CBN Deadline for Old Naira Notes : The Central Bank of Nigeria has announced its new policy. CBN has declared a new deadline about Naira Notes. In addition, the residents of Nigeria city have been faced the problem regarding new redesigned currency. Here we will delve into information about new deadline.
CBN Deadline : Table
| CBN Deadline | A Deadline for the exchange of old Naira notes |
| Valid | till 10 April |
CBN Deadline for Old Naira Notes: Latest Update on the Extension
The Central Bank of Nigeria (CBN) had earlier set a deadline for the exchange of old Naira notes, which was slated for February 1st, 2023. However, due to some unforeseen circumstances, the CBN extended the deadline for the exchange of old notes till February 10th, 2023. This decision has generated mixed reactions from various quarters in Nigeria. In recent news, there have been updates on the extension of the deadline for the exchange of old Naira notes.
CBN Extends Deadline for Old Notes
In a recent statement, the CBN has extended the deadline for the exchange of old Naira notes. The new deadline is now April 10th, 2023. This extension was made known by the Governor of the CBN, Godwin Emefiele, who stated that the extension was to give Nigerians more time to exchange their old Naira notes.
Update on CBN Deadline
President Muhammadu Buhari also approved the continued use of old N200 notes for transactions, according to Premium Times Nigeria. However, this does not mean that the deadline for the exchange of the old notes has been completely lifted. Furthermore, Governor Emefiele has urged Nigerians to take advantage of the extension to exchange their old notes before the deadline.
Old Currency Deadline
The decision to extend the deadline for the exchange of old Naira notes has generated mixed reactions in Nigeria. While some have applauded the extension, others have criticized it. According to Vanguard, there is no need to extend the deadline as the CBN has given enough time for people to exchange their old notes.
Latest News on Old Naira Note Today
In a recent development, the Governor of Kaduna State, Nasir El-Rufai, stated that the old Naira notes will remain valid for the next 100 years. This statement has generated reactions from Nigerians, with some questioning the credibility of such a statement.
The extension of the deadline for the exchange of old Naira notes has been a subject of debate in Nigeria. While some have welcomed the extension, others have criticized it. However, it is important to note that the CBN has extended the deadline till April 10th, 2023. Therefore, Nigerians who are yet to exchange their old notes should take advantage of the extension before the deadline.
Frequently Asked Questions (FAQs)
- What is the new deadline for the exchange of old Naira notes?
The new deadline for the exchange of old Naira notes is April 10th, 2023.
- Why did the CBN extend the deadline for the exchange of old Naira notes?
The CBN extended the deadline to give Nigerians more time to exchange their old Naira notes.
- Can I still use my old Naira notes after the new deadline?
No, you cannot use your old Naira notes after the new deadline. The old Naira notes will no longer be legal tender after April 10th, 2023.
- Can I exchange my old Naira notes at any bank?
Yes, you can exchange your old Naira notes at any bank that is licensed by the CBN.
- What denominations of Naira notes are affected by the exchange?
The exchange affects all denominations of Naira notes, including N50, N100, N200, N500, and N1000.
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