The Central Bank of Nigeria (CBN) has restated its resolve to phase out outdated naira notes over the next 57 daysThe former naira notes, which the top bank revised, comprise the 200, 500, and 1,000 notesDespite appeals from lawmakers and groups for an extension, the CBN emphasized that there would be no deadline changeThe Central Bank of Nigeria (CBN) has ruled out the deadline extension for withdrawing old Naira notes from circulation.CBN had said in October that the old Naira notes would seize to be legal tender from circulation on January 31, 2023.This means from today, Monday, 5th December, the old notes have only 56 days.In a new Twitter post, CBN reiterated there would be no deadline extension to the phase-out of the old notes.
Oluwatoyin Luqman Bolakale is a graduate of Telecommunications Science, A Certified and etch network security specialist from International cyber security institute and specialised in Network security, mobile and wireless communications, He is a community developer and An Online Media Practioner currently the CEO/Publisher of Satcom Media