President Mohammadu Buhari will, on Wednesday, unveil the newly designed Naira notes.

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele announced this on Tuesday during the apex bank’s Monetary Policy Committee monthly meeting in Abuja..

He revealed that the CBN won’t shift its January 31, 2023 deadline for all old notes to be returned to commercial banks in exchange for newly designed ones.

The newly designed naira notes to be unveiled are N1,000, N500 and N200 notes.

Thelagostimes recalls that the CBN governor had, on October 26, 2022 announced that the CBN would issue the redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January 31, 2023.

However, he made a U-turn on Tuesday, saying the CBN won’t wait till December 15 anymore as the President will unveil the new notes on Wednesday.

“100 days is enough for any person from any part of Nigeria to deposit his money in the bank and get his money when the new notes are released.

“For information, indeed, we are no longer waiting till December 15th to unveil and begin to release the new notes.

“By the special grace of God, tomorrow, which is the 23rd of November 2022, the President has graciously accepted to unveil the new currencies and the new currencies will be unveiled tomorrow at the Federal Executive Chamber by 10am”, he said.