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
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.”
NationWide
Jonathan mourns Ayogu Eze
The former president commiserated with the Eze family, his political and professional colleagues in the media.
States
Ministry of agriculture rescues 40 cows affected by fumigated rice farm
Mr Olugbon warned that any unregistered abattoir would be raided.
Politics
Ondo 2024: Ayeni emerges NNPP governorship candidate
“I want all members to be together, and get prepared for the main election in November,” he said.
Economy
Prices of rice, beans, garri, others rose in March: NBS
“On a month-on-month basis, the price increased by 4.79 per cent from the N1,177.93 recorded in February 2024.”
States
NSCDC nabs five suspects for illicit drug dealing, cultism, fraud
He urged the general public to make available information and facts that could assist in sanitising the environment of criminal elements.
Heading 3
Tinubu appoints heads of NESREA, NDRBDA
He said that the President expected that the new heads of these important agencies to discharge their duties with utmost fidelity to the nation.