The Nigerian Security Printing and Minting, NSPM, has said that the ink stains from the new Naira notes are security features that will enable Nigerians easily identify fake naira notes. This is contained in a statement issued on Friday, 6th January, 2022,…
The Senate has urged the Central Bank of Nigeria, CBN, to extend its deadline of phasing out of circulation of old N1,000, N500 and N200 notes from January 31st to June 30th, 2023. Senator Ali Ndume Senator Ali Ndume, representing Borno South,…
Commercial banks in major cities in Nigeria have started dispensing the newly redesigned naira notes to over-the-counter customers. This came after Central bank of Nigeria, CBN’s announcement that the newly redesigned naira notes would go into circulation today, Thursday 15th December 2022.…
Commercial banks in Nigeria have been instructed by the Central Bank of Nigeria, CBN, to operate on Saturdays up until 31st January, 2023. This is to enable bank customers return their old Naira notes in exchange for new ones. This directive is…
Godwin Emefiele, governor of the Central Bank of Nigeria, CBN, has announced that the bank would release re-designed Naira notes by December 15, 2022. Emefiele disclosed this at a press briefing in Abuja today, 26th October 2022. Godwin Emefiele The governor said…