CBN Extends Deadline For Use Of Old Naira Note

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The National Bank of Nigeria (CBN) has expanded the lapse of the old banknotes until February 10, 2023.

CBN Lead representative Godwin Emefiele declared the expansion in an explanation endorsed by the Proprietor. japan, January 29, 2023

This comes after Nigerians mentioned an expansion of the cutoff time, seeing a shortage of new banknotes available for use.

The legislative leader of CBN has recently demanded he won’t extend the strategy, saying kidnappings and payoffs have diminished since the upgrade of the three notes.

He additionally said that the distributed chance to trade old naira for new is enough for Nigerians to go to business banks and get new cash.