UBA To Open Saturdays For Naira Notes Deposit

The United Bank for Africa(UBA) has made it known that it will open on Saturdays to enable customers deposit their existing naira notes pending the circulation of new ones in December 2022.

This Central Bank of Nigeria announced the redesign of naira notes on Wednesday, stating that the new notes will come into circulation on December 15.

UBA has encouraged its customers to deposit the current naira notes to the bank before it becomes banned in January 2023.

“On 26th October 2022, CBN announced the introduction of new Naira notes, which will come into circulation on December 15th 2022, whilst existing Naira notes will remain legal tender until January 2023,” the circular read.