By Guardian Nigeria 26 October 2022 | 1:42 pm The Central Bank of Nigeria (CBN) on Wednesday announced plans to redesign the 200, 500, and 1,000 naira notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. Emefiele said the redesign will take effect from Thursday, December 15, 2022. He also said that existing notes would seize to be regarded… (FILES) This file photo taken on January 28, 2016 shows shows naira banknotes, Nigeria’s currency, in Lagos.Nigeria’s shortage of foreign currency nightmare goes on and affects now the whole country’s economy. / AFP PHOTO / PIUS UTOMI EKPEI The Central Bank of Nigeria (CBN) on Wednesday announced plans to redesign the 200, 500, and 1,000 naira notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. Emefiele said the redesign will take effect from Thursday, December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The CBN said that it is worrisome that 85 per cent of the currency in circulation is being hoarded by Nigerians. He further urged Nigerians to proceed to their banks to deposit their Naira notes, adding that the deposit fee would be waived for transactions below N150,000. Emefiele added that the redesigning of Naira notes would help to curb counterfeit notes, as well as hamper ramson payment to terrorists and kidnappers. Latest 6 mins ago The Lagos State Traffic Management Authority (LASTMA) has cautioned motorists obstructing the free flow of traffic while queuing up for fuel at different filling stations to desist. The General Manager of LASTMA Bolaji Oreagba said this in a statement on Wednesday while deploying more officers of the authority on monitoring of traffic around filling stations… 8 mins ago Bobby Madley will referee a Premier League match for the first time in four years on Saturday after losing his job over a controversial video in 2018. Madley was sacked by the refereeing body Professional Game Match Officials Limited (PGMOL) after sending a video mocking a disabled person to a friend. He returned to English… 12 mins ago Movement for the Survival of the Ogoni People (MOSOP) has called on the Federal Government to accelerate the process of resolving the Ogoni crises by exonerating the Environmentalist, Ken Saro-Wiwa, and eight Ogoni activists executed on November 10, 1995. The President, Fegalo Nsuke, in a statement, explained that this has become imperative ahead of the… 17 mins ago The Federal Inland Revenue Service (FIRS) says it has started deducting taxes at transaction points of online betting. 18 mins ago The leader of the proscribed Indigenous People of Biafra, (IPOB) Nnamdi Kanu, has filed an N100 billion fundamental rights enforcement suit against the Federal Government over his continued detention by the Department of State Services, (DSS).
Comments