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CBN talk say dem no get any plans to redenominate Naira.

November 1, 2023

Central Bank of Nigeria don yarn say dem no get plans to re-denominate or restructure Naira notes for 2024. Dem talk am for one statement wey Isa AbdulMumin, wey be their Director of Corporate Communications, sign and share for their X handle. CBN dey advise Nigerians make dem no pay attention to the text messages wey dey circulate wey talk say dem wan redenominate the country money next year, say the message no dey true. Dem talk say the people wey send the message modify one old text wey one former CBN Governor write for 2007 to make am look like say e recent. Dem talk say dem fit dey consider reforms, but e go dey follow the procedures wey dey for the CBN Act of 2007. For 2022, CBN don redesign the N200, N500, and N1000 notes.

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