Breaking: Buhari unveils new naira notes Wednesday

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The new naira banknotes will be unveiled by on Wednesday, according to Central Bank of Nigeria (CBN) Governor Godwin .

told journalists at the conclusion of the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday that the unveiling will take place at 10 a.m.

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He stated that it will occur in the Council Chambers at the meeting of the Federal Executive Council (FEC).

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The CBN will not extend the January 31, 2023 deadline for the ultimate launch of the , according to .

The CBN Governor commended Buhari for consistently protecting the central bank, the Senate for its support, and the security services, particularly the EFCC, for ensuring the program’s smooth transfer.

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Emefiele also announced an increase in interest rates to 16.5%, while maintaining all other conditions.

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As a result of “tightening rates,” he explained, the CBN’s decision to combat inflation has begun delivering beneficial benefits, hence the increase in interest rates.

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