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.”
Anti-Corruption
EFCC arraigns ex-Port Harcourt Refinery Ltd MD over alleged money laundering
The EFCC, in the charge marked: FHC/ABJ/CR/360/2026, named Mr Dikko and Masterpiece Projects & Investment Ltd as first and second defendants.
Faith
2026 hajj most successful in Kano pilgrims board’s history: DG
Mr Ibrahim-Matawalle said the board effectively managed challenges relating to pilgrims’ luggage despite operational difficulties at Saudi airports.
Agriculture
Kogi IFAD-VCDP distributes farm inputs, cargo tricycles to 572 farmers
The Kogi government has distributed farm inputs and cargo tricycles to 572 rice and cassava farmers.
Education
Nigeria’s economic growth hinges on technology, innovation: UniCal VC
Mr Offiong said this on Wednesday in Calabar while declaring the Chemical Society of Nigeria’s second annual conference open.
Health
Only 22 million out of 240 million Nigerians on health insurance, says NHIA
The National Health Insurance Authority says the number of Nigerians enrolled in health insurance has risen to more than 22 million.
States
Delta: NDLEA says 36 hectares of cannabis farm destroyed
NDLEA says it destroyed 36.2 hectares of suspected cannabis plantation and seized N450 million worth of illicit drugs in Delta over the last year.
