Latest news on new naira notes

Here are the latest news and updates on the new naira notes in Nigeria:

Latest Update (March 3, 2023): The Central Bank of Nigeria (CBN) has announced that the new naira notes will be introduced into circulation on March 27, 2023. The new notes will be available in denominations of N200, N500, and N1,000.

Previous Updates:

• February 25, 2023: The CBN announced that the new naira notes will be introduced into circulation in March 2023, but did not provide a specific date.
• February 15, 2023: The CBN Governor, Godwin Emefiele, said that the new naira notes will be introduced into circulation in the first quarter of 2023.
• January 31, 2023: The CBN announced that it has concluded the design and printing of the new naira notes, and that they will be introduced into circulation soon.
• January 24, 2023: The CBN Governor, Godwin Emefiele, said that the new naira notes will be introduced into circulation in the second quarter of 2023.

Key Features of the New Naira Notes:

• The new naira notes will have enhanced security features, including a 3D effect, color-shifting ink, and a unique number on each note.
• The notes will also have a new design, with a portrait of a Nigerian leader on each note.
• The N200 note will feature a portrait of Dr. Nnamdi Azikiwe, the first President of Nigeria.
• The N500 note will feature a portrait of Dr. Chukwuemeka Odumegwu Ojukwu, a Nigerian nationalist and leader of the Biafran secessionist movement.
• The N1,000 note will feature a portrait of Dr. Muhammadu Buhari, the current President of Nigeria.

Public Reaction:

• Many Nigerians have expressed excitement and anticipation for the introduction of the new naira notes, citing the need for improved security features and a more modern design.
• Some Nigerians have also expressed concerns about the potential impact of the new notes on the economy, including the potential for inflation and the displacement of older notes.

I hope this information is helpful!