Suspended Central Bank of Nigeria (CBN) governor, Godwin Emefiele
The Central Bank of Nigeria has bowed to pressure announcing the extension of the deadline for the exchange of old naira notes by 10 days.
In a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023.
He also said N1.7 trillion worth of naira notes had been returned to banks so far — with N500 billion more to go.
Those who still have the old notes after February 10 will enjoy a seven-day “grace period” to deposit them directly with the CBN.
After February 17, the old notes will cease to be legal tender, the governor said.
CBN fines any bank N150m hoarding cash The Central Bank of Nigeria (CBN) has imposed a…
Lagos-Calabar coastal road: Train track work begins 2025, says minister The Federal Government plans to…
Three days to Christmas, food prices, transport fares hit the roof According to the Universal Declaration of Human…
Three Ogun varsity students die auto crash The Police Command in Ogun State has confirmed the…
Dangote, MRS agree to sell petrol at N935/litre nationwide Dangote Refinery has announced a partnership with…
How another Nigerian was allegedly murdered by four South Africans The Nigerian Citizens Association in South Africa…