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.
-
Football1 week agoArgentine presenter Florencia Peña resigns after false on-air report about Lionel Messi’s father
-
Business1 week agoAward-winning Mitsubishi L200 gets anniversary price cut in Nigerian market
-
Latest7 days agoSex video leak sparks disciplinary action as FUOYE suspends two students
-
Business6 days agoThe CBN’s Exposure Draft on Holding Companies of Banks: Matters Arising
-
Comments and Issues6 days agoEkiti 2026: Will INEC redeem self or slide further?
-
Latest6 days agoTinubu Grants Customs Boss Adeniyi Final Six-Month Extension to Oversee Single Window Project, Succession
-
News6 days agoYiaga Africa Flags Discrepancies in Ballot Papers of Ekiti Governorship Poll
-
Football6 days agoWorld Cup group stage heats up as Germany face Ivory Coast, Netherlands meet Sweden in crucial fixtures