Naira Redesign

Buhari opens up on reason behind approval of Naira redesign

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President Muhammadu Buhari celebrated the new Naira banknotes’ domestic production by the Nigerian Security Printing and Minting (NSPM) PLC at their unveiling on Wednesday, November 23, in Abuja. The president gave a detailed explanation of the reasons behind his consent for the Central Bank of Nigeria (CBN) to redesign the 200, 500, andContinue Reading

CBN unveils countdown clock to commencement of Naira redesign

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The Central Bank of Nigeria (CBN) has posted a countdown clock on its website for the expiration of the N200, N500, and N1,000 notes now in use on January 31, 2023. The Naira redesign policy, which the apex bank had stated, called for the printing of new notes in theContinue Reading