ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
No Result
View All Result
Africanian
No Result
View All Result
Home News

Nigeria: President Muhammadu Buhari Unveils New Naira Notes

The unveiling was done at the Council Chambers of the Presidential Villa, Abuja, shortly before the commencement of the FEC

in News
Reading Time: 1 min read
0 0
0
Nigeria: President Muhammadu Buhari Unveils New Naira Notes
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

President Muhammadu Buhari has unveiled the new notes of the three highest denominations of the Nigerian currency: N200, N500 and N1,000.

The unveiling was done at the Council Chambers of the Presidential Villa, Abuja, shortly before the commencement of the Federal Executive Council (FEC) meeting on Wednesday.

READ MORE: Nigeria: Now 62 But Youths Remain the Catalyst for a Prosperous Nation

Speaking at the event, the Governor of the Central Bank of Nigeria, (CBN) Godwin Emefiele, said the introduction of new notes was a deliberate step by the government to check corruption and counterfeiting of the notes.

Mr. Emefiele had earlier said in October that N2.73 trillion of the total N3.23 trillion currency in circulation remained outside the country’s banking system, making it difficult for monetary policies to be effective.

More

Afro Sports: Referee Suspended for Using fan’s Phone to Disallow Goal

United Nations: Water Management Top of Conference Agenda

East Africa: EA Govts Urged to Allocate Proper Water Budget

The old notes would still be valid until the 31st January, 2023. At the bank’s monetary policy meeting on Tuesday, Mr. Emefiele said the January deadline will not be extended

Africanian

Africanian

  • Trending
  • Comments
  • Latest
Dreams Talks: The Work Before the Harvest — A Conversation with Nekesa Were

Dreams Talks: The Work Before the Harvest — A Conversation with Nekesa Were

March 18, 2023
How to make Nigerian Okra Soup Recipe

Nigerian Okra Soup

May 17, 2020
Dreams Talks: Elevating the Sudanese Ecosystem with Savannah

Dreams Talks: Elevating the Sudanese Ecosystem with Savannah

February 12, 2023
Afro Sports: Referee Suspended for Using fan’s Phone to Disallow Goal

Afro Sports: Referee Suspended for Using fan’s Phone to Disallow Goal

March 23, 2023
United Nations: Water Management Top of Conference Agenda

United Nations: Water Management Top of Conference Agenda

March 23, 2023
East Africa: EA Govts Urged to Allocate Proper Water Budget

East Africa: EA Govts Urged to Allocate Proper Water Budget

March 21, 2023
Africanian

Copyright © 2022 Africanian.com.

Follow Us

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

Copyright © 2022 Africanian.com.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.