President Muhammadu Buhari revealed the new N200, N500, and N1000 notes after a 28-day delay. In October 2022, the Central Bank of Nigeria stated that new banknotes would be printed to combat inflation. President Buhari praised CBN governor Godwin Emefiele at the unveiling of the new Naira banknotes for the Naira notes policy.InformationGuideNigeria
The 1000 Naira note is the highest denomination of Nigerian paper currency. Mallam Alijy Mai-Bornu and Dr. Clement Nyong Isong are shown on the N1,000 bill’s obverse. Both were governors, the former of the Central Bank of Nigeria and the latter of South Nigeria’s Cross River state. N500 note The 500 Naira Nigerian note was created in April 2001, and at the time of its introduction, it was the biggest denomination of currency in the country. The note’s obverse depicts a portrait of Nnamdi Azikiwe.JAMB Portal
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On the back is an image of an offshore oil rig. N200 note The image of Northern Nigeria’s premier, Ahmadu Ibrahim Bello, Sardauna of Sokoto, which appears on the N200 note, has not been altered.
It’s anticipated that producing the new Naira notes will cost billions of dollars. Buhari hails CBN In his speech, President Muhammadu Buhari lauded the Central Bank of Nigeria (CBN) governor for the initiative to revamp the Nigerian currency. Buhari was particularly pleased that the newly redesigned currency was made locally by the Nigerian Security Printing and Minting (NSPM) Plc.NYSC Portal
Nigerian banks have announced new business days and closing hours. In the meantime, Nigerian banks have altered their business hours to assist those in possession of Naira currency that will shortly expire. The banks have already indicated that they have notified consumers via social media and email of their operating hours. Legit. ng acquired information about the contents and modifications of their emails.
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