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CBN redesigns naira notes, circulation to start by Dec. 15

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CBN redesigns naira notes, circulation to start by Dec. 15

CBN

The Central Bank of Nigeria (CBN) has concluded plans to redesign certain denominations of the currency.

Mr Godwin Emefiele, the CBN Governor, who made this known during a press conference in Abuja on Wednesday, said the apex bank had obtained the approval of President Muhammadu Buhari to redesign N200, N500 and N1,000 notes.

 

 

According to Emefiele, the process is a discharge of the apex bank’s key function of currency management.

“Currency management is the key function of the CBN as enshrined in the CBN Act. The integrity of a local legal tender, efficiency of its supply and its efficiency are some of the functions of a great central bank.

 

 

 

“In recent times, currency management has faced several challenges that have continued to escalate in scale and sophistication, with unintended consequences for both the CBN and the country.

“On the basis of these, and in line with the provision of CBN Act, the management of the CBN has sought and obtained the approval of President Muhammadu Buhari to redesign, produce, release and circulate new series of banknotes at N200, N500 and N1,000.

 

 

 

“In line with the approval, we have finalised arrangements for the new currency to begin circulation on Dec. 15,” he said.

Emefiele said the new currencies and the existing ones would remain legal tender and circulate together until Jan. 31, 2023.

 

 

 

He urged Deposit Money Banks currently holding existing denominations to begin returning them back to the CBN immediately.

“The newly designed currencies will be released on the basis of ‘first come, first serve.’

 

 

 

“Customers of banks are enjoined to begin payment into their bank accounts to enable them withdraw the new banknotes once circulation begins,” he said.

He added that for the purpose of the exercise, bank charges for cash deposit are suspended with immediate effect.

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You’re a liar, apologise to seyi Tinubu within the next 24 hours or you will be arrested

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By Collins Nkwocha

The prophet to the president of the federal Republic of Nigeria, the prophetic hall of fame and Ambassador of peace, Prophet Godwin Ikuru of Jehovah Eye Salvation Ministry has outrightly criticised the factional leader of NANS Atiku Abubakar Isah for the allegations he labelled against the son of the president,Seyi Tinubu,he recapitulated that it’s malicious, politically engineered to denigrate the image of the Tinubu family.

Speaking to newsmen today in Lagos, prophet Ikuru maintained that Isah’s accusation is a guesswork without any backing “I know Seyi Tinubu very well, Seyi knows me too, he’s a well behaved person,Seyi Tinubu is not someone of questionable character and I know that everything Isah is saying is politically motivated with the aim of denigrating and denting the image of the Tinubu’s family,the Tinubu’s family is my family because the mother to Mr.president ,mama Mogaji fed me on so many occasions when I was coming up as a man,i will not sit back and watch anyone rubbish that family”

The prophet of the nation demanded an immediate apology from Isah for the false allegations “I want to state it categorically that he must apologise to seyi Tinubu or I will order his immediate arrest, and his plan will never work against Tinubu,Baba is retaining his seat in 2027”

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Stop the killing, Tinubu will make Nigeria great,Hon.Ashara drops Easter message

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The Vice Chairman of Amuwo Odofin Local Government Area,Hon.Ashara Maureen chika has beckoned on Nigerians to stop the rampant killings that’s ravaging the country at the moment and embrace love in the quest to stimulate and foster national unity and togetherness as Christians celebrate Easter.

Speaking to newsmen today in Lagos, the beautiful politician enunciated the need for Christians to promote peace and love, using it as tool to bring the nation together ” Christianity promotes peace and love, it’s not a religion that promotes cruelty,viciousness and wickedness, Christians are known for their endurance and perseverance, Easter, being the period of the death of our Lord Jesus Christ,is a period of reconciliation and we should channel it in a way that it’s going to have a salutary effect on the Nigerian nation and stimulate unity, let’s stop the killing that is going on the country because it’s not healthy for any nation”.

She also beckoned on Nigerians to be patient with the administration of Bola Ahmed Tinubu because he’s capable and will make Nigerians to smile very soon “the process of building is always tough, rough, hectic and cumbersome, Nigeria was decaying before the president assumed office,all the policies he’s implementing will ultimately be to the boon of Nigerians,all will need is little patience and everyone will smile;I want to wish all the Christians in Nigeria and all over the world a happy Easter celebration and appeal to Nigerians to be patient with the government of Asiwaju because he’s on a mission to salvage the image of the country and revamp the entire nation”.

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Harmony Gardens, FG Launch Renewed Hope Estate for Nigerians Abroad

Top Lagos-based real estate powerhouse, Harmony Gardens & Estate Development Ltd, is once again making waves, this time through a landmark partnership with the Federal Government of Nigeria to deliver 1,000 modern duplexes at Lekki Aviation Town, directly opposite the proposed Lekki International Airport.

The project, part of President Bola Ahmed Tinubu’s Renewed Hope Agenda, is targeted at middle-income Nigerians in the diaspora seeking to invest in sustainable, high-quality housing back home. It is being financed by the Federal Mortgage Bank of Nigeria (FMBN) and reflects the government’s commitment to easing access to homeownership.

President Tinubu is set to perform the official groundbreaking on May 29, 2025, signaling not just political will but also strategic action toward diaspora inclusion and infrastructure expansion.

Speaking on the initiative, Harmony Gardens Chairman, Mogaji Wole Arisekola, confirmed a whopping ₦106 billion investment into the FGN Harmony Partnership. The company’s innovative Executive Managing Director, Hon. (Dr.) Abdullahi Saheed Mosadoluwa, widely known as The Lagos Landlord is rolling out a game-changing Ibile Traditional Mortgage Scheme. The plan offers Nigerians at home and abroad the ability to rent-to-own homes on a single-digit annual interest rate for up to 20 years.

The Renewed Hope Estate will boast modern infrastructure, green areas, high-grade finishes, security systems, and effective drainage, setting a new standard for residential developments in Lagos. It will also provide over 5,000 direct and indirect jobs, boosting the construction and logistics sectors significantly.

Harmony Gardens has continued to solidify its reputation as a premium developer, currently overseeing seven prestigious estates, including GranVille Estate, The Parliament, Majestic Bay, Harmony Casa, and the flagship Lekki Aviation Town, collectively known as the Seven Citadel of Joy.

As the federal government collaborates with developers and international consultants to ensure timely delivery and top-tier quality, Harmony Gardens is once again demonstrating why it remains a pillar of excellence in Nigeria’s real estate industry.

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