By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ng
  • News
    • Politics
    NewsShow More
    INEC Resumes Collation of Enugu State Governorship Election Results Today
    March 22, 2023
    Abba Kyari
    Court Rejects Abba Kyari’s Plea to Strike Out Charges Against Him
    March 22, 2023
    US Threatens Action Against Those Who Undermined Nigeria’s Elections
    March 22, 2023
    Abia State Governorship Election Results Collation to Resume Following Suspension
    March 22, 2023
    Zamfara Government Imposes Dawn to Dusk Curfew
    March 21, 2023
  • Entertainment
    EntertainmentShow More
    Prepare for Davido’s Fourth Studio Album with Spotify’s Timeless Afro Playlist
    March 21, 2023
    David Adeleke (Davido)
    Davido Makes Comeback to Social Media, Announces ‘TIMELESS’ Album
    March 21, 2023
    Three Charged Guilty Over Rapper XXXTentacion’s Murder
    March 20, 2023
    Regina Daniels Celebrates Mother’s Day with Her Two Sons
    March 20, 2023
    Youths burn down residence of Kano Musician, Dauda Rarara
    March 20, 2023
  • Business & Economy
    Business & EconomyShow More
    CBN Governor, Godwin Emefiele
    CBN Raises Benchmark Interest Rate to 18.5%
    March 21, 2023
    Managing Director/CEO, Transcorp Hotels Plc, Dupe Olusola
    Transcorp Hotels Plc Reports 172% Increase in Profit Before Tax in 2022
    March 3, 2023
    CBN launches portal for collection of old N200, N500, and N1,000 banknotes
    February 15, 2023
    2023 Election: CBN Commits to Providing Cash for INEC Despite Withdrawal Limits
    February 8, 2023
    FIRS, Lagos State Sign MoU to Establish Joint Tax Audit System
    February 7, 2023
  • Sport
    SportShow More
    Kylian Mbappé Confirmed as New France Captain
    March 21, 2023
    Haaland nets hatrick as Manchester City destroy Burnley 6-0
    March 18, 2023
    Europa League
    Europa League Quarter-final Draws as Manchester United face Sevilla
    March 17, 2023
    Champions League Draw: Real Madrid to face Chelsea, Manchester City vs Bayern Munich
    March 17, 2023
    Gianni Infantino
    Gianni Infantino Re-elected as FIFA President Until 2027
    March 16, 2023
  • Tech
    TechShow More
    The Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) in a group photograph with some of the members of the Nigeria Startup Act Implementation Committee shortly after the inauguration ceremony
    FG Inaugurates Committee for Implementation of Nigeria Startup Act 2023
    March 9, 2023
    Mobile Ridesharing App Emerges as Winner at NCC’s Young Innovators Competition
    February 18, 2023
    The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami During the Ministerial Training Session for Board and Management Staff of NITDA at Transcorp Hilton Hotels Abuja
    Pantami Charges NITDA to Embrace Critical Thinking for the Benefit of Nigerians
    February 17, 2023
    Airtel Nigeria and itel Partner to Launch the Most Affordable 4G Smartphone for Nigerians
    February 16, 2023
    Zoho
    Zoho Launches Cutting-Edge Unified Communications Platform, Trident
    February 9, 2023
Reading: CBN says February 10 deadline for old naira notes won’t be extended
Share
Aa
Okay.ngOkay.ng
Aa
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

CBN says February 10 deadline for old naira notes won’t be extended

Muhammad A. Aliyu By Muhammad A. Aliyu Published February 3, 2023
Share
2 Min Read
SHARE

The Central Bank of Nigeria (CBN) has rejected calls for an extension of the February 10th deadline for phasing out the old Naira notes.

Godwin Emefiele, the Governor of CBN, made this known at a briefing in Lagos, where he appealed to Nigerians to be patient and understand that the benefits of the policy outweigh the initial challenges.

He noted that the apex bank is not considering an extension of the deadline, which was recently approved by President Muhammadu Buhari for a 10-day grace period.

“Unfortunately, this time we will not be looking at extending the deadline because we are the central bank and the deposit money banks are doing everything to address the challenges,” Emefiele said.

- Advertisement -

He also emphasized that the redesigned Naira policy was not targeted at any individual or group, but rather aimed at economic benefits for the country.

Emefiele appealed to Nigerians not to allow themselves to be used to truncate the policy, saying “We are doing our work. We are bankers. Those holding protests should not allow themselves to be used.”

This announcement follows pleas from Nigerian governors elected on the platform of the All Progressives Congress (APC) for an extension due to the scarcity of the redesigned Naira notes.

TAGGED: CBN
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Copy Link Print
What do you think?
Happy0
Love0
Sad0
Angry1
Joy0
Surprise0

Connect with Okay on Social

Facebook Like
Twitter Follow
Instagram Follow
Telegram Follow
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

INEC Resumes Collation of Enugu State Governorship Election Results Today
News
Abba Kyari
Court Rejects Abba Kyari’s Plea to Strike Out Charges Against Him
News
US Threatens Action Against Those Who Undermined Nigeria’s Elections
News
Oluwasola Obagbemi
Oluwasola Obagbemi Announces Guidance Seminar to Help 9-5 Women Navigate Career and Family Demands
Featured
Abia State Governorship Election Results Collation to Resume Following Suspension
News
- Advertisement -

You Might Also Like

News

INEC Resumes Collation of Enugu State Governorship Election Results Today

March 22, 2023
Abba Kyari
News

Court Rejects Abba Kyari’s Plea to Strike Out Charges Against Him

March 22, 2023
News

US Threatens Action Against Those Who Undermined Nigeria’s Elections

March 22, 2023
News

Abia State Governorship Election Results Collation to Resume Following Suspension

March 22, 2023
Previous Next
Okay.ngOkay.ng
Follow US

© OKN MEDIA PUBLISHING 2022 - All rights reserved

  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
Welcome Back!

Sign in to your account

Lost your password?