The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10.
The extension was announced in a statement today by the CBN Governor, Godwin Emefiele.
The 10 days extension he said has the approval of President Muhammadu Buhari.
“Based on the foregoing, we have sought and obtained Mr President’s approval for the following: A 10-day extension of the deadline from January 31 to February 10.
“A 7-day grace period, beginning from February 10 to February 17, in compliance with Sections 20(3) and 22 of the CBN Act allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender Status.”
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