By NewsBits
As promised by the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, President Muhammadu Buhari earlier today unveiled the re-designed N200, N500 and N1000 notes at the commencement of the weekly meeting of Federal Executive Council.
Buhari was flanked by cabinet officials, including the CBN Governor himself, Godwin Emefiele, while unveiling the redesigned N1,000, N500 and N200. The new Naira notes will become legal tender commencing from December 15, while the old ones will cease to be legal tender effective February 1, 2023. The CBN governor had yesterday said the government can no longer wait till December 15 to unveil the new currencies, which is the first time in 19 years that Nigeria will be redesigning some of her currency notes.
