Naira Redesign Policy: APC Governors To File Contempt Charge Against Malami, Emefiele

UPDATE: CBN Bows To Pressure, Extends Old Notes Deadline By 10 Days

by Victor Ndubuisi
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The Central Bank of Nigeria (CBN) has ultimately extended by ten days the deadline for exchanging old Naira notes.

The CBN Governor, Godwin Emefiele, said in a statement on Sunday that the extension had the approval of President Muhmmadu Buhari.

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Emefiele noted that the CBN has received 1.9 trillion and has left with 900 billion to achieve effective policy implementation.

The new deadline, according to the apex bank chairman, is February 10, 2023.

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