SmartPreneur
Advertisement
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
SmartPreneur
No Result
View All Result
Home Trending News

Trending: New Naira Notes Unveiled, Nigerians React

Blessing Osazuwa by Blessing Osazuwa
November 23, 2022
in Trending News
0
Trending: New Naira Notes Unveiled, Nigerians React
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

President Muhammadu Buhari today unveiled the new naira notes before the federal executive council (FEC) meeting at the state house, Abuja.

Join our communityJoin our communityJoin our community

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele who was present at the unveiling ceremony stated that with the new notes in circulation, there will be heavy restriction on the volume of cash that people can withdraw over the counter. He went on to say that the redesigned currency can never be counterfeited, emphasizing that to forestall such occurrence the CBN would redesign the notes after every five to eight years.

Following the unveiling of the new notes, Nigerians have gone ahead to share their thoughts and opinions about the look of the redesigned currency.

Nobody:

The CBN 1k Note:

(President Peter Obi, Emefiele, Bleaching, Saro, iPhone 13, Reno, Oyo State, Enugu,
The 1k, Shola, Psquare, Shola, Governor Okowa) pic.twitter.com/PCTvCzmzmq

— SIR LAW THE GAME CHANGER PhD (@OfficialSirLaw) November 23, 2022

The CBN really went back in time! Agba Flash! pic.twitter.com/CmlxDLtOr7

— Sam (@TryDeyRest) November 23, 2022

Recall that on October 26, 2022, at a press conference, the governor of the Central Bank of Nigeria announced that new Naira notes will be introduced on December 8, 2022, to replace the existing N200, N500, and N1,000 notes.

The old notes would remain legal tender till the end of January 2023. He then explained that change of currency is recommended within the interval of 5 to 7 years, but the last time Nigeria embarked on this exercise was in 1984. And therefore this exercise is overdue.

Another reason for the new notes according the CBN governor is to correct the existing issue whereby 85 percent of the currency in circulation is outside the banking system.

Tags: Central Bank of NigeriaGodwin EmefieleNaira denominationsNew naira notesNigeriaPresident Muhammadu BuhariTrending News In Nigeria
Previous Post

SweepSouth pauses operations in Nigeria from November 25th

Next Post

Nigeria, 7 other African countries to join the MultiChoice Africa 2023 Accelerator Programme

Blessing Osazuwa

Blessing Osazuwa

Blessing does the research to bring you needed information for success.

Related Posts

Chinazom Arinze
Hustle life

How I saved my company from making a 30 million naira loss – Chinazom Arinze

by Ruth Okwumbu-Imafidon
March 29, 2023
0

Money is the lifeblood of any business, and while looking for ways to make money, entrepreneurs have to proactively look...

Read more
Twitter will be removing Blue Ticks from April 1, 2023
Trending News

Twitter will be removing Blue Ticks from April 1, 2023

by Ruth Okwumbu-Imafidon
March 29, 2023
0

From April 1, 2023, Twitter will be phasing out its "legacy verified programme" and removing some "legacy verified checkmarks". Users...

Read more
How to build business partnerships that last a lifetime
Trending News

7 things investors want to see in your Pitch Deck / Presentation

by Ruth Okwumbu-Imafidon
March 27, 2023
0

If you are at the point in your entrepreneurial journey where you have to seek funding from investors, then you...

Read more
Win Free Product Shoot In the #CaptureMyBusiness Challenge
Trending News

Win Free Product Shoot In the #CaptureMyBusiness Challenge

by Blessing Osazuwa
March 24, 2023
0

Smartpreneur, in partnership with Emblue Space and Studios, is offering an opportunity for female business owners to take their businesses...

Read more
Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31
Trending News

Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

by Ruth Okwumbu-Imafidon
March 24, 2023
0

In today's fast-paced and rapidly changing economy in the country and the globe, it has become more important for today’s...

Read more
Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.
Trending News

Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

by Ruth Okwumbu-Imafidon
March 22, 2023
0

Nigerians using MailChimp will have to pay 7.5% more from April 20, 2023, as the company is set to implement...

Read more
The New CBN Cash Withdrawal Policy; What will happen to MSMEs now?
Trending News

CBN Increases Lending Rate to 18%

by Ruth Okwumbu-Imafidon
March 22, 2023
0

In an aggressive push to contain the nation’s inflationary pressure, the Central Bank of Nigeria on Tuesday raised its benchmark...

Read more
Load More
Next Post
Multichoice Accelerator programme

Nigeria, 7 other African countries to join the MultiChoice Africa 2023 Accelerator Programme

Please login to join discussion

Recent News

7 Things to Normalize in Your Daily Business Operations

7 Things to Normalize in Your Daily Business Operations

March 29, 2023
Chinazom Arinze

How I saved my company from making a 30 million naira loss – Chinazom Arinze

March 29, 2023
Twitter will be removing Blue Ticks from April 1, 2023

Twitter will be removing Blue Ticks from April 1, 2023

March 29, 2023
How to build business partnerships that last a lifetime

7 things investors want to see in your Pitch Deck / Presentation

March 27, 2023
SmartPreneur

© 2020 SmartPreneur

Navigate Site

  • Home
  • Trending News
  • Radio
  • Games & Quizzes
  • TV

Follow Us

No Result
View All Result
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Brand Insights
  • Profiles
  • Game & Quizzes
  • Weekend Teaser

© 2020 SmartPreneur