Naira redesign: CBN launches countdown clock on website

The Central Bank of Nigeria, CBN, has launched a countdown clock on its website for the January 31, 2023, deadline for the N200, N500, and N1,000 notes currently in circulation.

This started on Monday with a visit to the apex banks’ website.

Indeed, the CBN Governor, Godwin Emefiele, had on October 26, 2022, announced a Naira redesign policy to produce new notes for three of the naira denominations in circulation: N200, N500, and N1,000 notes.

Though the CBN’s naira redesign announcement has received both kudos and knocks, the CBN insisted on proceeding with its implementation to sanitize the country’s economy.