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NAIRA REDESIGN: Uba, Ecobank, Access Bank, Others Adjust Offical Working Hour (READ FULL DETAILS)

New Naira notes
New Naira notes

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Nigerian banks have announced modifications to their operating hours in order to assist Nigerians holding soon-to-expire Naira currencies.

The banks have already announced that they have delivered notifications of their working hours via their social media channels and customers emails On December 15, 2022, the Central Bank of Nigeria will begin the circulation of new Naira notes

The Governor of the bank, Godwin Emefiele, said the plan to redesign Naira notes denominations of N200, N500 and N1000 would allow the bank to mop up N2.73 trillion out of the N3.23 trillion currency in circulation that is outside the vaults of commercial banks.


Access Bank Reads:

“In order to beat the new Naira notes deadline of January 31, 2022, our branches will be open for longer hours during the week for your convenience, and they will also be open on Saturdays from 10 a.m. – 2 p.m. to receive cash deposits.”


“You can now deposit your old banknotes ahead of the January 31st, 2022 deadline. We will be open from 10am to 3pm”. 


The United Bank for Africa (UBA) also said it would begin operations on Saturdays for cash deposits. The financial institution said all its branches would be open on Saturdays from 10am to 2pm for cash deposits only.


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Written by Ruth Semilore

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