The Central Bank of Nigeria's (CBN) move to redesign and reissue the N200, N500, and N1000 notes have been welcomed with diverse reactions by the citizens...
CBN has disclosed that the move to redesign the naira notes was necessitated due to cases of hoarding, shortage of clean notes, and counterfeiting.
CBN moves to introduce new designs of N200, N500, and N1000 notes by December 15, 2022, following approval from President Muhammadu Buhari.