Five Things You Should Know About Naira Redesign

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the N200, N500 and N1000 notes would be redesigned.

Below are what you need to know about the Naira redesign:

  1. The new redesigned N200, N500 and N1000 notes will be out on December 15, 2022.
  2. Old notes would still be in circulation until January 31, 2023 after which they cease to be legal tender.
  3. Every one has to deposit their old N200, N500 and N1000 notes to the bank.
  4. Charges on all deposits have been suspended by the CBN during this period.

5. Banks are expected to extend the number of days they work during the week to enable members of the public deposit monies in their possession.

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About ABINSELOADEDNG 815 Articles
Francis Isaac Akuki popularly known as Smilezee is an entrepreneur, a blogger/graphic designer, and actively involved in fintech. He hold a National Diploma Certificate From Federal Polytechnic Idah Kogi State and currently a student of Public Administration at Taraba State University, Jalingo. He also hold a diploma certificate in Computer Operating From Fatz Link Computer Institute Makurdi, BENUE State. Smilezee is passionate about technology and endeavors to promote it within his community and beyond. He’s the creative force behind the entertainment website Moreover, he’s widely acknowledged as the CEO of Smile Printing Center ABINSI, consistently striving to inspire others toward economic growth and development in his hometown of ABINSI.

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