Naira Redesign: UBA Announces Customers Cash Deposit On Saturdays

by Oluwamuyiwa Oyedele

The United Bank for Africa (UBA) has announced that their branches will now open on Saturdays for deposit.

In an email to its customers on Friday, the bank said “following the CBN announcement on the introduction of new naira notes, we are now open on Saturdays, from 10:00 am to 2:00 pm for cash deposits only.”

Earlier in the week, the apex bank announced its decision to change naira notes, urging Nigerians to deposit their old notes into banks before January 31, 2023.

Central Bank governor Godwin Emefiele said the development was informed by the fact that more than 80 per cent of the Nigerian currency are outside bank vaults, arguing that such practice portends dangers for the economy.

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