BREAKING: CBN Extends New Naira Notes Deadline to February 10

The Central Bank of Nigeria has bowed to pressure and extended the deadline for exchange of old naira notes to February 10.

The apex bank decided to stretch the deadline by 10 days from the original January 31st deadline which was on Tuesday,

This was contained in a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023.

Emefiele said the CBN has Buhari’s permission to effect the extension. HE said so far CBN has collected 19 trillion and left with 900billion to achieve effective implementation of policy.

Recall the CBN Governor had earlier said on Saturday that the deadline would remain but has now back pedaled.

More to follow…