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. This is coming few days after the CBN Governor, Godwin Emefiele, had on January 24 insisted that the CBN will not extend the January 31st deadline for the old naira notes. Speaking at the post Monetary Policy Committee briefing of the bank in Abuja on Tuesday, Emefiele said, “I don’t have good news for those who want deadline of old naira to be changed because we will not move it.
People are holding and vaulting the naira in their houses and they don’t have the license to do that, because they use it to speculate on the naira.”
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