BREAKING: CBN bows to pressure, extends deadline for old naira notes 

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.

MOUTHPIECE NGR recall that there has been an increased pressure on the Central Bank of Nigeria (CBN) to extend the January 31 dateline for phasing out old N1,000, N500 and N200 notes. Relevant stakeholders are also saying the deadline is not possible because the new notes are nowhere to be found.

Governor Abdullahi Umar Ganduje of Kano State, the Northern Elders Forum (NEF) and the Muslim Rights Concern (MURIC), among others, have added their voices for the extension of time or outright cancellation of the policy until the country is ripe.

They made the call with barely three days to the January 31 deadline as people across the country have decried untold hardship over their inability to access the redesigned naira notes from the banking hall or the Automated Teller Machines (ATMs).