The date posted is 22 days earlier than the 31st January deadline announced by Central Bank of Nigeria that the old notes will continue to be a legal tender.
CBN in a message to Nigerians had asked Nigerians to return all old 200, 500 and 1000 notes before the deadline as it won’t be extended.
Only a few customers that make over-the-counter withdrawals have been able to have a few of the new notes, while the Automated Teller Machines (ATM) which are used by most customers are still dispensing old notes.
Aisha Ahmad, deputy governor in charge of financial system stability, said the CBN ordered the printing of only 500 million pieces of new naira notes in the first contract, which rolled out last week, December 15, 2022.
She also noted that Nigerians will have to do more with e-transactions as over time the circulation of N500 and N1000 notes will reduce.
