News From MDA'S

Buhari committed to Naira redesigning, unveils new notes

289

President Muhammadu Buhari will on Wednesday, November 23, 2022, unveil the newly designed N1,000, N500 and N200 notes and this is official.

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, disclosed this on Tuesday at a media briefing on the monetary policy communique.

The presidential unveiling comes ahead of the earlier scheduled date of December 15th, 2022 when the new notes will go into circulation.

Emefiele also corroborated President Buhari that “there is no going back on the January 31 date of ensuring that all old currencies would cease to be a legal tender.

“We are relying on our laws to push this policy forward.”

The CBN boss thanked Buhari for his support over the last seven and a half years, specifically lauding the president’s support for the new naira policy.

“We thank Mr. President for the support we have received from him for over seven and a half years. We thank security agencies for working with us for monitoring the flows.

“We thank the Senate, who besides the pressure is also given us support. We will not shift any deadline. It is in tandem with the law.

“We are no longer waiting till December 15th. By the 23rd of November, President will unveil the new naira notes and the FEC chambers by 10 am tomorrow,” Persecondnews quotes Emefiele as saying.

Leave a comment

Related Articles

NAGAFF Taps NPA MD, Dr. Abubakar Dantsoho, as Keynote Speaker for Silver Jubilee Anniversary

The National Association of Government Approved Freight Forwarders (NAGAFF) has announced Dr....

NPA MD Repositions Agency, Appoints New Managers, Redeploys General Managers

The Nigerian Ports Authority (NPA) has announced new appointments and redeployments of...

Breaking: FG back dates minimum wage payment to July 29, 2024

The Federal Government’s Committee on Consequential Adjustments in Salaries has agreed to...

FG grants 50% electricity subsidy to hospitals nationwide

The Federal Government has granted a 50 percent subsidy on electricity consumption...

NPA deepens bilateral ties with Belgium for increased port efficiency, trade volume growth

In preparation for the President Bola Tinubu administration’s National Single Window Project,...

Pres. Tinubu appoints new Directors-General for DSS, NIS

President Bola Tinubu has approved the appointments of new Directors-General for the...

Breaking: NIA DG, Rufai Abubakar quits

After about a seven-year stint as Director-General of the National Intelligence Agency...

FG inaugurates 10-member committee on implementation of Supreme Court’s LG autonomy ruling 

The Federal Government has established a 10-member committee to implement the Supreme...

Eastern Ports Development: NPA committed to implementing electronic call-up at Onne Port Complex – MD

Following the directive of the Minister of Marine and Blue Economy, Mr....

NPA MD appoints new port managers for Calabar, Lagos, Port Harcourt others

The Nigerian Ports Authority (NPA) has announced seven new port managers for...

Breaking: Tinubu swears in Mrs. Esther Walson-Jack as new Head of Civil Service

President Bola Tinubu has formally inaugurated Mrs. Esther Walson-Jack as the new...

Tinubu appoints commissioners for RMAFC, board members for TETFund

President Bola Tinubu has approved the appointment of 21 Nigerians as federal...

Pres. Tinubu appoints 7 heads of FG agencies

President Bola Ahmed Tinubu on Tuesday appointed new heads for strategic agencies...

Pension increases: PENCOM faults FG’s omission of pensioners under CPS

The National Pension Commission has warned the Federal Government against the violation...

Nigeria, U.S. Customs partner to combat illicit drug, arms trade using AI

The Federal Government has concluded plans to curb illicit trade in drugs...

As economy bites harder, FG reduces allowances for foreign students

The Federal Ministry of Education, acting on behalf of the Federal Government,...

Why FG injected N1trn palliatives into manufacturing sector – Finance Minister Edun

The Federal Government has disclosed that a total sum of N1 trillion...

Senate confirms Ewalefoh as new DG of ICRC

The Senate confirmed on Tuesday the appointment of Dr. Jobson Oseodion Ewalefoh...

Nationwide protest: IG cautions organisers to shelve plans

The Inspector General of Police, Mr. Kayode Egbetokun, cautioned on Tuesday that...

NPA generated N541bln revenue in first half of 2024, says outgoing MD, Bello-Koko

The Nigerian Port Authority (NPA) generated ₦541 billion revenue in the first...