By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Nigerian BankerNigerian Banker
Notification Show More
Latest News
Adeduntan urges banks to improve loan monitoring to prevent NPLs’ build-up
January 12, 2023
Despite difficult times, FirstBank excited families with unique “DecemberIssaVybe” experiences
January 8, 2023
Another set of winners to emerge in the ongoing Polaris Save & Win Promo
January 4, 2023
Why the 2022 edition of DecemberIssaVybe by FirstBank wasn’t just about the excitement but memories
January 4, 2023
Polaris Bank assures Nigerians of seamless transactions this Yuletide
December 27, 2022
Aa
  • Home
  • News
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Research & Analysis
  • Opinion
  • My Bookmarks
  • Contact US
Reading: New Naira notes hits circulation today
Share
Aa
Nigerian BankerNigerian Banker
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis
Search
  • Home
  • News
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis
  • Contact
Have an existing account? Sign In
Follow US
© 2022 - Nigerian Banker. All Rights Reserved.
- Advertisement -
Ad image
Nigerian Banker > Blog > News > New Naira notes hits circulation today
News

New Naira notes hits circulation today

bankernaija
bankernaija December 15, 2022
Updated 2022/12/15 at 12:11 PM
Share
SHARE

The Central Bank of Nigeria CBN redesigned naira notes will go into the circulation as at today Thursday, 15th December 2022, as commercial banks and other deposit money banks under the supervision of CBN are to commence the release of the bills to their customers for across the counter payments.

Recall, president Muhammadu Buhari had recently unveiled the redesigned N200, N500, and N1,000 denominations new bills at a weekly Federal Executive Council meeting in Aso Rock Villa.

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), had in October announced that the Apex bank would release re-designed naira notes by December 15, 2022 and that the old notes would cease to be regarded as legal tender by January 31, 2023.

Emefiele pointed out that the redesigning of the naira notes would help to curb counterfeit notes, and reduce ransom payments to terrorists and kidnappers.

Top officials of commercial banks confirmed to Punch on Wednesday that they had received the new notes from the CBN a couple of days ago, adding that the redesigned currency would be released to their customers effective Thursday.

“We got the funds (new notes) about two days ago. Our head office has dispatched the funds to various area offices across the country. My branch will pick up our allocation at a nearby area office. We will start releasing the new notes to our customers by Thursday,” according to a top official of a commercial bank who spoke to one of our correspondents on condition of anonymity on Wednesday because he was not authorised to speak on the matter.

Multiple banking sources also said the new notes had arrived and were being kept in their vaults. That the new notes would be paid to customers in banking halls beginning from Thursday.

Culled

Related

- Advertisement -
TAGGED: CBN, currency in circulation, Naira, redesigned naira
bankernaija December 15, 2022
Share this Article
Facebook TwitterEmail Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Adeduntan urges banks to improve loan monitoring to prevent NPLs’ build-up
  • Despite difficult times, FirstBank excited families with unique “DecemberIssaVybe” experiences
  • Another set of winners to emerge in the ongoing Polaris Save & Win Promo
  • Why the 2022 edition of DecemberIssaVybe by FirstBank wasn’t just about the excitement but memories
  • Polaris Bank assures Nigerians of seamless transactions this Yuletide

Recent Comments

  1. How Nigerians in Diaspora can obtain BVN and attach it to their Nigerian Bank Account with ease – Nigerian Banker on How BVN can be used to steal money from you Bank Account

You Might Also Like

News

CBN suspends charges on cash lodgement following Naira redesign deadlines

December 8, 2022
News

CBN limits cash withdrawal to N100,000 per week effective Jan 2023

December 6, 2022
Godwin Emefiele, Central Bank of Nigeria Governor
News

Why CBN is redesigning the Naira notes – Emefiele

October 26, 2022
News

Fidelity Bank Redeems S400 Million, 5-year Eurobonds.

October 23, 2022

Categories

  • My Bank & I
  • Banking Personality
  • Ethical Banking
  • Research & Analysis
  • Opinion

About US

Nigerian Banker is focused on being the reference and source for all banking and related information in Nigeria
Quick Link
  • My Bookmark
  • Contact Us
  • News
  • My Bank & I
Top Categories
  • Banking Personality
  • Ethical Banking
  • My Bank & I
  • Opinion
  • Research & Analysis

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Nigerian Banker. 2022. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?