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CBN Extends Deadline for Use of Old Naira Notes to 10th February 2023
Abstract：The Central Bank governor - Mr. Godwin Emefiele has announced an extension of the deadline for the use of old Naira notes to February 10, 2023. This was revealed early Sunday morning after his meeting with the president at his hometown in Daura, Katsina State.
By: Damian Okonkwo
The Central Bank of Nigeria (CBN) has announced an extension of the deadline for the use of old Naira notes. According to the CBN Governor, Godwin Emefiele, the deadline has been extended from 31st December 2022 to 10th February 2023.
The CBN had earlier declared that the old Naira notes would be phased out and no longer be legal tender as of 31st December 2022. However, due to the challenges posed by the COVID-19 pandemic and its impact on the economy, the CBN has decided to extend the deadline to give Nigerians more time to exchange their old notes.
The CBN has assured the public that all banking services, including automated teller machines (ATMs) and point-of-sale (POS) terminals, will continue to accept the old Naira notes until 10th February 2023. However, after this date, the old notes will no longer be accepted for transactions and the public will be required to exchange them for new Naira notes at any commercial bank.
The CBN Governor, Godwin Emefiele, has urged the public to take advantage of the extended deadline to exchange their old Naira notes for new ones, emphasizing that the exercise will help to improve the quality and efficiency of the nation's currency.
In conclusion, the CBN's decision to extend the deadline for the use of old Naira notes is a welcome development that will provide Nigerians with more time to exchange their old notes. The public is advised to take advantage of this opportunity to exchange their old notes and support the CBN's efforts to improve the quality of the nation's currency.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Prop Firm Tradeify Signs ‘The Nuke’ as Global Brand Ambassador
Miami-based prop trading firm Tradeify has officially announced a major long-term partnership with Luke “The Nuke” Littler, the current World Number 1 and reigning 2024/2025 PDC Darts World Champion. Littler joins Tradeify as its new Global Brand Ambassador, marking one of the company’s most significant branding investments to date.
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【WikiEXPO Global Expert Interviews】Sheikh Muhammad Noman: The Future of Investment in the GCC
As WikiEXPO Dubai concludes successfully, we had the pleasure of interviewing Sheikh Muhammad Noman, the Founder and CEO of Pegasus Capital, brings over 20 years of profound expertise as an Investment Professional. He specializes in investment securities, risk calculations, financial engineering, and structuring business models with minimal risk. As a Founder and Business Development Partner, he oversees diversified investment and business portfolios for leading family offices throughout the GCC region, with a focus on sectors such as green energy, digital assets, and finance. His deep understanding of financial markets has been instrumental in crafting strategic investment solutions that significantly enhance portfolio performance.
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Seacrest Markets Exposed: Are You Facing Payout Denials and Spread Issues with This Prop Firm?
Seacrest Markets has garnered wrath from traders owing to a variety of reasons, including payout denials for traders winning trading challenges, high slippage causing losses, the lack of response from the customer support official to address withdrawal issues, and more. Irritated by these trading inefficiencies, a lot of traders have given a negative review of Seacrest Markets prop firm. In this article, we have shared some of them. Take a look!
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GKFX Review: Are Traders Facing Slippage and Account Freeze Issues?
Witnessing capital losses despite tall investment return assurances by GKFX officials? Do these officials sound too difficult for you to judge, whether they offer real or fake advice? Do you encounter slippage issues causing a profit reduction on the GKFX login? Is account freezing usual at GKFX? Does the United Kingdom-based forex broker prevent you from accessing withdrawals? You are not alone! In this GKFX review guide, we have shared the complaints. Take a look!
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