Central Bank of Nigeria Governors and Buhari Unveils the Redesigned 2023 Naira Notes

The Central Bank of Nigeria Governors and President Muhammad Buhari has on this day the 23rd November, 2022 unveiled the new Maria notes consisting of  200, 500 and 1000.

Central bank of Nigeria Governors

Recall that The Central Bank of Nigeria Governors (CBN), Godwin Emefiele, has announced that the President, Major General Muhammadu Buhari (retd.), will on Wednesday unveil the newly designed naira notes.

Central bank of Nigeria Governors

The Central Bank of Nigeria Governors

The unveiling today, marks the very first time in 19 years, that Nigeria will be redesigning their naira notes.

Before the Federal Executive Council (FEC) meeting during a briefing at the ceremony, the governor of central bank of Nigeria debunked insinuations that the early unveiling of new notes is a means to target any Nigerian.

Central Bank of Nigeria news today, The Governor Godwin Emefiele went ahead to  appeal to members of the public  that there is no need to perpetuate any such information.

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Still speaking he assured the public that the central bank of Nigeria will intensify the monitoring process and interrogate the process of withdrawal.

He concretely assured that there will be heavy restrictions on the volume of cash people can withdraw over the country, as he shall work with the EFCC to monitor the purpose of any heavy withdrawal or transactions.

He asserts that the redesigned naira notes can never be counterfeit, adding to forestall such occurrence he states that the central bank of Nigeria redesigns the notes every five to eight years

Below are the pictures of Nigerian naira notes and names on it

Central bank of Nigeria Governors

With regards to the new naria notes that was unveiled today, it’s circulation across banks and other financial institutions will start today. The Central Bank of Nigeria Governors announced that the CBN is now determined to make the giant of Africa (Nigeria) a cashless economy, as in other climes. 

Present at the unveiling ceremony were Boss Mustapha, secretary to the government of the federation, and Folashade Yemi-Esan, head of civil service of the federation.

While giving speech at the unveiling event, President Buhari underscored the importance of redesigning the naira notes, saying it will help the country to address the issue of illicit financial flows, corruption, improve the economy and the value of the Nigerian currency and many more.



The Central Bank of Nigeria Governor, stated that 100 days is enough for any person from any part of Nigeria to deposit his money in the bank and get his money as the new notes/currency is released today.

Also, it is the role of the central bank of Nigeria to oversee that the apex bank would not move the January 31, 2023 deadline for all old notes to be deposited to commercial banks so the public is advised to do the necessary.

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