By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    2 months ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    2 months ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    2 months ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    2 months ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    2 months ago
  • Africa
    Africa
    Show More
    Top News
    From Child Soldiers To Carpenters In The Democratic Republic of Congo
    3 years ago
    Egypt: United States Embassy Cairo Organizes Women And Environment Week
    2 years ago
    PeacePro
    Military Intervention In Niger Republic Will Amount To Digging Africa’s Grave – PeacePro
    2 years ago
    Latest News
    Ghana President Mahama Calms Nigerians’ Fears: No Mass Deportations
    3 weeks ago
    At Gender Statistics Forum, African Leaders Urge Renewed Commitment To Quality Gender Data
    2 months ago
    Ooni’s Wife, Olori Temitope Enitan-Ogunwusi Takes Ile Ife Royalty To ADWIN Launch In Cote d’Ivoire
    2 months ago
    Independent UN Body Finds Systemic Racism Against Africans And People Of African Descent
    2 months ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Voters In Katsina Vow To Dump Buhairi, APC
    3 years ago
    My Son Must Win, Ondo State’s King Threatens His People
    2 years ago
    I Will Not Disappoint My Constituents, Dekor Reassures Ogoni People
    2 years ago
    Latest News
    NSC Chairman To Engage With Youth And Sports Stakeholders At The Nest Centre
    3 days ago
    Edo District Bye-election: SDP Candidate, Hon. Isidahomhen Promises To Pursue Best Interest Of Esanland 
    2 weeks ago
    PHOTOS: Vinod Obasa Takes Oath Of Office
    3 weeks ago
    Gov Adeleke’s Outburst Against Aregbesola Shows Sign Of A Drowning Man – ADC Group
    1 month ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    Entrepreneurship, Mentorship, And Scholarship Are Gains Of FUTO Alumni Homecoming 2025
    4 hours ago
    PHOTOS: UNFPA Celebrates 2025 Humanitarian Day In Abuja
    2 days ago
    Nigerian Law Society Seeks Partnership with NBA, Hails Reforms at 2025 Annual Conference
    3 days ago
    Chief Of Army Staff Honours Musa Kida On His Contributions To Growth Of Nigeria Basketball
    1 week ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Temi Otedola Makes Her Stage Debut In Motherland The Musical
    3 years ago
    Discover Exciting Programmes with Ease on GOtv
    2 years ago
    Nigerian Afrobeat Artiste WONDA Drops Captivating Summer Anthem ‘Ibiza’
    2 years ago
    Latest News
    Story Of A Greener Future: MultiChoice’s Journey To Renewable Energy And A 20% Carbon-emission Cut By 2028
    5 hours ago
    Lagos Govt Reiterates Commitment To Nollywood Growth
    4 days ago
    Unlock More for Less as Big Brother Naija Season 10 Beckons
    1 month ago
    Purp vs Raymu: Who Will Be Crowned The Next Nigerian Idol?
    2 months ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    NCC, NICO To Leverage Telecom Channels To Promote Nigerian Cultural Heritage
    1 year ago
    FAO Makes Case For Meat, Eggs, Milk As ‘Essential Source Of Nutrients’
    2 years ago
    Symposium of Episcopal Conferences of Africa and Madagascar
    Skilled Volunteers Wanted Support Catholic Church’s In Africa
    7 months ago
    Latest News
    Lagos Tourism Ministry Visits Heritage Sites For Inventory, Documentation
    5 hours ago
    Nigerian Minister Presents UNESCO Certificate To Alaafin Of Oyo At Sango World Festival
    4 days ago
    Lagos Govt Reiterates Commitment To Nollywood Growth
    4 days ago
    Noble Call to Service: Inside the Induction of 104 New Knights of St. Mulumba
    2 months ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    ₦46B in pre-launch transactions.
    After ₦46B Pre-launch Transactions, Fidelity Bank Unveils PAPSS In Nigeria
    6 days ago
    Opay In Trouble, Caught In Alleged Fraud Allegations And Legal Controversies Between January To July 2025
    3 weeks ago
    Petralon's Nigerian Drilling Campaign to Boost Offshore Oil Output
    Petralon’s Nigerian Drilling Campaign To Boost Offshore Oil Output
    2 months ago
    Year 2025
    How Nigeria Can Unleash Its Economic Potential – IMF
    2 months ago
    GTCO Plc Becomes 1st West Africa’s Financial Services Institution To Achieve Listing And Trading Of Its Ordinary Shares On London Stock Exchange
    2 months ago
  • Health
    Health
    Show More
    Top News
    WHO
    WHO Gives Nigerian Laboratory Full Accreditation To Fight Measles And Rubella
    3 years ago
    European Union Allocates N75m To Prevent Spread Of Diphtheria In Nigeria
    2 years ago
    US Govt Must Heed Lessons Of PEPFAR – AIDS Society Warns
    2 years ago
    Latest News
    At AIDS Council Meeting, Lagos First Lady Urges Bold, Sustainable Action for Nigeria’s HIV Response
    2 weeks ago
    Africa Speaks Out, Ready To Stop Health Worker Migration Crisis
    2 weeks ago
    AIDS Society Welcomes US Bipartisan Move To Protect PEPFAR
    1 month ago
    SSB Tax: Industry Actors, Paid Mouthpieces Slammed Over Campaign To Stop CAPPA
    1 month ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Naira Swap: CBN Surrenders, Extend Deadline
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Banking & Finance > Naira Swap: CBN Surrenders, Extend Deadline
Banking & FinanceBusiness

