- CBN’s newly designed naira notes have since sparked different reactions from Nigerians across sectors
- Many who waited to see and feel the new notes before raising opinions have expressed disappointment in the new notes
- The CBN set a January 31, 2023 deadline for the depositing of the old notes with banks.
When the Central Bank of Nigeria decided to redesign some of Nigeria’s naira notes, they most likely did not envisage the dissatisfaction that it was going to generate. Even though some seem to be okay with the reasons for the new design and the eventual look, many seem to be totally unpleased with it.
In so many quarters, there have been allegations that the new naira notes fade when it comes in contact with water. There have also arisen counter allegations by some Nigerians who have actually carried out the water test to reveal that the notes do not fade.
