In a quest to give the Naira Note a new look, the Central Bank of Nigeria (CBN) has redesigned some new naira notes.
Godwin Emefiele, CBN governor, said this at a press conference on Wednesday.
Emefiele said the new design and issues will be effective from December 2022.
He advised Nigerians to take old notes to banks for the new notes.
According to Emefiele, the new notes include N200, N500 and N1000.
Naira Crisis: CBN authorizes use of old notes
The Governor of Anambra State, Prof. Charles Soludo, confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits.The Daily Post reports that Soludo, a former CBN governor, made this known in a statement he posted on his social media handles.He explained that the Governor of CBN, Godwin Emefiele, gave the directive at a Banker’s Committee meeting on Sunday.He added that Emefiele personally confirm...
Naira Policy: CBN has Directed Banks to Accept & Collect Old Notes - Soludo
The former CBN governor and incumbent Governor of Anambra state, Prof Charles Soludo has confirmed through a press release that commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers.Soludo also insisted that tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.The Governor of the CB...
Naira Redesign: CBN silence keeps banks, business owners in confusion
The apex bank has remained silent days after the Supreme Court invalidated the Central Bank of Nigeria's Naira redesign policy.However, according to Daily Post investigations, some commercial banks have started paying their customers with old N500 and N1000 notes.The Daily Post visited several large banks in the nation's capital and discovered that Guarantee Trust Bank was paying customers in N500 and N1000 notes along Ahmadu Bello Way, Area 11, and Area 3 in Garki....
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.