JUST IN: CENTRAL BANK BOWS TO PRESSURE; EXTENDS DEADLINE FOR OLD NAIRA NOTES USAGE
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By ‘Leke Yusuf
The Central Bank of Nigeria (CBN) has announced that old Naira will be accepted as legal tender until February 10, 2023.
In a press release signed by the Governor of the Central Bank, Godwin Emefiele; on Sunday, he said that there will be a 10-day cash return extension, till Feb 10, 2023, and then an extra 7-day “grace period”, till Feb 17, 2023.
Old notes retain legal tender status during the 10-initial extension day period, but not during the 7-day grace period.
FULL TEXT OF THE PRESS RELEASE:
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