Naira Swap Archives - The Pacesetter Frontier Magazine

CBN insists on February 10 Naira swap deadline

February 4, 2023 by Editor Leave a Comment

The governor of Central Bank of Nigeria , Godwin Emefiele, said the bank is not considering an extension of the deadline after the 10-day grace recently approved by President Muhammadu Buhari. Emefiele, who disclosed this at a briefing in Lagos, appealed to Nigerians to exercise patience noting that the gains of the policy outweigh the … [Read more…]

UPDATED: Only CBN, not Banks, will be able to accept old naira after deadline, ‘Subject To Certain Conditions’

February 1, 2023 by Editor Leave a Comment

The Central Bank of Nigeria (CBN) has clarified it’s position on the legal status of the old series of the N1,000, N500, N200 banknotes after the February 10 deadline for depositing the affected banknotes. The Director, Corporate Communication Department of the CBN, Mr Osita Nwanisobi, while speaking with newsmen on Tuesday in Abuja, explained that … [Read more…]