Categories: Business

BREAKING: CBN Redesigns Three Naira Notes

The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes.

He said the bank had obtained approval from President Mohammadu Buhari to redesign N200, N500, N1000 notes, adding that the new notes will come into effect by December 15.

READ ALSO:

Emefiele said: “Bank charges for cash deposit are suspended with immediate effect.”

He further disclosed that over 80 percent of the total cash in circulation is outside the banking system.

Emefiele said: “N2.73 trillion out of N3.23 trn exist outside the commercial bank.”

He said the decision will impact the value of the naira
Trends Admin

Recent Posts

Prof. Abdur‑Razaq Alaro Warns Misusing Orphans’ Wealth Could Lead to Hellfire

Prof. Abdur‑Razaq Alaro Warns Misusing Orphans’ Wealth Could Lead to Hellfire A Professor of Islamic…

14 minutes ago

Stella Oduah Enters Plea Bargain Deal in N2.5bn Fraud Case

Stella Oduah Enters Plea Bargain Deal in N2.5bn Fraud Case A Federal High Court in…

1 hour ago

Police Announce Dates, Requirements for 2026 Constable Recruitment Screening

Police Announce Dates, Requirements for 2026 Constable Recruitment Screening The Nigeria Police Force (NPF) has…

1 hour ago

NNPC Raises Petrol Price to ₦933 in Lagos, ₦960 in Abuja

NNPC Raises Petrol Price to ₦933 in Lagos, ₦960 in Abuja  The Nigerian National Petroleum…

1 hour ago

Yul Edochie Blasts Arise TV Anchor Rufai Oseni in Viral Video

Yul Edochie Blasts Arise TV Anchor Rufai Oseni in Viral Video Nollywood actor and filmmaker…

2 hours ago

Court Discharges Abba Kyari, Brothers in NDLEA Non-Disclosure of Assets Case

Court Discharges Abba Kyari, Brothers in NDLEA Non-Disclosure of Assets Case A Federal High Court…

2 hours ago