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CBN Extends Deadline for Use of Old Naira Notes to 10th February 2023
Abstract：The Central Bank governor - Mr. Godwin Emefiele has announced an extension of the deadline for the use of old Naira notes to February 10, 2023. This was revealed early Sunday morning after his meeting with the president at his hometown in Daura, Katsina State.
By: Damian Okonkwo
The Central Bank of Nigeria (CBN) has announced an extension of the deadline for the use of old Naira notes. According to the CBN Governor, Godwin Emefiele, the deadline has been extended from 31st December 2022 to 10th February 2023.
The CBN had earlier declared that the old Naira notes would be phased out and no longer be legal tender as of 31st December 2022. However, due to the challenges posed by the COVID-19 pandemic and its impact on the economy, the CBN has decided to extend the deadline to give Nigerians more time to exchange their old notes.
The CBN has assured the public that all banking services, including automated teller machines (ATMs) and point-of-sale (POS) terminals, will continue to accept the old Naira notes until 10th February 2023. However, after this date, the old notes will no longer be accepted for transactions and the public will be required to exchange them for new Naira notes at any commercial bank.
The CBN Governor, Godwin Emefiele, has urged the public to take advantage of the extended deadline to exchange their old Naira notes for new ones, emphasizing that the exercise will help to improve the quality and efficiency of the nation's currency.
In conclusion, the CBN's decision to extend the deadline for the use of old Naira notes is a welcome development that will provide Nigerians with more time to exchange their old notes. The public is advised to take advantage of this opportunity to exchange their old notes and support the CBN's efforts to improve the quality of the nation's currency.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Fidelity Exposed: Traders Complain About Withdrawal Denials, Frozen Accounts & Platform Glitches
Does Fidelity Investments prevent you from accessing funds despite numerous assurances on your requests? Do you witness an account freeze by the US-based forex broker every time you request withdrawal access? Do you struggle with an unstable trading platform here? Is the slow Fidelity customer service making you face forced liquidation? These issues haunt traders, with many of them voicing their frustration on several broker review platforms such as WikiFX. In this Fidelity review article, we have shared quite a few complaints for you to look at. Read on!
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Exposing The Trading Pit: Traders Blame the Broker for Unfair Withdrawal Denials & Account Blocks
Did you receive contradictory emails from The Trading Pit, with one approving payout and another rejecting it, citing trading rule violations? Did you purchase multiple trading accounts but receive a payout on only one of them? Did The Trading Pit prop firm refund you for the remaining accounts without clear reasoning? Did you face account bans despite using limited margins and keeping investment risks to a minimum? These are some raging complaints found under The Trading Pit review. We will share some of these complaints in this article. Take a look.
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M&G Review: Traders Report Fund Scams, Misleading Market Info & False Return Promises
Applying for multiple withdrawals at M&G Investments but not getting it into your bank account? Do you see the uncredited withdrawal funds out of your forex trading account on the M&G login? Does the customer support service fail to address this trading issue? Does the misleading market information provided on this forex broker’s trading platform make you lose all your invested capital? Were you lured into investing under the promise of guaranteed forex returns? These issues have become highly common for traders at M&G Investments. In this M&G review article, we have echoed investor sentiments through their complaint screenshots. Take a look!
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INZO Broker MT5 Review 2025: A Trader's Guide to Features, Fees and Risks
INZO is a foreign exchange (Forex) and Contracts for Difference (CFD) brokerage company that started working in 2021. The company is registered in Saint Vincent and the Grenadines and regulated offshore. It focuses on serving clients around the world by giving them access to popular trading platforms, especially MetaTrader 5 (MT5) and cTrader. The company offers different types of trading instruments, from currency pairs to cryptocurrencies. It aims to help both new and experienced traders. Read on to know more about it.
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