Last year, the Central Bank of Nigeria, with the support of the federal government decided to phase out the appearance of some of its currency notes and replace it with newly designed notes, in an attempt to fix some of the monetary complications the country is faced with.
The Central Bank of Nigeria (CBN) has extended its deadline to cease the usage of its old currency notes.
One of the CBN’s directives, instructed that Nigerians should replace all the old notes in their possessions, with new ones on or before January 31st 2023.
