The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, has gotten the approval of President Muhammadu Buhari, to extend the legality of the old Naira notes by 10 days.
CBN announced a 10-day extension of the deadline for the use of old naira notes across Nigeria while deposit of old notes would end by February 17, 2023.
The CBN governor, who spoke to journalists Sunday morning, said he had the approval of President Muhammadu Buhari for the extension.
The new deadline is now 10 February instead of the former 31 January deadline, he said.
Mr Emefiele spoke in Daura, Katsina State, after a meeting with the president who is in his home state for official duties.
Mr Emefiele said Nigerians, who are yet to change their naira notes from the old to new ones, now have an opportunity to do so.
He said people must utilize the opportunity because the deadline will not be extended again.
CBN last October introduced redesigned 200, 500 and 1000 naira notes and gave a deadline of 31st January for the use of the old notes.
However, the new notes have been scarce, thus leading to calls for an extension.
