JUST IN: CBN Set to Redesign N200, N500 And N1000 Notes

The Central Bank of Nigeria (CBN) is set to redesign the N200, N500 and N1000 notes for Nigerians.


The Central Bank of Nigeria (CBN) on Wednesday has announced its decision to redesign the Naira. This would not be the first time, the Naira not was redesigned and each time it is for the betterment of the nation.
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The Governor,  Mr. Godwin Emefiele, who  announced this at a press briefing in Abuja, said the exercise would affect the highest denominations: N200, N500, N1000 notes. He said the action was taken in order to take control of the currency in circulation.
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According to him, the bulk of the nation’s currency notes were outside bank vaults and that the CBN would not allow the situation to continue. Many have expressed their hope, that the new design will help the Naira.godwin emefiele

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