new naira notes

6 Things You Need to Know about the New Naira Notes as POS Business Owner 

Hey Partner, the new notes are finally here to stay, and we thought to share a few things you need to know about it as a POS Business Owner. Check out the list below:

1. The new note was launched on Wednesday, 23rd November 2022. It includes the three highest denominations of the Nigerian currency: N200, N500, and N1,000. 

2. The introduction of new notes was a step by the government to check corruption, and counterfeiting of the notes, monitor the withdrawal process and keeping of bulk cash. 

3. The new notes begin circulation on Thursday, 15th of December 2022, and will also be used alongside the old notes until January 31st 2023.

4. The old notes would still be valid until the 31st of January 2023, and the deadline will not be extended. Ensure you deposit all old notes on or before the deadline to avoid the crowd at the banks or denial.

5. Educate and inform your customers so that they are aware and do not bring the old notes to your location after the deadline. 

6. Beware of fraudsters who may want to perform transactions, e.g., funds transfer using fake currency.

For more information, follow us @paycentreafrica on Facebook, Instagram, and Twitter. You can also reach our support team for help via 09087792971 or send us a message on WhatsApp at 07036918616

9 thoughts on “6 Things You Need to Know about the New Naira Notes as POS Business Owner ”

  1. I don’t see any good reason of this changes made, as for corruption it comes from the so called govt, they are just chasing shadows…

    Thanks anyways for the information

  2. I do appreciate the information, you guys are the best.
    How i wish the redesigning of the naira note will really curb the corruption in Nigeria.

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