By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Buhari Okays 10-day Extension Of Old Naira Notes Swap
Share
Sign In
Notification Show More
Latest News
Senate Leader Opeyemi pays tribute to late Buhari and Oba Adetona
Metro News Politics
OUK group mourns ex President Buhari exit
Metro News Politics
Anambra Communities in FCT hails Senate’s decision to immortalize late Speaker Anaekwe
Culture Metro News Politics
Lawyer speaks on senate constitution review
News Politics
Former Nigerian President Muhammadu Buhari dies at 82
News Politics Transition
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Economy > Buhari Okays 10-day Extension Of Old Naira Notes Swap
Economy

Buhari Okays 10-day Extension Of Old Naira Notes Swap

Publisher
By Publisher Published January 29, 2023
Share
3 Min Read
SHARE

President Muhammadu Buhari has approved the Central Bank of Nigeria’s (CBN) request for the extension of the deadline for swapping of old Naira notes to the redesigned ones.
The new deadline is January 31, 2023, to February 10, 2023.
A seven-day grace period, beginning on February 10 to February 17,2023, has also been approved to enable Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.
This followed the President’s meeting with the apex bank’s governor, Godwin Emefiele, in his country home in Daura, Katsina State on Sunday.
Emefiele briefed correspondents after the meeting, revealing that 75 percent of the N2.7 trillion held outside the banking system has been recovered.
He said: “We are happy that so far, the exercise has achieved a success rate of over 75 percent of the N2.7 trillion held outside the banking system. Nigerians in the rural areas, villages, the aged and vulnerable have had the opportunity to swap their old notes; leveraging the Agent Naira Swap initiative as well as the CBN Senior staff nationwide sensitization team exercise.
“Aside from those holding illicit/stolen Naira in their homes for speculative purposes, we do aim to give all Nigerians that have Naira legitimately earned and trapped, the opportunity to deposit their legitimately trapped monies at the CBN for exchange.
“Based on the foregoing, we have sought and obtained Mr President’s approval for the following:
“10-day extension of the deadline from
January 31, 2023, to February 10, 2023; to
legitimately held by Nigerians and achieve
more success in cash swap in our rural
communities after which all old notes outside the CBN losses their Legal tender Status.
“Our CBN staff currently on mass mobilization and monitoring together with officials of the EFCC and ICPC will work together to achieve these objectives.
“A 7-day grace period, beginning on February 10 to February 17,2023, in compliance with Sections 20(3) and 22 of the CBN Act allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.
“We therefore appeal to all Nigerians to work with the Central Bank of Nigeria to ensure a hitch free the implementation of this very important process for program.”

Like this:

Like Loading...

Related

You Might Also Like

Hon. Ugbor Lists Benefits of Legal Framework For Auto-Recycling As NADDC Launches ELV Implementation Programme

Access Bank Highlights Leadership at Climate Governance Initiative Launch

Institutional Resilience Key to Africa’s Future – Cardoso

CBN Affirms Banking Sector Stability, Releases Routine Transitional Guidelines for Select Banks

Season Rush: FIRS Directs Opening Of Tax Offices On Weekends

TAGGED: Buhari, Naira Notes Swap

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher January 29, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article 2023: Senator Nnamani Justifies His Preference For Tinubu Against Atiku
Next Article 2023 Elections: NANS Urges FG To Shut Schools To Allow Students Vote
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Senate Leader Opeyemi pays tribute to late Buhari and Oba Adetona
Metro News Politics July 14, 2025
OUK group mourns ex President Buhari exit
Metro News Politics July 14, 2025
Anambra Communities in FCT hails Senate’s decision to immortalize late Speaker Anaekwe
Culture Metro News Politics July 14, 2025
Lawyer speaks on senate constitution review
News Politics July 13, 2025

You Might also Like

EconomyMetroNewsTransportation

Hon. Ugbor Lists Benefits of Legal Framework For Auto-Recycling As NADDC Launches ELV Implementation Programme

July 5, 2025
BusinessEconomyNews

Access Bank Highlights Leadership at Climate Governance Initiative Launch

July 3, 2025
BusinessEconomyNews

Institutional Resilience Key to Africa’s Future – Cardoso

June 26, 2025
BusinessEconomyNews

CBN Affirms Banking Sector Stability, Releases Routine Transitional Guidelines for Select Banks

June 18, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d