{"id":66706,"date":"2022-11-17T17:14:29","date_gmt":"2022-11-17T16:14:29","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=66706"},"modified":"2022-11-17T17:14:29","modified_gmt":"2022-11-17T16:14:29","slug":"naira-redesign-cbn-directs-banks-to-open-saturdays","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/","title":{"rendered":"Naira Redesign: CBN Directs Banks To Open Saturdays"},"content":{"rendered":"

The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January 31, 2023, to enable customers return existing naira notes.<\/p>\n

The CBN had announced plans to redesign the N200, N500, and N1,000 banknotes, and release the new notes by December 15, 2022.<\/p>\n

Speaking at the CBN fair in Ilorin, Kwara State capital, on Thursday, the CBN Director, Corporate Communications Department, Osita Nwasinobi, said that the new and existing notes shall remain legal tender until January 31, 2023, when the existing notes shall cease to be legal tender.<\/p>\n

The CBN fair has as its theme, \u201cPromoting financial stability and economic development.\u201d<\/p>\n

Represented by acting director, Corporate Communications, CBN, Akpama Uket, the director said that
\nDeposit Money Banks have been directed to immediately start returning the existing currencies to the CBN.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cThey have also been instructed to receive the existing banknotes beyond the threshold stipulated by the Cashless Policy without charges to customers.<\/p>\n

\u201cConsequently, you must return all the current N200, N500, and N1,000
\nbanknotes to your bank before the expiration of the deadline,\u201d he said.<\/p>\n

\n

Meanwhile, the CBN warned Nigerians of the consequences of mishandling naira notes, saying, \u201cLet me also reiterate the need to handle the naira with care. The naira remains a symbol of our national pride. Treat it with utmost dignity.<\/p>\n<\/div>\n

\n

\u201cDo not spray, squeeze or counterfeit the naira, as default goes with consequences.\u201d<\/p>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January 31, 2023, to enable customers return existing naira notes.<\/p>\n","protected":false},"author":6,"featured_media":37880,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[36,10021],"coauthors":[2391],"class_list":["post-66706","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-cbn","tag-naira-redesigning"],"yoast_head":"\nNaira Redesign: CBN Directs Banks To Open Saturdays - National Wire<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira Redesign: CBN Directs Banks To Open Saturdays - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-17T16:14:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/01\/CBN-LOGO.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"231\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/01\/CBN-LOGO.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/01\/CBN-LOGO.jpg\",\"width\":400,\"height\":231},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/\",\"name\":\"Naira Redesign: CBN Directs Banks To Open Saturdays - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#primaryimage\"},\"datePublished\":\"2022-11-17T16:14:29+00:00\",\"dateModified\":\"2022-11-17T16:14:29+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Naira Redesign: CBN Directs Banks To Open Saturdays\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Naira Redesign: CBN Directs Banks To Open Saturdays - National Wire","description":"The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/","og_locale":"en_US","og_type":"article","og_title":"Naira Redesign: CBN Directs Banks To Open Saturdays - National Wire","og_description":"The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January","og_url":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/","og_site_name":"National Wire","article_published_time":"2022-11-17T16:14:29+00:00","og_image":[{"width":400,"height":231,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/01\/CBN-LOGO.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/01\/CBN-LOGO.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/01\/CBN-LOGO.jpg","width":400,"height":231},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/","name":"Naira Redesign: CBN Directs Banks To Open Saturdays - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#primaryimage"},"datePublished":"2022-11-17T16:14:29+00:00","dateModified":"2022-11-17T16:14:29+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/naira-redesign-cbn-directs-banks-to-open-saturdays\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Naira Redesign: CBN Directs Banks To Open Saturdays"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/66706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=66706"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/66706\/revisions"}],"predecessor-version":[{"id":66707,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/66706\/revisions\/66707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/37880"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=66706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=66706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=66706"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=66706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}