Thursday, April 25, 2024

Netflix trolls CBN repainting of naira notes

In a tweet on Wednesday, the streaming service took a subtle shot at the CBN in the #NairaRedesignChallenge

• November 24, 2022
Netflix logo redesign

Global streaming platform Netflix has joined a slew of Nigerians in mocking the new naira notes that were released on Wednesday.

In a tweet on Wednesday, the streaming service took a subtle shot at the central bank by participating in the #NairaRedesignChallenge, in which participants post pairs of personal photos – one in its natural colour and the other edited – to show what they claim the CBN had done to the original currencies.

Recall that on Wednesday, before the Federal Executive Council (FEC) meeting at the State House in Abuja, President Muhammadu Buhari introduced the newly redesigned naira notes.

The federal government plans to phase out outdated naira notes with the newly redesigned N200, N500, and N1,000 notes by January 2023.

Mr Buhari said during the launch that the redesign was to curb counterfeiting and hoarding of greater denominations of the country’s currency outside the banking sector.

The new banknotes unveiled have elicited criticisms with Nigerians questioning the essence of the change which they say is more of recolouring than redesigning.

Nigerians had anticipated the revised currencies’ appearance would undergo a substantial transformation. However, the only notable alteration is a slight colour change.

Governor of the Central Bank of Nigeria, Godwin Emefiele, had in October announced a naira redesign policy for 200, 500, and 1,000 naira notes respectively.

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

Katsina State

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.”

India flag

World

Remotely piloted aircraft crashes in India’s Rajasthan

A probe has been ordered to determine cause of the crash

FRSC

States

FRSC to sanction one-way drivers on Lagos-Ibadan Expressway

The sector commander said that the vehicles of offenders would be impounded.

NationWide

We pay over 500 retirees in Nigerian universities every month, says NUPEMCO

“I think that has made life easier for the retirees who are enjoying the benefits.’’

Gavel used to illustrate the story

States

Court remands man for alleged armed robbery

The prosecutor said that the complainant’s mobile phones were eventually tracked to the suspect.

Fire (Credit: PM NEWS)

NationWide

Fire breaks out at MMIA, flight operations diverted to D-Wing

Mrs Orah said that efforts to ventilate the smoke from the building were in progress.