Regulators | Regulators

President Buhari Unveils Redesigned N200, N500 and N1,000 Notes

Nov 23, 2022   •   by Ottoabasi Abasiekong   •   Source: WebTV   •   eye-icon 230 views

Today, President Muhammadu Buhari, GCFR, unveiled the redesigned N200, N500 and N1000 notes at the Executive Chambers of the Presidential Villa, Aso Rock, Abuja.


The ceremony was held at the weekly Federal Executive Council (FEC), which the President Chaired. In attendance was the Senate President, Dr. Ahmed Lawan, and the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, CON.


The unveiling came much earlier than the planned date of December 15th, 2022. The N200 note bears the red colour, the N500 the green colour and the N1,000 the blue colour. 


According to the CBN, redesigning the Naira notes will be done in a way that protects unbanked, under-served Nigerians and those in rural areas.


CBN Governor Mr. Godwin Emefiele, CON, speaking yesterday at the last monetary policy meeting for 2022, stated that there would be no extension of the January 31st,2022, date for the deposit of the current N200, N500 and N1000 notes.


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