PRESIDENT BUHARI UNVEILS NEW NAIRA NOTES

President Muhammadu Buhari has officially unveiled the newly redesigned naira denominations of ₦1000, ₦500 and ₦200 introduced by the Central Bank of Nigeria (CBN). The newly redesigned naira launch preceded the weekly Federal Executive Council (FEC) held inside the Council Chamber of the Presidential Villa, Abuja.

Fielding questions from reporters after the event, CBN Governor Godwin Emefiele said the CBN is fully poised to make Nigeria a cashless economy. He added that the quantum of money withdrawn from the counter would be drastically restricted, noting that security agencies would track anyone who wants to withdraw substantial cash to determine its use.