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Tag: Naira redesign
Why Nigerian traders are rejecting new naira notes
Some traders have given reasons for rejecting the new naira notes six days after they went into circulation. Among the reasons given by the traders is the fear of counterfeits,…
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EFCC, Police Speak On Viral Video Of Old Naira Notes
The Economic and Financial Crimes Commission, Makurdi Office and Benue State Police Command have debunked the reports trending on social media of alleged discovery of old naira notes in the…
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Naira redesign: Presidential endorsement not sufficient to legitimise process – Falana
HUMAN rights lawyer, Femi Falana, has faulted the recent endorsement of the naira redesign by President Muhammadu Buhari, saying it does not translate to legitimising of the policy. Falana made…
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CBN blames limited time for ‘simple’ design of new naira notes
THE Central Bank of Nigeria (CBN) has explained that limited time to tackle the problems of counterfeiting and hoarding of currency was the reason for the simple appearance of the…
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Naira redesign: 85% of currency in circulation outside banking system – Emefiele
GOVERNOR of the Central Bank of Nigeria (CBN) Godwin Emefiele has revealed that 85 per cent of the currency in circulation in Nigeria was outside the banking system. Emefiele spoke on Friday, November…
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CBN tells Nigerians in diaspora: We will not wait for you to bring your naira
The Central Bank of Nigeria (CBN) has informed Nigerians in the diaspora that it will not wait for them to return their old N200, N500, and N1000 banknotes. The CBN Governor Godwin…
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Why I approved redesign of naira notes ~President Buhari
President Muhammadu Buhari on Wednesday in Abuja launched the new Naira banknotes, expressing delight that the redesigned currencies are locally produced by the Nigerian Security Printing and Minting (NSPM) PLC.…
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FG Unveils New Naira Notes
President Muhammadu Buhari on Wednesday, November 23, 2022, unveiled the new N100, N200, N500, and N1,000 notes. The release of the new naira denominations was originally scheduled for mid-December, but Governor…
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Senate Backs CBN On Naira Redesign
The Senate says it will provide legislative support to the Central Bank of Nigeria, CBN, for the redesign of the N1,000, N500 and N200 naira notes. The Senate made the…
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No going back on Naira redesign by CBN
President Muhammadu Buhari has said there was no going back on the planned redesign of the N1,000, N500, and N200 bank notes. President Muhammadu Buhari made his position known in…
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