AHMAD ABDULHAMID GHAMZAKI Many commercial banks in Nigeria have extended their workdays to weekends for customers to deposit their old naira notes. The action is in response to the deadline set for the collection of old naira notes by the Central Bank of Nigeria (CBN) governor Godwin Emefiele. Recall that the CBN on Thursday, January 26, 2023, insisted that the January 31 deadline for the old notes to stop being legal tender remain unchanged. This has caused panic in the country as over 50 percent of Nigeria’s unbanked population may lose their cash savings following CBN’s requirement that old notes could only be exchanged through an existing bank account. First Bank of Nigeria, Guaranty Trust Bank, and other financial institutions have notified customers to visit their branches on Saturday and Sunday to deposit old Naira notes. “This is to notify the general public that our branches will be open Saturday and Sunday just to receive cash,” one of the banks said in a statement similar
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