CBN Redesigns Naira, To Commence Circulation December 15

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Some new Naira notes have undergone a redesign, the Central Bank of Nigeria (CBN), announced on Wednesday Godwin Emefiele, CBN governor, made this known at a press conference, saying that the new design and issues would be effective from mid-December 2022. He listed the new notes to include N100, N200, N500 and N1000, just as he advised Nigerians to take old notes to banks to enable them withdraw the new banknotes once circulation begins. Speaking on the motivation for the change, the CBN governor explained that the decision was reached…

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