The deadline for exchanging the old N200, N500, and N1,000 notes, part of the three series of Naira, is extended by the Central Bank of Nigeria (CBN) until February 10th, 2023.
The CBN responded to pressure from concerned Nigerians following the disruption caused by the introduction of the redesigned currency.
This was announced in a statement by CBN Governor, Godwin Emefiele, on January 29th, 2023. The original deadline of January 31st, 2023, was set after the introduction of redesigned notes in December.
The extension has, however, been made to accommodate the collection of more old notes as there is a shortage of the redesigned notes currently in circulation.