Naira Redesign: UBA To Begin Operations on Saturdays For Cash Deposits
According to the United Bank for Africa UBA, Saturdays would be the begin of enterprise for money deposits.
This was revealed by the Bank in an electronic mail issued to shoppers on Friday.
The lending firm introduced that every one of its places will solely be open on Saturdays from 10 am to 2 pm for money deposits.
According to the e-mail, “We are actually open on Saturdays, from 10:00 am to 2:00 pm for money deposits solely, following the CBN announcement on the introduction of latest naira notes.
The redesign of some new naira notes was unveiled by the Central Bank of Nigeria (CBN) on Wednesday.
According to CBN Governor Godwin Emefiele, the brand new design and points would take impact in the course of December 2022.
According to Emefiele, the brand new notes embody N200, N500 and N1000.
He suggested Nigerians to take outdated notes to banks to allow them withdraw the brand new banknotes as soon as circulation begins.
Speaking on the motivation for the change, the CBN governor defined that the choice was reached resulting from persisting considerations with the administration of the present sequence of banknotes, and forex in circulation — significantly these exterior the banking system in Nigeria.
He additionally ordered all banks to “keep open their currency processing centers from Monday to Saturday so as to accommodate all the cash that will be returned by their customers”.