The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500 and N1,000 notes respectively.

CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja.

Mr. Emefiele said the circulation of the new notes will begin from December 15, 2022 and that the old notes would remain valid until January 31, 2023.

He urged all holders of the old notes to begin to return them immediately.

Meanwhile, the Apex bank has suspended charges on cash deposits.

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