Date For Phase Out Of Old Naira Notes Will Not Be Shifted – Emefiele

The Central Bank of Nigeria has reaffirmed its resolve not to extend the January 31st 2023 deadline for phasing out of certain denominations of Naira notes.

CBN Governor Godwin Emefiele stated this today Tuesday after the CBN First MPC Meeting of the year. He said the phase out date remains sacrosanct.

Governor Emefiele said a hundred days for Nigerians to deposit all the old currencies with the banks is enough.

This is coming on the heels of appeals by  Nigerians for a shift.