President Muhammadu Buhari has approved the Central Bank of Nigeria's (CBN) request for the extension of the deadline for swapping of old Naira notes with the
President Muhammadu Buhari has approved the Central Bank of Nigeria’s request for the extension of the deadline for swapping of old Naira notes with the redesigned ones.Also, a seven-day grace period, beginning on February 10 to February 17, 2023, has also been approved to enable Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.
Emefiele briefed correspondents after the meeting, revealing that 75 per cent of the N2.7 trillion held outside the banking system has been recovered.He said: “We are happy that so far, the exercise has achieved a success rate of over 75 percent of the N2.7trillion held outside the banking system.
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