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Breaking News! The Central Bank of Nigeria (CBN) Extends Deadline For Exchange Of The Naira

The Central Bank of Nigeria (CBN) has eventually extended the deadline for the exchange of old naira notes at commercial banks by 10 days.

Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023, he described as it as “grace period." 

This was made known via a press statement issued on Sunday,

Therefore, Nigerians will still be able to deposit their old notes directly with the CBN until February 17, 2023 

Nigerians are having a difficult time due to the inability to swap their old notes for the new designs as the January 31 deadline approaches.

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