CBN Extends Old Naira Note Deadline

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President Muhammadu Buhari on Sunday in Daura, Katsina State, approved a 10-day extension of the deadline for the swapping of currency to new notes.

Our Correspondent in Katsina Aminu Shuwajo reports that the Governor of the Central Bank of Nigeria (CBN), who confirmed this to newsmen in Daura, Katsina State, revealed that the new deadline is now February 10.

Emefiele, who was in Daura on Sunday morning, had a closed door meeting with the Buhari, where he obtained the approval.

He said Nigerians, who were yet to change their Naira notes from the old to new ones, ”now have an opportunity to do so”.

The apex bank’s governor however cautioned that people must utilise the opportunity because the deadline would not be extended again.

Dandal Kura Radio recall recalls that the CBN had fixed Jan. 31 as the deadline for the legitimacy of the old Naira notes.

The redesigned Naira notes, comprising N200, N500 and N1,000, became legal tender on Dec. 15, 2022, after they were unveiled by Buhari on November 23, 2022, in Abuja.

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