The new naira notes in the denominations of N200, N500, and N1,000 were introduced by the President, Major General Muhammadu Buhari (retd.).

The central bank will have sufficient control over the amount of money in circulation, he claimed.

Additionally, the CBN governor said that Nigerians had plenty of time to return the outdated currency, and that the central bank will not extend the deadline.

Punch.