President Muhammadu Buhari unveiled the re-designed N200, N500, and N1000 notes at the commencement of the weekly meeting of the Federal Executive Council on Wednesday, November 23, 2022.
According to the president’s assistant on social media, Bashir Ahmad, Buhari unveiled the redesigned N200, N500, and N1000 notes.
Bundles of the newly redesigned 200, 500 and 1,000 Naira notes, unveiled today by President Muhammadu Buhari. pic.twitter.com/z7qbrOyNUx
— Bashir Ahmad (@BashirAhmaad) November 23, 2022
Buhari was flanked by cabinet officials, including the governor of the Central Bank of Nigeria, Godwin Emefiele, while unveiling the redesigned naira notes.
The new naira notes will become legal tender commencing from December 15, while the old ones will cease to be legal tender effective February 1, 2023.
This is the first time in 19 years that Nigeria will redesign some of her currency notes.