{"id":75309,"date":"2022-10-30T11:17:26","date_gmt":"2022-10-30T10:17:26","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-redesign-we-followed-due-process-cbn-insists"},"modified":"2022-10-30T12:29:28","modified_gmt":"2022-10-30T11:29:28","slug":"naira-redesign-we-followed-due-process-cbn-insists","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists","title":{"rendered":"Naira redesign: We followed due process \u2013 CBN insists"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Central Bank of Nigeria (CBN) on Saturday said it followed due process in its decision to redesign some denominations of the naira, insisting that the exercise was twelve years overdue.<\/p>\n<p>CBN made this known via its Twitter account, urging Nigerians to back the measure as it was in the overall interest of the nation.<\/p>\n<p>This is coming after recent comments by Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, that the ministry wasn\u2019t consulted by the CBN before the decision was taken.<\/p>\n<p>\u201cCBN insists it followed the law, due process for Naira redesign, says exercise is 12 years overdue,\u201d CBN tweeted.<\/p>\n<p>\u201cThe CBN urges Nigerians to support the currency redesign project, which is in the overall interest of every citizen of the country.<\/p>\n<p>\u201cCBN had tarried for too long considering that it had to wait 20 years to carry out a redesign, whereas the standard practice globally was for central banks to redesign, produce and circulate new local legal tender every five to eight years.<\/p>\n<p>\u201cPresident Muhammadu Buhari approves redesign, production, and circulation of new series of N200, N500, and N1,000 banknotes.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Central Bank of Nigeria (CBN) on Saturday said it followed due process in its decision to redesign some denominations of the naira, insisting that the exercise was twelve years overdue. CBN made this known via its Twitter account, urging Nigerians to back the measure as it was in the overall interest [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":75308,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,9018,254],"class_list":["post-75309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-naira-redesign","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Naira redesign: We followed due process \u2013 CBN insists - Nigeria<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) on Saturday said it followed due process in its decision to redesign some denomination ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira redesign: We followed due process \u2013 CBN insists\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria (CBN) on Saturday said it followed due process in its decision to redesign some denomination ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-30T10:17:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-30T11:29:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira redesign: We followed due process \u2013 CBN insists\",\"datePublished\":\"2022-10-30T10:17:26+00:00\",\"dateModified\":\"2022-10-30T11:29:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists\"},\"wordCount\":205,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"Naira redesign\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists\",\"name\":\"Naira redesign: We followed due process \u2013 CBN insists - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg\",\"datePublished\":\"2022-10-30T10:17:26+00:00\",\"dateModified\":\"2022-10-30T11:29:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Central Bank of Nigeria (CBN) on Saturday said it followed due process in its decision to redesign some denomination ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg\",\"width\":1200,\"height\":675,\"caption\":\"Naira redesign: We followed due process \u2013 CBN insists\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Naira redesign: We followed due process \u2013 CBN insists\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Naira redesign: We followed due process \u2013 CBN insists - Nigeria","description":"The Central Bank of Nigeria (CBN) on Saturday said it followed due process in its decision to redesign some denomination ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists","og_locale":"en_US","og_type":"article","og_title":"Naira redesign: We followed due process \u2013 CBN insists","og_description":"The Central Bank of Nigeria (CBN) on Saturday said it followed due process in its decision to redesign some denomination ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists","og_site_name":"Nigeria","article_published_time":"2022-10-30T10:17:26+00:00","article_modified_time":"2022-10-30T11:29:28+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Naira redesign: We followed due process \u2013 CBN insists","datePublished":"2022-10-30T10:17:26+00:00","dateModified":"2022-10-30T11:29:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists"},"wordCount":205,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg","keywords":["Africa Press","Africa Press-Nigeria","CBN","Naira redesign","Nigeria"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists","name":"Naira redesign: We followed due process \u2013 CBN insists - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg","datePublished":"2022-10-30T10:17:26+00:00","dateModified":"2022-10-30T11:29:28+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Central Bank of Nigeria (CBN) on Saturday said it followed due process in its decision to redesign some denomination ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_4-635e5fff0e78c.jpg","width":1200,"height":675,"caption":"Naira redesign: We followed due process \u2013 CBN insists"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-redesign-we-followed-due-process-cbn-insists#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Naira redesign: We followed due process \u2013 CBN insists"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/75309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=75309"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/75309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/75308"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=75309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=75309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=75309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}