Buhari Approves 10-day Extension For Old Naira Notes Phaseout
Buhari Approves 10-day Extension For Old Naira Notes Phaseout Mary Akanbi 29th January, 2023 President Muhammadu Buhari has approved a 10-day extension for Nigerians to swap their old N1,000, N500 and N200 notes for the new ones. Central Bank of Nigeria (CBN) governor Godwin Emefiele spoke with reporters after a meeting with President Muhammadu Buhari in his Daura country home. He said banks will continue to give out the new notes in exchange for the old ones till February 10, 2023 The CBN Governor, who visited the President from around 11am, also said from February 10, Nigerians will have the grace of visiting the CBN to deposit their old notes for new ones for another seven days, which ends on February 17, 2023. “We have today sought and obtained Mr. President’s approval for the following: one, a 10 day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for collection of more old notes, legitimately held by Nigerians and achieve more success i...