The Central Bank of Nigeria has disclosed it would take delivery of new naira notes before the end of September.
Deputy Governor, Operations, Dr Tunde Lemo, who revealed this in Abuja, stated that the public would get a large quantity of the new notes to replace the old and mutilated notes.
The apex bank had earlier said that new naira notes would be in circulation by June, and that the smaller denomination notes (N5, N10, N20, and N50) would be reprinted on paper.
“We are going to take delivery of the new notes from this month of August. We will take delivery of the new notes before the end of September. The public will get a large quantity of the new notes to replace the old and mutilated notes, particularly the higher denomination notes in the first instance, then later the lower denominations,’’ he said.
