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

Breaking! Governorship, State Assembly Elections Postponed By The Independent National Electoral Commission (INEC) To March 18, 2023

The Independent National Electoral Commission (INEC) has reached a decision to postpone Saturday’s governorship and state assembly elections to March 18, 2023. The postponement was due to the commission’s inability to promptly commence reconfiguration of the Bimodal Voter Accreditation System (BVAS) machines utilized during the February 25 presidential election to enable their use in the state elections. INEC was earlier restrained from tampering with the information embedded in the BVAS machines until due inspection was conducted and Certified True Copies (CTC) issued to candidates who are challenging the outcome of the presidential election.
1 comment
Read more

Gov. Ben Ayade’s N25 Million Donation To Church Rejected By Catholic Bishop

Catholic Bishop of Uyo Diocese, John Ebebe Ayah recently turned down an offer from the Cross Rivers State Governor, Ben Ayade to his church. He advised the Governor to use the money to pay the salaries of workers in the state.' his was captured in a viral video online. Governor Ayade of Cross Rivers State made a donation of N25 million on behalf of the state government, his family and the judiciary. He was a special guest of honour in the church service in Calabar. Almost immediately, the Bishop requested to respond to the gesture and the Governor's speech. Bishop Ayah expressed appreciation to the governor and urged him to use the money to pay workers’ salaries. The members of the congregation were surprised but applauded the Bishop for his remark via a round of applause. The Bishop said: “I want to talk. The governor is my brother, we are both from Cross River North. I want to appreciate the governor and tell him to package whatever he has for me, add to it and use it to pay ...
5 comments
Read more

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