• Business - Economy
  • Updated: January 16, 2023

Naira Redesign: Don't Wait Until Deadline Before Depositing Old Notes, CBN To Nigerians

The Central Bank of Nigeria (CBN) has given a fresh update on the deadline for the stoppage of the circulation of the old naira notes, urging Nigerians not to wait until January 31, 2023, which is the deadline, before depositing their old naira N200, N500, N1,000 at the bank.

CBN disclosed this on Monday in a bulk message to Nigerians.

“Don’t wait till January 31, 2023, to deposit your old N200, N500, and N1,000 banknotes with your bank or agent”, the SMS reads.

Earlier, the CBN disclosed that it has pushed a lot of the newly redesigned currency notes into circulation.

Godfrey Koyor, the CBN Lagos Branch Controller, disclosed this saying; “We are giving everyone the assurance that the new naira notes are available and available to everyone.

"We are distributing through the banking system. And as the transaction takes place, you are going to be having the new ones."

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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

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