Buhari approves extension of old Naira swap till feb10

President Muhammad Buhari on sunday in Daura katsina state,approved a 10 day extension of this deadline for the swapping of currency to new notes.

The Governor of the central Bank of Nigeria (CBN),who confirmed this to newsmen in Daura,katsina state,revealed that the new deadline is now Feb 10.

Emefiele,who was in Daura on sunday morning,had a closed door meeting with Buhari,where he obtained the approval.

He said  Nigerians,who were yet to change their Naira notes from the old to new ones,“now have an opportunity to do so”.

The apex bank’s governor however cautioned that people must utilise the opportunity bacause the deadline would not be extended again.

This is been recalls that the CBN had fixed  Jan.31 as the deadline for the legitimacy of the old Naira notes.

The redesigned Naira notes,comprising N200,N500 and N1000 became legal tender on Dec.15 2022,after they were unveiled by Buhari on Nov.23,2022 in Abuja.

Report by correspondents of goldmynetv across the country on Saturday indicated that traders and business owners were asking their constomers to pay with new notes.

It was also discovers that some of the automated Teller Machines (ATM) across states including the Federal capital Territory (FCT)were still dispensing the old Naira notes,while there were long queues at few ATM dispensing the redesigned Naira notes.

Some banks dispensing the new notes had configured their ATMs to dispense N5,000 or N10,000 per transaction.

Also,some point of sale (Pos)Operators were still paying with old Naira notes,while some who had the redesigned Naira notes  increased their charges by 100 to 200 per cent.

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