The Central Bank of Nigeria, CBN, has given a fresh update on the deadline to phase out old naira notes.
CBN disclosed this on Monday in a bulk message to Nigerians.
Nigeria’s apex bank urged Nigerians not to wait until January 31, 2023, the deadline, before depositing their old naira N200, N500, N1,000 at the bank.
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 ordered all commercial banks to load their ATMs with the new naira notes.
The Director of Currency Operations, Mr Ahmed Umar, made this disclosure.
“We, CBN management, have ordered banks to stop putting old notes in their ATMs. They should only put the new notes,” he said.
Checks revealed that Maitama, Wuse, Jabi, Utako, Kubwa, and Gwarimpa areas of the Federal Capital Territory are yet to comply fully.
Folarin Kehinde is an Abuja-based journalist with over 5 years of experience in journalism. His work has earned him national and international recognition across various beats, including environment, health and politics.
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