Old Naira Notes: CBN insists on Jan 31 deadline, shuns calls for extension | The Guardian Nigeria News


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With only just five working days left to phasing out old N1,000, N500 and N200 notes, anxious citizens are at their wits’ end over who blinks first, as the Central Bank of Nigeria (CBN) remains defiant, insisting there is no going back on the January 31 deadline despite a motion by the two chambers of the National Assembly, asking the apex bank to extend the deadline for acceptance of the old naira notes.

The lawmakers’ resolution is coming after the Nigeria Governors’ Forum (NGF), Bank Customers Association of Nigeria (BCAN) and a host of other stakeholders have expressed concerns and made appeals…

Source: Guardian Newspaper