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

The Nigeria Centre for Disease Control (NCDC) has confirmed three more cases of the Omicron variant of the COVID-19.

  The Nigeria Centre for Disease Control (NCDC) on Tuesday 7th of December 2021, has confirmed three more cases of the Omicron vibrant. They disclosed this in a statement, bringing the total number of confirmed cases of the Omicron variant detected in Nigeria to six. Three cases had earlier been announced on December 1. All the Omicron cases so far were detected in persons with recent travel history to South Africa in November. “The NCDC through the National Reference Laboratory (NRL) continues to coordinate genomic surveillance activities across the country to sequence all positive COVID-19 samples from international travellers arriving in Nigeria,” the statement read. “This includes sequencing of positive samples from international travellers from October 2021 to date. The Delta variant remains the dominant variant and so far, we have not seen the replacement of this variant by the new Omicron variant as observed elsewhere. “The Omicron variant is a source of global concern becau...
Post a Comment
Read more

President Muhammadu Buhari Confers The Grand Commander Of The Order Of Niger, GCON, On Ibrahim Tanko, Ex-Chief Justice Of Nigeria (CJN), Who Only Just Resigned. New CJN SWORN IN.

Justice Olukayode Ariwoola, New CJN Justice Tanko Ibrahim resigned as the Chief Justice of Nigeria on Monday. President, Major General Muhammadu Buhari (retd.), swore in Justice Olukayode Ariwoola as the acting CJN. In a brief ceremony which was witnessed by Vice President Yemi Osinbajo, Chief of Staff to the President, Prof. Ibrahim Gambari, the Attorney General of the Federation, AGF and Minister of Justice, Abubakar Malami and some Justices the of Supreme Court.                     Ibrahim Tanko Ex CJN The immediate past CJN Ibrahim Tanko was on Monday conferred with The Grand Commander Of The Order Of Niger, GCON Justice Olukayode Ariwoola, was also sworn-in as the Acting CJN,  at the Presidential Villa, Abuja.             Justice Olukayode Ariwoola, New CJN The Grand Commander of the Order of Niger, GCON, is second to the highest honour in the country. President Buhari showered encomium at Tan...
1 comment
Read more

The World News In A Flash

CGTN NEWS: ▪COVID-19: Over 100,000 hospitalized in U.S. for 1st time in 4 months. ▪Swedish King, Queen test positive for COVID-19. ▪French lawmakers debate controversial COVID-19 ‘vaccine passes’. ▪OPEC+ agrees to increase oil output. ▪Japan, U.S. ministers to hold 'two-plus-two' talks. ▪Attack hits U.S. military camp in Iraq. ▪WHO official warns of newer, more dangerous coronavirus variant. ▪DPRK fires unidentified projectile towards eastern waters. ▪U.S. reports over 1m COVID-19 cases in a day, setting global record. ▪CES consumer technology show takes place in Las Vegas and online. ▪The sports of the Beijing 2022 Winter Olympics. ▪U.S. alpine skiers expecting to compete at the Beijing Winter Olympics. ▪Quick-thinking AI robots sort waste, boost recycling in Finland. ▪Who will be Italy's next President? ▪CES consumer technology show takes place in Las Vegas and online. ▪The sports of the Beijing 2022 Winter Olympics. ▪Kazakh govt resigns, emergencies declared in cities, p...
2 comments
Read more