The crisis surrounding the naira redesign may have worsened amid the refusal by banks, filling stations, and traders to accept the old currencies.

This happened as a shortage of new notes persisted in states and the Federal Capital Territory.

However, the CBN Governor, Godwin Emefiele, has ruled out further extension of the deadline stipulated for the phasing out of the old 1,000, 500 and 200 naira notes.