Tag: Banknotes
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See first photos of redesigned Naira notes released by CBN
President Muhammadu Buhari today unveiled the N200, N500, and N1,000 banknotes redesigned by the Central Bank of Nigeria (CBN).
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BREAKING: President Buhari unveils new Naira notes
President Muhammadu Buhari has unveiled the new N200, N500 and N1,000 banknotes, redesigned by the Central Bank of Nigeria (CBN).
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CBN warns banks against ‘composed’ banknotes in their deposits
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director, Currency Operations Department of CBN, which he said took effect from April 1.