According to Emefiele, the new notes include N200, N500 and N1000.The CBN Governor, Godwin Emefiele, who disclosed this while addressing journalists on Wednesday, said the new design and issues will be effective from December 2022.According to Emefiele, the new notes include N200, N500 and N1000.
SaharaReporters had in September 2022 reported that following the simultaneous increase in interest rates, the World Bank Group warned the CBN and other central banks around the world of the possibility of a worldwide economic recession. The apex bank in Nigeria earlier unexpectedly raised its monetary policy rate by 150 bps to 13 percent at its May 2022 meeting, against market expectations of 11.5 percent, bringing borrowing costs to the highest since April 2020.
If only they can have small sense and scrab out the above mentioned it will atleast give naira an edge
Does Buhari have the presence of mind to ever question these government officials. 3 months to a presidential election, you want to change the currency?
5k naira note is coming
5k is coming
I had expected scrapping these notes, making N100 note highest. This would have greatly reduce kidnap for ransom among other benefits of using lower notes. As it will involve movement of large volume of cash in N100 notes
USELESS COWRENCIES
Will that improve the value of the Naira?
This shouldn't even be in the list of a country's problems let alone talking about it.
NGRPresident should use the money that will be spent in redesigning and printing of the new Naira notes to settle ASUU
Maybe by redesigning it it will add more value, congrats to them on the new loot.
Na redesign be our problem now. Busy chasing shadows.
Hahaha ... Defacing the Naira notes is better than redesigning . Afterall , Nigerians are morally bankrupt and fantastically corrupt .MAD PEOPLE EVERYWHERE .
Would this development changes our current state of our economy What a failed country
They should make it smaller
Impossible.
Wasting of money... All these things are not necessary 🙄🙄
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