CBN BEGINS DISTRIBUTION OF REDESIGNED NAIRA NOTES, LIST PENALTIES FOR ABUSE

The Central Bank of Nigeria (CBN) has begun distributing new naira notes to its branches around the country. The new currency will be delivered by the CBN to business branches across the country. According to Vanguard, the Director of Currency Operations, Bello Umar, made the announcement in Abuja. Umar said: “From Thursday, (today), we will start distribution to CBN branches across the country. So that whenever we are set to launch, maybe at a later date, we already have the notes across the country.” CBN Governor, Godwin Emefiele revealed that…

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