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    4G base stations in Nigeria hit 39,006, data crashes from N1200 to N350 – Pantami

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    PANDEF hails Buhari over Arase’s appointment as PSC Chairman

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    President Buhari’s new year message 

    Buhari inaugurates $1.5bn 1st deep sea port in Lagos

    Nigeria begins bid to overturn $11bn P&ID debt — trial to last eight weeks

    Nigeria begins bid to overturn $11bn P&ID debt — trial to last eight weeks

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Buhari unveils new Naira notes

November 23, 2022

President Muhammadu Buhari has unveiled the new currency notes on Wednesday morning before the federal executive council (FEC) meeting at the state house, Abuja. Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele was in attendance during the unveiling ceremony.

new 1000 notes
New 500 notes
New 200 notes

Meanwhile, at a briefing after the ceremony before the Federal executive council meeting, the CBN governor debunked insinuations that the early unveiling of new notes is a means to target any Nigerian. Mr Emefiele appealed to members of the public that there is no need to perpetuate any such information. According to him, the CBN will intensify the monitoring process and interrogate the process of withdrawals.

He maintained that there will be heavy restriction on the volume of cash that people can withdraw over the counter, as it works with the EFCC to monitor the purpose of any heavy transactions. The redesigned currency note he asserts can never be counterfeited, adding that to forestall such occurrence he states that the CBN redesign the notes after every five to eight years.

Following the unveiling of the new note which begins circulation today, the CBN governor announced that the CBN is now more determined to make Nigeria a cashless economy, as in other climes.

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