CBN set to redesign N200, N500 and N1000 Naira notes

CBN set to redesign N200, N500 and N1000 Naira notes

The Central Bank of Nigeria (CBN) has announced plans to redesign some naira notes. Godwin Emefiele, the CBN chairman, announced this at a press conference on Wednesday, October 26.

According to Emefiele, the redesigned Naira notes will be N200, N500, and N1000.

He stated that the new design and issues will go into effect in December 2022, and he advised Nigerians to go to the bank to exchange their old notes for the newly designed ones.

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