• Latest
  • Trending
Nigeria’s central bank extends deadline to turn in old naira notes

Nigeria’s central bank extends deadline to turn in old naira notes

January 30, 2023
GOVERNOR OKPEBHOLO UNVEILS INTERNATIONAL EXCHANGE PROGRAMME FOR AAU STUDENTS

GOVERNOR OKPEBHOLO UNVEILS INTERNATIONAL EXCHANGE PROGRAMME FOR AAU STUDENTS

June 18, 2025
Diamond Jubilee of Chief Dakoni Vero Tangbowei Emmanuel Holds in Delta State

Diamond Jubilee of Chief Dakoni Vero Tangbowei Emmanuel Holds in Delta State

June 17, 2025
EDO PDP: THE LAST KICK OF A DYING HORSE – By Fred Itua

Gov Okpebholo takes Practical Steps Against Insecurity and Boundary Disputes- Ohonbamu

June 17, 2025
ADVERTISEMENT
EDPUBMA Boss, Okoyomoh Mohammed, Vows to Enforce Quality, Accountability in Edo Infrastructure Projects

IYEKOGBA COMMUNITY DEMANDS JUSTICE OVER COLD-BLOODED MURDER OF YOUTH

June 17, 2025
Edo State Is Rising Under the Watch of Governor Okpebholo — Ohonbamu 

BENIN FLOODING: GOV OKPEBHOLO MOVES TO END PERENNIAL DISASTER — TO REPLICATE AKWA IBOM, RIVERS FLOOD CONTROL MODEL

June 17, 2025
HERDSMEN-FARMERS CLASHES: GOV OKPEBHOLO INAUGURATES SECURITY, BOUNDARY COMMITTEES TO TACKLE INSECURITY, LAND DISPUTES IN EDO

HERDSMEN-FARMERS CLASHES: GOV OKPEBHOLO INAUGURATES SECURITY, BOUNDARY COMMITTEES TO TACKLE INSECURITY, LAND DISPUTES IN EDO

June 17, 2025
Edo Police Command Deploys Massive Security for Eid-el-Kabir Festivities

Edo Police Uncover Gruesome Kidnap/Murder Plot, Arrest Suspect

June 17, 2025
Police Recover Stolen Vehicle, Arrest Armed Suspect with Ammunition

Police Recover Stolen Vehicle, Arrest Armed Suspect with Ammunition

June 16, 2025
Gov Okpebholo Approves Return of Missionary Schools in Edo State

Gov Okpebholo Approves Return of Missionary Schools in Edo State

June 16, 2025
EDO STATE GOVERNOR UNVEILS BOLD PLAN TO HARNESS $7BN EDO DIASPORA REMITTANCES

EDO STATE GOVERNOR UNVEILS BOLD PLAN TO HARNESS $7BN EDO DIASPORA REMITTANCES

June 16, 2025
Foundation Builders and FONWIP Campaign Against Bullying

Foundation Builders and FONWIP Campaign Against Bullying

June 16, 2025
APC  Appoints New Acting Deputy State Chairman and Acting Edo Central Vice Chairman

APC Ward Secretary Dies After Collapsing on Farm in FCT

June 16, 2025
Retail
Wednesday, June 18, 2025
Login/Register
Advertise
  • Home
  • About Us
  • News
  • Entertainment
  • Music
  • Magazine
  • Contact us
No Result
View All Result
Obaland Magazine
No Result
View All Result
Home news

Nigeria’s central bank extends deadline to turn in old naira notes

loveth joyce by loveth joyce
January 30, 2023
in news
0
Nigeria’s central bank extends deadline to turn in old naira notes
Tweet
Share
Share
0 Shares

ABUJA, Jan 29 (Reuters) – Nigeria’s central bank will extend by 10 days a deadline for swapping old naira currency notes, it said in a statement on Sunday.

Nigerians will now have until Feb. 10 to turn in 1,000 ($2.17), 500 and 200 naira notes. The central bank (CBN) started releasing newly designed notes last month but many say they cannot find them at banks or cash machines.

YOU MAY ALSO LIKE

14-Year-Old Girl Fakes Own Kidnapping, Abducts 4-Year-Old Sister in Katsina

Tension Builds as Take It Back Movement Plans Nationwide Protests on Democracy Day

CBN Governor Godwin Emefiele, in a statement, said the new deadline would allow more of those in rural communities to exchange the old notes.

After the Feb. 10 deadline, the statement said, Nigerians would have a further seven days to deposit old notes directly with the CBN.

