Buhari will introduce new Naira banknotes on Wednesday

President Muhammadu Buhari will introduce the newly redesigned Naira banknotes on Wednesday, November 23, 2022.

That is in line with the Central Financial institution of Nigeria (CBN).

CBN Governor, Godwin Emefielerevealed this on Tuesday whereas answering questions from a reporter on the financial coverage committee (MPC) assembly in Abuja.

On October 26, Emefiele introduced the plan to revamp the naira to manage the cash provide and assist safety companies fight illicit monetary flows.

The governor had mentioned that the brand new banknotes (N200, N500 and N1000) will come into impact from mid-December 2022.

Nevertheless, on Tuesday, Emefiele mentioned the financial institution will not wait till December 15 to “reveal and launch” the brand new be aware.

He mentioned the inauguration will now be held tomorrow, 23 days forward of schedule, by Buhari.


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