After several criticism by some Nigerians, the Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.In a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023.

The Central Bank of Nigeria has been asked by the House of Representatives to extend the window for accepting old naira notes by six months.Additionally, the House decided to invite the CBN, a few managing directors from various banks, and others to inform the leadership of the House about the availability of the notes.The choice was made in response to a motion of urgent public importance made by Katsina State lawmaker Sada Soli.He claimed that because traders have...

The Central Bank of Nigeria (CBN) was urged by the Nigerian Senate on Tuesday to continue collecting old Naira notes through July 31, 2023.Following a lengthy debate, the upper legislative chamber decided on the new deadline and adopted a resolution to that effect.The lawmakers claimed that the Apex Bank had abandoned the earlier resolution from December 2022 as a backdrop to this.The notes in the denominations of N200, N500, and N1000 have been redesigned and are c...