans were being made to launch new naira notes by December 15, 2022.
Mr Emefiele made the disclosure at a CBN Governor’s special press briefing in Abuja, asking depositors to hit the banks to exchange their old currencies for the new ones before the January 31, 2023 expiration date.
Mr Emefiele said the move has since been approved by President Muhammadu Buhari and other stakeholders and that they were certain that the decision would positively impact the value of the Naira.
The disclosure comes a few days after the CBN celebrated the one year anniversary of the eNaira, Africa’s First Central Bank Digital Currency (CBDC) launched by Mr Buhari October 25, 2021.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
NNPC signs six strategic gas deals to boost industrialisation, energy security
NNPCL has signed six strategic agreements with key industry partners to deepen gas utilisation, strengthen energy security and accelerate Nigeria’s gas-based industrialisation drive.
Economy
Renaissance announces major oil discovery offshore Nigeria
Renaissance Africa Energy Company Limited has announced a significant hydrocarbon discovery following the successful delivery of the JK-004 exploration well.
Diaspora
Top five crimes that land Nigerians in U.S. prisons
At the top of the list of crimes for which the 3,968 Nigerians were jailed was fraud, bribery and extortion, the document stated.
States
Two suspects in Oyo-Iwo Expressway armed robbery nabbed: Police
The police command in Oyo state said it has arrested two suspected armed robbers and recovered a firearm linked to a robbery along the Oyo-Iwo Expressway in Afijio.
Heading 4
Done Global CEO Ruthia He sentenced to 72 months, fined $90 million for distributing millions of Adderall pills
As the investigation closed in, Ms He continued to move assets and company operations abroad. She researched non-extradition countries on her MacBook and saved a screenshot of the results.
Africa
Grassroots support crucial to fighting irregular migration, says ECOWAS parliament
The ECOWAS Parliament says grassroots engagement is crucial to developing more effective regional policies to address the growing menace of irregular migration across West Africa.
