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.
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