Business
Old Naira notes: CBN rules out extension of January 31 deadline
The Central Bank of Nigeria (CBN) has ruled out the extension of the deadline for the withdrawal of old Naira notes from circulation.
The Central Bank of Nigeria (CBN) had said in October that the old Naira notes would be withdrawn from circulation on January 31, 2023.
President Muhammadu Buhari unveiled the new N200, N500, and N1,000 notes last week in Abuja.
The CBN ruled the extension of the deadline in a series of tweets on its Twitter handle on Friday.
The apex bank wrote: “The current series of N200, N500, and N1,000 notes remain legal tender until the deadline of January 31, 2023.”
Meanwhile, the CBN has revealed that there is a Mint Tracking System (MTS) to track initial recipients of new banknotes when cases of illegal sale of new banknotes arise.
The Deputy Director of Currency Operations Department, CBN, Amina Abdumalik Halidu-Giwa, disclosed this at a webinar organised by the Nsukka and District Society (NDS) arm of the Institute of Chartered Accountants (ICAN) in Abuja.
-
Football3 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business3 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Featured3 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest2 days agoNFF denies calling for Infantino’s resignation
-
Business3 days agoNNPC faces fresh scrutiny over oil licensing, production claims, transparency
-
Business1 week agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Business3 days agoNaira at ₦1,360/$: Can the currency’s new stability last?
-
Latest3 days agoMessi reportedly faced multiple bomb threats during 2026 World Cup