Posted by The Central Bank of Nigeria, CBN, set a limit of only 18 days for the cessation of the circulation of the old Naira notes, and the top bank has said it won’t extend the date.
The CBN informed Nigerians in a Facebook post on its verified page on Friday that the new notes of N200, N500, and N1000 would stop being accepted as legal money on January 31.
Recall that President Muhammadu Buhari officially unveiled the redesigned N200, N500, and N1000 notes on November 23, 2022, at the CBN.
Beginning on December 15, 2022, the new currency notes were in use.
Nigerians should return their old notes before the deadline, the apex bank advised.
A friendly reminder that the former series of N200, N500, and N1000 notes will no longer be accepted as legal money on January 31, 2023.
You are once more urged to deliver them to your bank before to the deadline, CBN stated.