Quick facts you need to know about the redesigned new naira notes

It is no longer news that the Central Bank Governor, Godwin Emefiele, has said that the apex bank would redesign the country’s currency.

Emefiele made this announcement on Wednesday, amid mixed reactions from Nigerians.

As Nigerians continue to express divergent reactions to the decision off and online, IDOMA VOICE highlights ten quick facts about the new note. 

  • Affected denominations are; 200, 500, 1000 notes.

  • The new notes will be released for public use on December 15, 2022.

  • Old notes and the new notes would circulate together until January 31, 2023 when the old notes would cease to be legal tender.

  • Action was taken in order to take control of the currency in circulation.

  •  The Naira has not been redesigned in the last 20 years.

 

Egwu Emmanuel

Egwu covers tourism and entertainment

Recent Posts

Soaring rice prices threaten Christmas celebrations for Nigerian families

Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…

1 day ago

Panic as Stage collapses during Odumodublvck’s performance at Lagos concert

Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…

1 day ago

2025 Budget: FG allocates ₦6.36bn for renovation of Tinubu, Shettima’s official quarters

The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…

1 day ago

Black Market Dollar to Naira Exchange Rate Today 22nd December 2024

The black market dollar to naira exchange rate for today, 22nd December 2024, can be…

1 day ago

NNPC debunks shutdown rumors, confirms fuel loading at Port Harcourt Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…

1 day ago

‘We have to find a way’ – Guardiola laments after defeat to Aston Villa

Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…

1 day ago