• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Nigeria To Buy Banks Purchased By Ousted Central Bank Governor

Old Naira Notes: Nigeria’s Central Bank Insists On January 31st Deadline, Despite Calls for Extension

2 years ago
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

1 hour ago
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

2 hours ago
Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

3 hours ago
US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

5 hours ago
Kenya: Man Arrested Over Social Media Post Dies In Custody

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

6 hours ago
Tuesday, June 10, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    UK Civil Servants Who Used AI Saved Two Weeks A Year, Study Shows

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

    Nigerian Govt Warns Popular Car Dealer Against Mocking Civil Servants’ Ability To Afford Luxury Cars

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Old Naira Notes: Nigeria’s Central Bank Insists On January 31st Deadline, Despite Calls for Extension

January 24, 2023
in Economy, Top Stories
0
Nigeria To Buy Banks Purchased By Ousted Central Bank Governor

Former CBN Governor, Godwin Emefiele.

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani

Nigerians have been given a clear ultimatum by the Central Bank of Nigeria (CBN) to exchange their old N200, N500, and N1,000 notes for new ones before January 31st, 2023, or risk having them become useless.

Relatedreading

UN Peacekeepers Escape Attack In Southern Lebanon

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

This warning was issued by CBN Governor, Godwin Emefiele, during a press conference following the Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday.

The CBN’s decision to redesign the three banknotes was made in October 2022, with President Muhammadu Buhari, officially unveiling the new designs on November 23rd, 2022.

The deadline for the exchange of old notes for new ones was set for January 31st, 2023.

Emefiele highlighted that since the redesign of the three banknotes, cases of kidnapping and ransom-taking have reduced significantly, which he believes is a sign that the new notes are doing their job.

To boost circulation of the new notes, the CBN has also directed commercial banks to halt over-the-counter payment of the new notes and load their Automated Teller Machines (ATMs) with the redesigned naira notes.

In additionally, the apex bank has launched a nationwide cash swap program to enable those in unbanked areas to exchange their old notes for new notes before the deadline.

However, many Nigerians have expressed concerns over the slow spread of the new notes, with the House of Representatives, the Senate, and the Nigeria Governors’ Forum calling on the CBN to extend the deadline to give more Nigerians the chance to get their hands on the new notes.

Nonetheless, the CBN has held firm on its January 31st deadline, urging the public to take advantage of the available time to exchange their old notes for new ones.

“We understand that change can be difficult, but we believe that this is a necessary step for the betterment of our economy.

“We urge the public to come forward and exchange their old notes for new ones before the deadline. Let’s work together to make this transition as smooth as possible,” said Emiefele.

As the deadline approaches, it remains to be seen whether the public will heed the CBN’s call, or if the bank will ultimately be forced to extend the deadline.

One thing is for sure, the clock is ticking and time is running out for Nigerians to exchange their old notes for new ones.

Tags: breakingCentral Bank of Nigeria (CBN)Godwin EmefieleHeritageheritage timesheritagetimesmedialatestnewsNigerian Governors Forum (NGF)Nigerian National Assembly (NASS)the heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

Uganda: Police Arrest Arsenal Fans For ‘Celebrating Win Over Manchester United’

Next Post

Transfer: Nigeria’s Super Eagles Captain, Striker Join Italian, German Clubs 

Related Posts

UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

Organisers Postpone U20 WAFU Tournament

Next Post
Transfer: Nigeria’s Super Eagles Captain, Striker Join Italian, German Clubs 

Transfer: Nigeria's Super Eagles Captain, Striker Join Italian, German Clubs 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
UN Secretary-General Pushes for Permanent African Seat on Security Council

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025
Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025
Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

June 10, 2025
US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

June 10, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025

Tems: Grammy Award Winner To Feature At Inaugural FIFA Club World Cup

June 10, 2025

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

June 10, 2025

US Wants Rwandan Troops Out Of DRC To Pave Way For Peace Deal Signing

June 10, 2025

Kenya: Autopsy Result Shows Blogger Was Hit, Tortured To Death

June 10, 2025

Organisers Postpone U20 WAFU Tournament

June 10, 2025

Nigeria’s Rivers Hoopers Crash Out Of Africa Basketball League

June 10, 2025

‘Africa Corps’ Takes Over From Wagner As Russia Keeps Grip On Sahel Region

June 10, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In