• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 23, 2025
  • Login
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Business

CBN won’t phase out redesigned Naira notes – AbdulMumin

Bature Magaji by Bature Magaji
May 1, 2023
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Central Bank of Nigeria (CBN) has said it has no plans to phase out the redesigned Naira notes from circulation.

CBN’s Acting Director, Corporate Communications Department, Dr. Isa AbdulMumin, made this known in a statement in Abuja on Sunday.

The statement was in reaction to a viral news on social media that the apex bank was contemplating the withdrawal of the recently redesigned N1,000 N500 and N200 currency banknotes from circulation.

“We wish to emphatically state that such speculation is unfounded and a ploy by some interests to cause panic among members of the public.

“The new and old currency notes have been circulating side by side.

“The CBN has been taking delivery of a good quantity of the redesigned banknotes from the Nigeria Security Printing and Minting Company Limited,” he said.

Abdulmumin said that the apex bank was committed to supplying the “approved indent” for the smooth running of the economy.

“We, therefore, urge members of the public to disregard any report suggesting a phase-out of the redesigned currency.

 “For the avoidance of doubt, the redesigned and old notes will continue to be accepted as legal tender.

“They will circulate side-by-side for transactions ahead of the Dec. 31 deadline, when the old N1,000, N500 and N200 banknotes will eventually be phases out,” he said.

Previous Post

Organ Harvesting: N47m theft allegation against Anambra whistleblower coverup ploy by police

Next Post

Atiku won the 2023 Presidential Election – PDP replies Lai Mohammed 

Next Post

Atiku won the 2023 Presidential Election - PDP replies Lai Mohammed 

Leave a Reply Cancel reply

Your email address will not be published.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

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
NYSC to deploy Corps Members to NDLEA rehab centres
News

Worry over none-release of NYSC promotion examinations results – Sources

by Adepegba Abioye
July 22, 2025
0

There is apprehension and disillusionment at the National Youth Service Corps (NYSC) over the withholding of the results of the...

Read moreDetails
Oleksandr Usyk knocks out Daniel Dubois to become undisputed World Heavyweight Champion

Oleksandr Usyk knocks out Daniel Dubois to become undisputed World Heavyweight Champion

July 21, 2025
Notorious kidnapper Wasiu Oloyede arrested in Ogun after abducting a soldier

Notorious kidnapper Wasiu Oloyede arrested in Ogun after abducting a soldier

July 21, 2025
N1.5m bribe to free kidnap suspect – Police 

N1.5m bribe to free kidnap suspect – Police 

July 21, 2025
Why NNPC refineries may never work again — Dangote

Dangote Refinery targets 700,000bpd capacity

July 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng