Naira Redesign: ACCI Seeks Deadline Extension

The Abuja Chamber of Commerce and Industry (ACCI) says it has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the discontinuation of the use of the current currency notes.

The President of ACCI, Dr Al-Mujtaba Abubakar, made the appeal in a statement he issued on Tuesday in Abuja in reaction to the recent announcement by the CBN on the redesigning of the country’s currency.

According to him, there have been various reactions from experts on the policy and while some experts agree with the CBN’s strategic objectives for the exercise, others differ.

Recall that the CBN had stated that the redesigned Naira notes would be released by Dec. 15 and that existing ones would cease to be regarded as legal tender by Jan. 31, 2023.


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