The new naira note: CBN extends deadline for old naira notes till February 10, 2023. Grace period 17th.
The introduction of the new naira note is expected to have a positive impact on the nation’s economy. The new naira note is more secure and durable than the old notes, which will reduce the amount of counterfeiting and help to reduce inflation.
The President, Muhammadu Buhari , on Sunday, in Daura, approved the Central Bank of Nigeria’s request to extend the deadline for swapping of old naira notes with the new naira note from January 31, 2023, to February 10 2023.
Buhari also approved a seven-day grace period which runs from February 10 to February 17 2023, to allow Nigerians to deposit their old notes at the CBN after which the old notes cease to be Legal Tender.
Nigerias are advised to deposit their old naira note for the new naira notes within the specified time period .
