If I am still in college, I will run this business. What do you think? Hahaha – this is a business idea but it will expire Jan 31, 2023. Today, I offloaded all the Nairas with me in America, and they’re on the way to Nigeria. A little delay, they become bread labels. The Central Bank of Nigeria (CBN) has a message; act now.
But seriously, if you have a problem with Naira notes and want to exchange them in the US, our digital bank in the US could assist. I have asked our team to explore if there are ways we can get “no objection” to do that, without breaking the interstate cash limit clause.
The Central Bank of Nigeria (CBN) has announced that it has been authorized by President Muhammadu Buhari to issue new naira notes effective from 15 Dec 2022.
The banknotes to be redesigned, produced and circulated are N100, N200, N500 and N1,000.
The central bank said all existing currencies will cease to be legal tender from January 2023, and directed commercial banks to stop charges on cash deposits with immediate effect.
The financial regulator said the exercise has become necessary due to many factors including increasing ease and risk of counterfeiting and worsening shortage of clean and fit banknotes.
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