Naira Redesign: what you need to know

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Alagbon
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The Naira Redesign planned by the CBN has taken effect. In fact the new Naira notes are now officially in circulation. Below are what you need to know as well as what you must do:

1. The old Naira banknotes will cease to be legal tender by JANUARY 31, 2023

2. Pay in your old banknotes to beat the rush.

3. There will be no charges on cash deposits paid to banks between now and January 31 2023

4. There's no limit to the amount of old 200, 500 and 1000 Naira banknotes you can deposit in your a…

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