CBN answers Anambra traders’ prayers, extends deadline for old naira note


In what looks like a reply to the request by the Anambra traders for time extension over new naira notes deadline , the Central Bank of Nigeria (CBN) has extended the period to February 10.

The Razor Newspaper had reported that traders in Onitsha, Nnewi and Awka markets had mounted pressure on the Central Bank of Nigeria ( CBN) to extend the deadline for old naira notes to cease being legal tender.

They said the redesigned naira notes were in short supplies in commercial banks, while alleging that the new money was being sold in black markets across markets in the state.

The traders stated this during the sensitisation of traders in major markets in the three major cities in the at the weekend by officials of the Central Bank.

One of the traders, Chigozie Exenwa, said “The old notes are expected to be out of circulation by January 31 yet there is scarcity of the new notes as banks keep dispensing old notes to their customers.

Our correspondent gathered that different stakeholders, including monarchs and religious leaders in the state had mounted pressure on CBN officials during advocacy visits on them to extend the deadline in order to allow the new notes to circulate well and ensure the mop up of the old notes.

The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days.

In a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023.


Ifeizu is a seasoned journalist and Managing Editor of TheRazor. He has wide knowledge of Anambra State and has reported the state objectively for over a decade.

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