Nigerian legislators and opposition presidential candidate Atiku Abubakar had called on the central bank to extend the Jan 31 deadline. The latter said that an extension would help in “reducing the financial consequences for citizens”.

Nigeria, Africa’s largest economy, is still cash-reliant, particularly among the unbanked and rural communities. Many fear the push for new notes could disrupt business.

The CBN says recalling the notes is part of plans to reduce the use of cash. About 1.3 trillion naira in old notes has been deposited into the bank since the announcement in October, the bank has said.

Post Views: 469
Share
Tags: Benin CityEdo StateNigeria

Related Posts

14-Year-Old Girl Fakes Own Kidnapping, Abducts 4-Year-Old Sister in Katsina
news

14-Year-Old Girl Fakes Own Kidnapping, Abducts 4-Year-Old Sister in Katsina

June 12, 2025
Tension Builds as Take It Back Movement Plans Nationwide Protests on Democracy Day
news

Tension Builds as Take It Back Movement Plans Nationwide Protests on Democracy Day

June 12, 2025
Police Recover Arms, Motorcycle During Stop-and-Search Operation
news

Police Recover Arms, Motorcycle During Stop-and-Search Operation

June 11, 2025
Kidnappers Kill Delta Vigilante for Trailing Them*
news

Kidnappers Kill Delta Vigilante for Trailing Them

June 11, 2025
Tragedy Strikes Ghana: 19-Year-Old Nigerian Artiste Beaten to Death
news

Tragedy Strikes Ghana: 19-Year-Old Nigerian Artiste Beaten to Death

June 11, 2025
13 Defendants Arraigned for Alleged N4bn Diesel Diversion
news

13 Defendants Arraigned for Alleged N4bn Diesel Diversion

June 11, 2025

Search

No Result
View All Result

Recent Posts

  • GOVERNOR OKPEBHOLO UNVEILS INTERNATIONAL EXCHANGE PROGRAMME FOR AAU STUDENTS June 18, 2025
  • Diamond Jubilee of Chief Dakoni Vero Tangbowei Emmanuel Holds in Delta State June 17, 2025
  • Gov Okpebholo takes Practical Steps Against Insecurity and Boundary Disputes- Ohonbamu June 17, 2025
  • IYEKOGBA COMMUNITY DEMANDS JUSTICE OVER COLD-BLOODED MURDER OF YOUTH June 17, 2025
  • BENIN FLOODING: GOV OKPEBHOLO MOVES TO END PERENNIAL DISASTER — TO REPLICATE AKWA IBOM, RIVERS FLOOD CONTROL MODEL June 17, 2025
  • HERDSMEN-FARMERS CLASHES: GOV OKPEBHOLO INAUGURATES SECURITY, BOUNDARY COMMITTEES TO TACKLE INSECURITY, LAND DISPUTES IN EDO June 17, 2025
  • Edo Police Uncover Gruesome Kidnap/Murder Plot, Arrest Suspect June 17, 2025
  • Police Recover Stolen Vehicle, Arrest Armed Suspect with Ammunition June 16, 2025
  • Gov Okpebholo Approves Return of Missionary Schools in Edo State June 16, 2025
  • EDO STATE GOVERNOR UNVEILS BOLD PLAN TO HARNESS $7BN EDO DIASPORA REMITTANCES June 16, 2025

Categories

  • culture (3)
  • Electrical (13)
  • Entertainment (380)
  • fashion (11)
  • Feature (27)
  • Gist (26)
  • Gossip (34)
  • Government (347)
  • health (82)
  • history (11)
  • International (25)
  • INTERVIEW (8)
  • music (37)
  • Nature (3)
  • News (2,303)
  • news (1,519)
  • Non profit (12)
  • PHOTO (4)
  • Political (282)
  • press release (25)
  • Property (13)
  • review (17)
  • Science (8)
  • Sport (40)
  • Sports (286)
  • TECHNOLOGY (12)
  • Video (4)
  • world (95)

OUR SERVICE

OUR SERVICES
  • Privacy & Policy
  • Contact Us

All right reserved© 2023 Obaland magazine

No Result
View All Result
  • About
  • Account
  • Books
  • Checkout
  • CHOOSE FROM OUR PACKET
  • Contact us
  • Home
  • Login
  • Magazine
  • Member Directory
  • My Account
  • My Profile
  • Order Confirmation
  • Password Reset
  • Pop Francis passes away at 88
  • Privacy & Policy
  • Register
  • Reset Password
  • Sign Up

All right reserved© 2023 Obaland magazine

1
WhatsApp
Hello 👋
Can we help you?
Open chat