RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Currencies

Currency redesign: Soludo backs CBN on new Naira notes

Rate Captain by Rate Captain
November 11, 2022
in Currencies
Reading Time: 2 mins read
A A
0
Currency redesign: Soludo backs CBN on new Naira notes
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The governor of Anambra State, Charles Soludo, says it is within the province of the Central Bank of Nigeria, CBN, to redesign naira notes from time to time.

Soludo also said that Anambra State will appropriately adjust and respond to the new policy by the Central Bank, adding that his State has no problem with that.

AlsoRead

Naira Loses ₦16.17 in October Despite Rising Reserves and Higher FX Turnover

Dollar Shortage Bites as Naira Falls 1.31% Despite CBN’s $1.98 Billion Injection

Naira Seen Holding in N1,290–N1,370 Range Through October

The former Central Bank governor made the statement while fielding questions on the Channels TV Politics Today programme on Thursday evening.

His statement comes days after CBN governor announced the redesigning of naira notes.

He said he would not comment on the policies of his successor at the apex bank, emphasizing that it is within the responsibility of it to do so.

“I told you not to push me. I am not going to, as a former governor of the Central Bank, I resist and I will resist you commenting on the policies of my successor in the office in whatever form and whatever way you put it.

“Anambra will respond as appropriate. Whatever circumstances that ride out from the central, the managerial authorities and physical authorities at the centre, whatever thing they decide and throw up and that is a national policy, be sure that Anambra will appropriately adjust and respond; so we have no problem with that,” he said.

He added, “By the way, in my own time, I got the naira redesigned. Just to make this point, I redesigned the N5, N10, N20, and N50 denominations and we got them in polymer; at least N5, N10, and N20.

“So it is not anything new. And I also introduced the N1000 note. Certainly, it is within the province of the Central Bank to redesign notes from time to time. It might be for security features, it might be for some other considerations. I am not here to speculate on the substance of their policies”.

Previous Post

Naira Surges Against Dollar Amid Growing Crypto Use in Nigeria

Next Post

CBN commits to protecting unbanked, underserved Nigerian rural dwellers

Related News

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Loses ₦16.17 in October Despite Rising Reserves and Higher FX Turnover

by Jide Omodele
November 4, 2026
0

The naira weakened across foreign exchange segments in October 2026, shedding ₦16.17 over the month even as external reserves climbed...

NEC Affirms CBN $3 Billion Loan for Naira Stability

Dollar Shortage Bites as Naira Falls 1.31% Despite CBN’s $1.98 Billion Injection

by Jide Omodele
November 4, 2026
0

The naira lost 1.31% in October even after the Central Bank of Nigeria pumped about $1.98 billion into the foreign...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Seen Holding in N1,290–N1,370 Range Through October

by Jide Omodele
October 19, 2026
0

The naira is expected to trade in a range of roughly N1,290 to N1,370 against the US dollar through the...

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

Naira Weakens to N1,332.10 at Official Window as Parallel Market Holds Steady

by Jide Omodele
October 14, 2026
0

The naira opened the week lower against the US dollar on the official foreign-exchange market, according to Central Bank of...

Next Post
Central Bank not under compulsion to provide dollars for flight ticket proceeds, says Governor

CBN commits to protecting unbanked, underserved Nigerian rural dwellers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Petrol Hits ₦1,370 in Lagos as Depot Price Hikes Feed Through to Pumps

November 6, 2026
Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

November 5, 2026

Popular Story

  • Petrol Hits ₦1,370 in Lagos as Depot Price Hikes Feed Through to Pumps

    0 shares
    Share 0 Tweet 0
  • Meta plans to cut 11,000 jobs in one of the year’s largest layoffs.

    0 shares
    Share 0 Tweet 0
  • Spotify Announces Cutting 1500 Jobs Amid Economic Challenges

    0 shares
    Share 0 Tweet 0
  • NNPC Remits ₦11.14 Trillion to Federation Account as Nine-Month Revenue Falls 28%

    0 shares
    Share 0 Tweet 0
  • OPay Announces New Job Opening for Sales Manager Position

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>