CBN Extends Deadline for Old Naira Note Usage

CBN extends old naira notes deadline for 10 days. Governor Emefiele announces the new deadline of Feb 10 with President Buhari’s approval. Emefiele spoke in Daura after meeting with Buhari during his official visit. Nigerians given another chance to change notes, no further extensions.

PREMIUM TIMES reports CBN’s redesign of 200, 500 and 1000 naira notes in Oct, with original deadline for old notes use set for Jan 31st. New notes scarce, leading to calls for deadline extension.

Emefiele didn’t detail CBN’s plan to address new notes scarcity.

Source: Premium Times

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