The Central Bank of Nigeria, CBN, has introduced newly designed notes.
This was announced by Governor of the CBN, Mr. Godwin Emefiele on Wednesday at the CBN headquarters in Abuja.
According to Mr. Emefiele, the circulation of the new notes will begin from December 15, 2022 and the old notes would remain valid until January 31, 2023.
He advised all holders of the old notes to begin to return them immediately.
Those notes affected are ₦200, ₦500 and ₦1,000.
The apex bank also suspended charges on cash deposits.