11.4 C
Monday, May 27, 2024

Nigeria issues new Naira notes to combat fake currency


Related stories

WHO hosts the first forum on traditional medicine

The World Health Organization will convene its first summit...

Despite profit-taking, the price of oil still records a weekly rise

As the dollar rose and oil speculators took profits...

Kenya bans churches after allegations of killing worshipers who were starved

According to a government document made public on Friday,...

Nigeria today introduced new banknotes in an effort to combat forgery and the funding of islamist organizations.

The new naira bank notes, according to Nigerian President Muhammadu Buhari, will help manage liquidity in a country where the majority of the currency is kept outside of banks.

The notes that are being replaced are the 200, 500, and 1000 naira notes. The president stated during the introduction of the new notes at the presidential Villa that the notes have new security features and are produced in Nigeria by the Nigeria Security Printing and Minting.

According to reports, Nigeria’s central bank will announce plans to start issuing the new notes to the general public on December 15, 2022.

Read Also  One week before the election: Nigeria's presidential candidates hold their final rallies

The deadline for public submission of old notes is January 31, 2023.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome & exclusive content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

InsiderBLM Africa
InsiderBLM Africahttp://insiderblm.com
InsiderBLM Africa shares deep financial, media, tech, and other industry verticals happening in Africa.


- Never miss a story with notifications

- Gain full access to our premium content

We don’t spam! Read our privacy policy for more info.

Latest stories