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

In The Spotlight

Ed Sheeran shared a rare photo with his wife Cherry Seaborn as she turns 30 years old. The singer posted a sweet snap of him cuddling up to Cherry in a hammock on a sunny day. Ed shared the photo on Instagram, he wrote, “HBD to ma baby mama. 30 looks good on you.” To the delight of his 38 million Instagram followers. In the picture, Cherry holds a bottle of drink, as she stares adoringly at her childhood sweetheart, Ed Sheeran. Ed is a mega superstar and famous around the world, he remains incredibly private when it comes to his personal life.
Post a Comment
Read more

Aisha Buhari Refutes Posting A Release Saying That The Central Bank of Nigeria Has Extended The Validity Of The Old Naira Note By 70 Days

The First Lady, Aisha Buhari Denies Posting The Release Saying That The Central Bank of Nigeria Has Extended The Validity Of The Old Naira Note By 70 Days. In another post on the same verified Instagram handle, Mrs. Buhari denied posting the release that : Nigeria (CBN) had extended the validity period for old N,1000 and N500 notes by another 70 days. She alleged her account had been hacked.  The message, which was later tagged as fake news by the CBN, was sighted on the First Lady’s verified Instagram handle on Tuesday but was later pulled down.
Post a Comment
Read more