Redesigned Notes: Emefiele Stands On Jan 31 Deadline For Retrieval Of Old Naira Notes

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Meanwhile, the Central Bank of Nigeria (CBN) has insisted that the deadline for the retrieval of the old 200, 500 and 1,000 naira notes remained January 31.

Speaking after the bank’s monetary policy committee (MPC) meeting in Abuja, the CBN’S governor, Godwin Emefiele, reiterated that all the other denominations — N100, N50, N20, N10, and N5 notes — would continue to be in circulation while the current N200, N500, and N1,000 naira notes will cease to be legal tender in the country after the deadline.

Emefiele, at the MPC meeting, said the 90-day window given by the CBN for Nigerians to deposit their old currencies was enough.