Buhari to unveil redesigned naira notes tomorrow


Godwin Emefiele, Governor of the Central Bank of Nigeria, has announced that President Muhammadu Buhari will unveil the newly designed naira notes on Wednesday.

Emefiele made the announcement on Tuesday during the Monetary Policy Committee’s monthly meeting in Abuja.The newly designed naira notes are N1,000, N500, and N200 notes.

The governor stated that the apex bank would not postpone the January 31, 2023 deadline for all old notes to be deposited with commercial banks.

On October 26, 2022 Emefiele announced that the CBN would issue the redesigned N200, N500, and N1,000 notes, effective December 15, 2022. However he has said the CBN will not wait till December 15 but will unveil on Wednesday, November 23, 2022 (tomorrow).

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.”