Naira Swap: CBN Surrenders, Extend Deadline

Last updated: 2023/01/29 at 3:32 PM
3 years ago
Share
SHARE

Finally, the Central Bank of Nigeria (CBN) yielded to pressure from Nigerians to extend the deadline for the swapping of old naira notes.

In a statement on Sunday, the apex Bank announced the extension of the deadline till February 10, 2023.

According to the statement “ A 10-day extension of the deadline from January 31, 2023, to February 10, 2023, to allow for the collection of more old notes.”

The CBN further said that Nigerians would still be able to deposit their old notes directly with the CBN until February 17, 2023, described as “grace period.”

- Advertisement -
Ad imageAd image

There has been pressure from  Nigerians concerning the initial January 31 deadline for the old notes, because of the scarcity of the newly designed 200, 500, and 1000 naira notes.

 “Based on the foregoing, we have sought and obtained Mr President’s approval for the following: a 10-day extension of the deadline from January 31, 2023, to February 10, 2023; to allow for collection of more old notes legitimately held by  Nigerians and  achieve more success in cash swap in our rural communities after which all old notes outside the CBN loses their Legal Tender Status,” the statement added.

“Our CBN staff currently on mass mobilisation and monitoring together with officials of the Economic and Financial Crimes Commission and the Independent Corrupt Practices and other Related Offences Commission will work together to achieve these objectives.

“A seven-day grace period, beginning from February 10 to February 17, 2023, in compliance with Sections 20(3) and 22 of the CBN Act, allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.”

You Might Also Like

After ₦46B Pre-launch Transactions, Fidelity Bank Unveils PAPSS In Nigeria

Adesina Reiterates Commitment To Africa’s Development As He Bows Out Of AfDB On 1 Sept

Opay In Trouble, Caught In Alleged Fraud Allegations And Legal Controversies Between January To July 2025

Petralon’s Nigerian Drilling Campaign To Boost Offshore Oil Output

How Nigeria Can Unleash Its Economic Potential – IMF

TAGGED: CBN, Naira Swap
INadminNG January 29, 2023 January 29, 2023
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article INEC Extends Deadline For Collection Of Voter’s Cards
Next Article Ukraine May Boycott Paris 2024 Olympics
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?