Nigeria’s President, Buhari to unveil redesigned Naira notes tomorrow

Nigeria’s President Muhammadu Buhari will tomorrow (Wednesday, November 23, 2022) unveil the redesigned naira notes.

Confiance News gathered from Central Bank of Nigeria (CBN) on Tuesday.

Speaking during the apex bank’s Monetary Policy Committee (MPC) monthly meeting in Abuja, CBN governor, Godwin Emefiele, said the bank decided not to wait till the initial Thursday, December 15 date of unveiling the redesigned naira notes.

Emefiele explained that the early unveiling will help hasten the phasing out of the existing naira notes.

CBN is redesigning the N200, N500, and N1,000 notes.

He said: “100 days is enough for any person from any part of Nigeria to deposit his money in the bank and get his money when the new notes are released,”

“For information, indeed, we are no longer waiting till December 15th to unveil and begin to release the new notes.

“By the special grace of God, tomorrow, which is the 23rd of November 2022, the President has graciously accepted to unveil the new currencies and the new currencies will be unveiled tomorrow at the Federal Executive Chamber by 10am.”

Emefiele said the CBN will not shift its deadline for all old notes to be returned to commercial banks in exchange for newly designed ones.

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