See the New Naira Notes Redesigned by CBN (N200, N500, N1,000)

By Modupe Gbadeyanka

On Wednesday, November 23, 2022, President Muhammadu Buhari unveiled the redesigned Naira notes by the Central Bank of Nigeria (CBN).

On October 26, 2022, the governor of the CBN, Mr Godwin Emefiele, said the bank would introduce new series of the N200, N500, and N1,000 banknotes into the financial system.

At a special press briefing in Abuja, the apex bank chief said the new Naira notes would be in circulation from December 15, 2022, noting that the old notes would be off by January 31, 2023.

On Tuesday, November 22, 2022, after a two-day Monetary Policy Committee (MPC) meeting of the CBN, Mr Emefiele said President Buhari would unveil the new notes shortly before the weekly Federal Executive Council (FEC) meeting in Abuja.

At the gathering today, the President introduced the new notes to Nigerians, with the N1,000 note coming in a light blue colour, the N500 note in a faint lemon colour, and the N200 note in light pink.