The black sheep usually doesn't follow the crowd because every once in a while, the crowd is literally going the wrong way in mass

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 The black sheep usually doesn't follow the crowd because every once in a while, the crowd is literally going the wrong way in mass   The black sheep usually doesn't follow the crowd because every once in a while, the crowd is literally going the wrong way in mass  It takes a black sheep to stand out and say, 'Hey, I think we're headed off a cliff here!' They may be labeled as outcasts or rebels, but in reality, they're the ones who are brave enough to challenge the status quo and forge their own path. Let's celebrate the black sheep in our lives - the ones who inspire us to think differently, to question the norms, and to embrace our individuality.

CBN to release re-designed Naira notes December, begins mop up of N3.23tr to tackle inflation

CBN to release re-designed Naira notes December, begins mop up of N3.23tr to tackle inflation


The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022.

He also said that existing notes would seize to be regarded as legal tender by January 31, 2023.

Emefiele disclosed this during a press briefing in Abuja on Wednesday.

The CBN said that it is worrisome that 85 percent of the currency in circulation is being hoarded by Nigerians.

He further urged Nigerians to proceed to their banks to deposit their Naira notes, adding that the deposit fee would be waived for transactions below N150,000.

Emefiele added that the redesigning of Naira notes would help to curb counterfeit notes, as well as hamper ransom payments to terrorists and kidnappers.

He also said that the Central Bank of Nigeria will in the next 100 days mop up N3.23 trillion from circulation to tackle rising inflation.

He said that of the N3.23 trillion cash in circulation as of September 2022, N2.73 trillion is outside the vault of banks.

Emefiele said both the funds within and outside the banking system will be mopped up from today till January 31, 2023 to the CBN’s vault to control rising inflation.

He said that of the N3.23 trillion cash in circulation as of September 2022, N2.73 trillion is outside the vault of banks.

Emefiele said both the funds within and outside the banking system will be mopped up from today till January 31, 2023 to the CBN’s vault to control rising inflation.

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