Just In: CBN extends deadline for old naira notes to Feb

The Central Bank of Nigeria has extended deadline for the swapping of old naira notes till February 10, 2023.The CBN stated this in a release on Sunday.

 

CBN Gov. says it has Buhari’s permission to effect the extension. Emefiele says so far CBN has collected 1.9 trillion and left with 900billion to achieve effective implementation of policy. 

Mr. Emefiele disclosed in Daura, Katsina State, after a meeting with the president who is in his home state for official duties futher said Nigerians, who are yet to change their naira notes from the old to new ones, now have an opportunity to do so.
The CBN governor urged that the people must utilize the opportunity because the deadline will not be extended again.

Mr. Emefiele did not elaborate on what the central bank was doing to resolve the scarcity of the new notes.

Peoplesmind