New Naira Note: First Bank Begins Saturday Banking

Following the recent news of plans by the Central Bank of Nigeria (CBN) to issue new Naira notes, First Bank of Nigeria has announced that some of its branches will be opening on Saturdays to serve customers who want to deposit old currency notes.

In a mail sent to customers on Friday, November 4, 2022, titled “Get Ready for the New Nara Notes”, First Bank Nigeria said the aim of opening on Saturdays was to enable its customers to make deposits of old naira currency notes in their possession to avoid being cut with the deadline set by the CBN.

The apex bank recently announced that it will redesign N200, N500, and N1,000 notes and phase out the existing ones. It said the new Naira notes will come into circulation from 15 December 2022, while the existing ones will cease being legal tenders from January 31, 2023.

FBN informed its customers that a number of its outlets across Nigeria will now open from 10 am to 1 pm on Saturday starting from today.

Part of the message reads, “Further to the Central Bank of Nigeria’s (CBN) announcement that the new Naira notes will come into circulation from 15 December 2022, and existing Naira notes will cease being legal tenders from 31 January 2023, please note that in line with our drive to always put You First, a number of our branches nationwide will now provide Saturday banking services to our customers from 10 am – 1 pm, starting from Saturday, 5 November 2022.

“Please note that in line with our drive to always put You First, a number of our branches nationwide will now provide Saturday banking services to our customers from 10 am – 1 pm, starting from Saturday, 5 November 2022.

“You can start depositing your Naira notes into your First Bank accounts immediately, there will be no charges for cash returned or paid into your accounts.

“The present notes remain legal tenders and should not be rejected as a means of exchange for the purchase of goods and services

“You can withdraw the new notes from your account once circulation begins in December 2022.”

READ ALSO: Naira Redesign: Extend Deadline To One Year, Experts Tell Nigerian Gov’t

The following are some of the branches that would operate on Saturdays:

Branch addresses and states

1. Mobil Road 21 MOBIL ROAD Lagos

2. Epe 2, AYETORO STREET, EPE PMB 1022 EPE Lagos

3. Oke Arin 53 OFFIN ROAD LAGOS Lagos

4. Ikota IKOTA INTERNATIONAL MARKET Lagos

5. Ajah Market MODERN MARKET AJAH Lagos

6. Lekki PLOT 90A EFUNYEMI ONANUGA OFF ADMIRALTY WAY LEKKI Lagos

7. Mayfair KM 36 AWOYAYA LAGOS, EPE EXP WAY, LEKKI PENINSULA LAGOS Lagos

8. Dosunmu 51 CHURCH STREET ,LAGOS Lagos

9. Ikorodu Branch 88 LAGOS ROAD P.M.B. 1005 IKORODU. Lagos

10. Ikeja Airport Branch AGEGE MOTOR RD, LOCAL AIRPORT BUS STOP, IKEJA.PO BOX 69 Lagos

11. Agege Branch 254 AGEGE MOTOR RD OKO-OBA AGEGE Lagos

12. Ikeja Ind. Estate Branch 21, OBA AKRAN AVENUE P O BOX 105 IKEJA. Lagos

13. Ketu Branch 582 IKORODU ROAD KETU LAGOS Lagos

14. Lagos (Alausa Sec.) Branch MOTORWAYS BUILDING TOLL GATE ALAUSA LAGOS Lagos

15. Ota Branch LAGOS/ABEOKUTA EXPRESSWAY P.M.B. 1036 OTA Ogun

16. Shomolu Branch 188 IKORODU ROAD ONIPANU Lagos

17. Akowonjo Branch 191 AKOWONJO RD AKOWONJO LAGOS Lagos

18. Iyana Ipaja Branch 177 ABEOKUTA EXPRESSWAYLAGOS Lagos

19. Dopemu Branch 6-8 DOPEMU RD DOPEMU ROUND-ABOUT AGEGE LAGOS Lagos

20. Idimu Branch 205 IDIMU-EGBEDA RD LAGOS Lagos

21. Ojodu Branch 2 OGUNNUSI ROAD OJODU BERGER Lagos

22. Bariga Branch 10 JAGUNMOLU STREET BARIGA Lagos

23. Ota Ii Branch 241 IDIROKO ROAD OTA OGUN STATE. Ogun

24. Abule Egba Branch 440 LAGOS ABEOKUTA EXPRESSWAY U-TURN BUS STOP ABULE EGBA Lagos

25. Iju Branch 159 IJU ROAD BY FAGBA B/STOP IJU AGEGE Lagos

26. Ogudu Branch OPPOSITE AREA H POLICE HQTR OGUDU Lagos

27. Ita-Elewa IKORODU SHOPPING PLAZA,ITA-ELEWA Lagos

28. Akute Branch 32/34 ,ALAGBOLE AKUTE RD AKUTE Ogun

29. Ogba Ii Branch 25 IJAIYE ROAD, OGBA LAGOS Lagos

30. Alapere Branch 88, AGIDI ROAD, AGIDI ROUND ABOUT,ALAPERE KETU Lagos

31. Ijede Branch PALACE ROAD OMITORO ALONG IJEDE ROAD, IKORODU Lagos

32. Isaac John Branch 51, ISAAC JOHN STREET, G.R.A. IKEJA, LAGOS Lagos

33. Coker Branch PLOT 4 BLOCK C AMUWO ODOFIN IND. LAYOUT Lagos

34. Ilupeju Branch 32 ILUPEJU BYE-PASS ILUPEJULAGOS Lagos

35. Iganmu Branch PLOT 2,ABEBE VILLAGE ROAD P.M.B. 126734 IGANMU. Lagos

36. Isolo Branch APAPA/OSHODI EXPRESS WAY IYANA ISOLO P.M.B. 1034 MUSHINLAGOS Lagos

37. Ebute-Metta Branch 4/6 MMWAY , EBUTE METTA Lagos

38. Yaba (Lagos) Branch 32, COMMERCIAL AVENUE, SABO YABA, LAGOS Lagos

39. Lagos (Surulere) Branch 17 ITIRE ROAD SURULERE Lagos

40. Matori Branch 84/88 LADIPO STREET PAPA AJAO P.M.B. 1120 MUSHIN. Lagos

Click here for a list of other FBN branches that now provide Saturday banking services.