Naira Re-Design: CBN orders banks to work on Saturdays till January 2023

The Central Bank of Nigeria (CBN) has directed that commercial banks in the country remain open on Saturdays until January 31, 2023, to allow bank customers to exchange old naira notes for new ones.

This was disclosed by Osita Nwasinobi, the Director of the Corporate Communications Department of the apex bank.

He also reiterated that the new and existing currencies would remain legal tender and will be circulated alongside each other until January 31, 2023, when the existing currency would cease to be legal tender in Nigeria.