First Bank

Tuesday, November 22, 2022

Buhari to launch new naira note on Wednesday November 23rd

The governor of Nigeria’s central bank, Godwin Emefiele has announced that President Buhari will launch the new naira notes on the 23rd of November 2022.

This is well ahead of the earlier scheduled date of December 15th, 2022. The governor made this known in his briefing to the media at the monetary policy communique held on November 22nd, 2022.

Mr. Emefiele also insisted that there is no going back on the January 31st data of ensuring all old currencies lose their legal tender status. Mr. Emefiele also said he is relying on their law to push this policy forward.

Nigeria’s central bank governor, Godwin Emefiele also announced the apex bank is planning to reduce the volume of N500 and N1000 notes in circulation “over time”.

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