New naira notes

2022 - 12 - 14

central bank of nigeria

Post cover — Image courtesy of "CHANNELS TELEVISION"

Commercial Banks Dispense New Naira Notes (CHANNELS TELEVISION)

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele had on October 26, 2022 said the apex bank will issue redesigned N200, N500, and N1,000 notes ...

The Senate and House of Representatives have kicked against the policy and asked the apex bank to adjust its withdrawal limits but the CBN said there is no going back on the policy. However, the Peoples Democratic Party (PDP) and some eminent Nigerians including Governor Godwin Obaseki of Edo State as well as the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, have faulted the naira redesign as having no basis in economics. The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele had on October 26, 2022 said the apex bank will issue redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January 31, 2023.

Here's What Nigerians Will Do With the New Naira Notes (Zikoko!)

The long-awaited day is finally here. Today, December 15, 2022, the Central Bank of Nigeria (CBN), under Godwin “Meffy” Emefiele's orders, will publicly ...

Because I’m not ready to buy fish by the roadside and have to start explaining that the new denominations are legit. I’ll probably give them the new notes and tell them about the new policy. I don’t want to be fully dependent on the new notes because I don’t know if they’ll be generally accepted. I just don’t use cash much but for the people who pack my dirt and clean my office, I pay them in cash. Naira is useless, so I’ll basically spend them lol. So to be safe, I’ll definitely not spend them until next year when I’m certain that’s what everyone is using. But I think I’ll still use the old naira notes until they’re completely phased out. How are we sure that when the new notes get dirty and start fading they won’t look like what we currently have? On what I’m going to do with the new notes? You may offer someone the new notes and they’ll say they want the old one. Besides, there’s no difference between the old and new notes — just shades of colour. The notes are average.

New naira notes 2022: Nigeria money wey currently dey in ... (BBC News)

Aside dis newly redesigned bank notes, di apex bank also introduce new weekly cash withdrawal limit. From January, dem say customers go only fit withdraw a ...

CBN say dem wan reduce di amount of cash wey dey in circulation. Di notes wey currently dey in circulation na ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000. Foto of Nigeria naira notes wey currently dey in circulation

New Naira Notes: Ibadan Residents Disappointed Over Non ... (Radio Nigeria Ibadan)

Residents of Ibadan, the Oyo State capital, today besieged banks' Automated Teller Machines, ATM points with excitement to withdraw new naira notes but were ...

“ “One of the residents said, “Am not surprised this is Nigeria, the apex bank that promised the new naira notes in circulations today had failed because this is almost noon and am yet to receive new notes.” Some customers at the ATM point who were anxious to withdraw new notes alleged that commercial banks were hoarding the new notes.

New naira: Expect artificial scarcity – Experts tell Nigerians (Daily Post Nigeria)

As the newly redesigned naira notes commence circulation on Thursday, financial experts worried that there may be an artificial scarcity of the new.

[On] the issue of the availability of the new notes, Nigerians should not lose their sleep over it, no need for panic,” he stated. He said: “There is bound to be teething problems as the ATMs must be configured to accommodate the new notes. “No matter how perfect the situation is, there is always room for improvement.

New Naira Notes Hit Circulation – Voice of Nigeria (Voice of Nigeria)

The newly redesigned naira notes are now in officially in circulation as from today, Thursday 15th of December, 2022 with Deposit Money Banks releasing the ...

Though several criticisms have trailed the announcement and unveiling of the notes as well as the deadlines on the old notes, the Governor of the Central Bank of Nigeria, Godwin Emefiele had said there was no backtracking on the withdrawal of the old notes and unveiling of the new notes. The newly redesigned naira notes are in the N200, N500 and N1,000 denominations. Nigeria’s newly redesigned naira notes are now in circulation as Deposit Money Banks today began dispensing the bills to their customers through over-the-counter payments.