A Nigerian man has raised alarm over the circulation of fake N1000 notes. Recall that the redesigned N1000 notes were released to Nigerians on December 15. It appears some criminal-minded people have manufactured the fake notes and are now circulating them. The Nigerian man says the money was given to his wife who runs…
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has slammed the decision of the Central Bank of Nigeria (CBN) to redesign the naira. Truetells Nigeria reports that the governor of the CBN, Godwin Emefiele, had on October 26 announced the plan to redesign the naira notes to control the money supply and…
The Central Bank of Nigeria (CBN) has announced plans to redesign some naira notes. The CBN boss, Godwin Emefiele, disclosed this at a press conference on Wednesday, October 26. According to Emefiele, the Naira notes to be redesigned include N200, N500 and N1000. He stated that the new design and issues will be effective…
The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing mutilated banknotes as part of their deposits with the apex bank. In a circular issued in Abuja by Ahmed Umar, the Director, Currency Operations Department of CBN, the apex bank said the warning took effect from April 1. Composed banknotes…
