{"id":75632,"date":"2022-11-04T11:17:38","date_gmt":"2022-11-04T10:17:38","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/why-nigeria-is-introducing-new-naira-notes"},"modified":"2022-11-04T12:30:58","modified_gmt":"2022-11-04T11:30:58","slug":"why-nigeria-is-introducing-new-naira-notes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/why-nigeria-is-introducing-new-naira-notes","title":{"rendered":"Why Nigeria Is Introducing New Naira Notes"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>In a few days, Nigeria will be printing new Naira notes and Nigerians will have to exchange the old currency for the new one.<\/p>\n<p>The Central Bank of Nigeria says this move will help check inflation, discourage ransom payment and boost the value of the Naira.<\/p>\n<p>In 2020, the apex bank spent about 59 billion Naira to print new notes valued at about one trillion Naira. Going by this estimate, Nigeria might be spending about 176 billion Naira this time to print the 3.2 trillion Naira in circulation.<\/p>\n<p><iframe loading=\"lazy\" title=\"Why Nigeria Is Introducing New Naira Notes\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/UvslmQTe1lU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/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. In a few days, Nigeria will be printing new Naira notes and Nigerians will have to exchange the old currency for the new one. The Central Bank of Nigeria says this move will help check inflation, discourage ransom payment and boost the value of the Naira. In 2020, the apex bank spent [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":75631,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14,21],"tags":[1570,2140,9092,254,9091],"class_list":["post-75632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","category-video","tag-africa-press","tag-africa-press-nigeria-2","tag-new-naira-notes","tag-nigeria","tag-nigerian-naira"],"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>Why Nigeria Is Introducing New Naira Notes - Nigeria<\/title>\n<meta name=\"description\" content=\"In a few days, Nigeria will be printing new Naira notes and Nigerians will have to exchange the old currency for the new ...\" \/>\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\/policy\/why-nigeria-is-introducing-new-naira-notes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Nigeria Is Introducing New Naira Notes\" \/>\n<meta property=\"og:description\" content=\"In a few days, Nigeria will be printing new Naira notes and Nigerians will have to exchange the old currency for the new ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/why-nigeria-is-introducing-new-naira-notes\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-04T10:17:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-04T11:30:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/11\/postQueueImg_1-6364f7ba81aba.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\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\/policy\/why-nigeria-is-introducing-new-naira-notes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/why-nigeria-is-introducing-new-naira-notes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Why Nigeria Is Introducing New Naira Notes\",\"datePublished\":\"2022-11-04T10:17:38+00:00\",\"dateModified\":\"2022-11-04T11:30:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/why-nigeria-is-introducing-new-naira-notes\"},\"wordCount\":111,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/why-nigeria-is-introducing-new-naira-notes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/11\/postQueueImg_1-6364f7ba81aba.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"New Naira Notes\",\"Nigeria\",\"Nigerian Naira\"],\"articleSection\":[\"all news\",\"Policy\",\"video\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/why-nigeria-is-introducing-new-naira-notes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/why-nigeria-is-introducing-new-naira-notes\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/why-nigeria-is-introducing-new-naira-notes\",\"name\":\"Why Nigeria Is Introducing New Naira Notes - 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