Naira redesign: CBN gives new update on deadline for return of old notes

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 by DAILY POST gathered that Maitama, Wuse, Jabi, Utako, Kubwa, and Gwarimpa areas of the Federal Capital Territory are yet to comply fully.

Benjamin Anayo expressed disappointment after an ATM in Wuse Market dispensed old naira notes…