Skip to main content

BREAKING: Central Bank Of Nigeria Redesigns N200, N500, N1000 Naira Notes.

The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes, the notes are N200, N500, N1000 notes respectively.

The new notes will take effect by December 15, 2022.

Emefiele, said an approval has been received by the bank from President Mohammadu Buhari to redesign the notes.

He said the decision would impact the value of the naira positively.

"Therefore, bank charges for cash deposit are hereby suspended with immediate effect.”

He further disclosed that over 80 per cent of the total cash in circulation was outside the banking system.

“N2.73 trillion out of N3.23 trn exists outside the commercial bank,” he added.



Comments

  1. Anonymous26 October 2022 at 11:38

    This is our least problem in this country!! Redesigning low currency 😂😂😂

    ReplyDelete
  2. Anonymous26 October 2022 at 11:40

    I hope they make it equal to dollar 😂

    ReplyDelete
  3. Anonymous26 October 2022 at 11:49

    Next now is to announce all old currency back to cbn...making the poor masses to suffer!!

    ReplyDelete
  4. Anonymous26 October 2022 at 12:30

    This is the height of senselessness. I feel very sorry for this Buhari led government

    ReplyDelete

Post a Comment

Type your comments here

Popular posts from this blog

Israel To Pump Water From The Mediterranean sea, To Top Up The Sea Of Galilee

  The Sea of Galilee, Israel, despite its name, the Sea of Galilee in northern Israel is actually a freshwater lake, and it's one that has sustained life for millennia. Even today, the lake irrigates vineyards and local farms that grow everything from green vegetables to wheat and tangerines. Its archeology, hot springs and hiking trails bring tourism and livelihoods for local communities. But this place of religious pilgrimage — where the New Testament says many of Jesus' miracles were performed — is facing a bleak future, CNN reports. The climate crisis is causing huge fluctuations in the lake's water levels. Now it happens to be fairly full, but just five years ago, it hit a record low. Climate change and unsustainable water management are leaving lakes dried up all over the Middle East and beyond, but the Israeli government is hopeful it has a solution: It plans to pump water from the Mediterranean sea, take the salt out of it and send it across the country to top up th...
4 comments
Read more

Maitama, Abuja - One Shot Dead As Suspected ‘Kidnappers’ Strike

  One person was gunned down when men suspected to be kidnappers attacked Gana Street in Maitama, Abuja. The incident is said to have occurred at about 8:46pm on Wednesday. According to the Daily Trust,  a resident, who pleaded anonymity, told Daily Trust that the victim was killed while trying to rescue a man that was being forced into a black Prado SUV by the suspected kidnappers. He specifically said the SUV was parked at Number 44 Gana street where the victim was shot in the head by one of the suspects and he died immediately. The source added that the suspects escaped with their victim while the body of the deceased was still on the street at the time of the incident. He added that this is the second incident happening at the same Gana street in the past few weeks. The resident said some persons loitering around the place may be behind the attacks. He said the boys loitering around area usually target pharmaceutical stores and supermarket in Maitama, alleging that police ...
Post a Comment
Read more

The Economic And Financial Crimes Commission (EFCC)-Arrest The Accountant General Of The Federation, Ahmed Idris

The Economic and Financial Crimes Commission (EFCC) says it has arrested the Accountant general of the Federation, Ahmed Idris, in connection with diversion of funds and money laundering activities to the tune of N80bn. The Spokesman for the EFCC, Wilson Uwujaren, said this in a statement on Monday titled, ‘EFCC arrests Ahmed Idris, Accountant General of the Federation, for N80bn Fraud’, that is about $200m (£162m) of public funds. The commission said Mr Idris had used family members and close associates to defraud the government and invest the proceeds in real estate in Nigeria. EFCC spokesman Wilson Uwujaren said Idris was arrested after failing to honour the Commission’s invitations. “The Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates,” Uwujaren said in a statement. “The funds were laundered through real estate investments in Kano and Abuja.” There ...
3 comments
Read more