Business
Shehu Sani reacts to plan to redesign national currency
Shehu Sani, a former Kaduna senator, has reacted to the plan to redesign the national currency.
The Central Bank of Nigeria announced on Wednesday, October 26, 2022, that some naira notes will be redesigned. The affected notes include 200, 500, and 1000 naira notes.
The new policy will take effect on December 15, 2022, and the old naira notes will be removed from circulation by January 31, 2023.
The governor of the CBN, Godwin Emefiele, disclosed this at a press conference in Abuja.
The action was taken in order to take control of the currency in circulation, according to the CBN boss.
Emefiele said that President Muhammadu Buhari has given the central bank permission to replace the currency in circulation with new notes.
In reaction to the news, Shehu Sani said, “He changed the national currency in 1984; he is changing the national currency in 2022 and for the same reason.”
President Muhammadu Buhari was the military head of state when the currency was changed in 1984.
-
Aviation7 days agoNigeria ends third-party visa processing in U.S, directs applicants to embassy, consulates
-
Business6 days agoFCCPC floors Air Peace as Court upholds authority to probe airline fare complaints
-
Business1 week agoSEC sets July 10 deadline for Q2 ownership, capital flows returns
-
News7 days agoEdo Police impose movement restriction ahead of Saturday’s LG’s elections
-
Business5 days agoNCC chief highlights trust as key to Nigeria’s digital transformation
-
Business7 days agoHeavy reliance on portfolio inflows threatens Nigeria’s $51bn reserves — EBC
-
Comments and Issues7 days ago‘Olodo Uprising’: When anti-intellectualism threatens good governance
-
Latest3 days agoLagos NURTW organising secretary Toba Ajiboye dies after gunmen attack