The previous N200, N500, and N1000 notes, as well as the newly designed notes, are still valid until December 31, 2023, according to a CBN announcement on Monday. The decision was made at a Bankers Committee meeting, according to a statement made by its Acting Head of Corporate Communications, Alhaji lsa AbdulMumin. “In compliance with Read More…
Godwin Emefiele, the Governor of the Central Bank, has urged commercial banks to go to apex bank locations all around the nation to obtain the new naira notes. Emefiele conveyed the decision on Wednesday in Lagos when the apex bank visited Computer Village, Ikeja, as part of its awareness-raising tour about the acceptance of the Read More…
The Central Bank of Nigeria says that its most recent project, redesigning the naira, will help the country’s many security problems, which range from terrorism to kidnapping, get better. Shamsudeen Imam, Senior Manager, Currency Operations Department, CBN, stated at a programme on Tuesday at the Gombe International Market that circumstances where criminals demanded ransom would Read More…
In order to prevent hoarding and counterfeiting, economists have encouraged the Central Bank of Nigeria (CBN) to take strict control of the quantity of the redesigned naira notes it would allow into circulation. Prior to the Dec. 15 launch of the revised notes (N200, N500, and 1000), the experts provided guidance in separate interviews with Read More…
The new N200, N500, and N1000 notes were introduced by President Muhammadu Buhari on Wednesday at the Council Chamber of the Presidential Villa in Abuja. The Federal Executive Council (FEC) meeting, which was held virtually with a number of cabinet members present, was preceded by the release of the new naira notes. The Central Bank Read More…
