CBN To Take Delivery Of New Naira Notes By September Ending

The Central Bank of Nigeria would take delivery of new naira notes before the end of September for circulation, the Deputy Director, Operations, Dr. Tunde Lemo, has said. Lemo stated this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.

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 are taking delivery of the new notes before the end of September.

“The public would 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.