- Currency hoarders are flooding the market with unspent naira notes as the deadline to exchange old naira notes draws near
- The banknote redesign plans by CBN are putting a lot of pressure on Nigerians and the naira, with many rushing to deposit cash in the banks
- A new video has shown crisp and clean naira notes printed 20 years ago being brought into the banks for deposit
Nigerians are rushing to beat the deadline of January 31, 2023, set by the Central Bank of Nigeria (CBN) to cease the circulation of old naira notes.
The CBN said it is introducing newly redesigned N200, N500 and N1,000 notes by December.
