NIGERIA:President Muhammad Buhari to unveil redesigned naira notes Tomorrow.

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NIGERIA:
President Muhammad Buhari to unveil redesigned naira notes Tomorrow.

By Wakeel Ola


Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele made it known during the apex bank’s Monetary Policy Committee monthly meeting in Abuja, that "President Muhammadu Buhari will unveil the redesigned naira notes on Wednesday, November 23" he stated

The CBN governor said the bank decided not to wait till the initial Thursday, December 15 date of unveiling the redesigned naira notes. He explained that the early unveiling will help hasten the phasing out of the existing naira notes.

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

“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,” Emefiele said.


“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.” He further stated.


Emefiele said that existing notes would seize to be regarded as legal tender by January 31, 2023.



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