Nigeria’s President, Muhammadu Buhari has approved a 10-day extension for Nigerians to swap their old N1,000, N500 and N200 notes for the new ones.
Central Bank of Nigeria (CBN) governor Godwin Emefiele spoke with reporters after a meeting with President Muhammadu Buhari in his Daura country home.
Central Bank of Nigeria (CBN) governor Godwin Emefiele spoke with reporters after a meeting with President Muhammadu Buhari in his Daura country home. He said banks will continue to give out the new notes in exchange for the old ones till February 10, 2023.
“We have today sought and obtained Mr. President’s approval for the following: one, a 10 day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for collection of more old notes, legitimately held by Nigerians and achieve more success in cash swap in rural areas in our villages and communities, after which all old notes outside the CBN lose their legal tender status.
