The CBN had announced plans to redesign, produce, release, and circulate new series of banknotes on December 15, 2022.
Speaking at the CBN fair in Ilorin, Kwara State capital on Thursday, Director, Corporate Communications Department of the apex bank, Mr. Osita Nwasinobi, said that the new and existing currencies would remain legal tenders and circulate together until January 31, 2023, when the existing current shall cease to be legal tenders in Nigeria.
Speaking at the CBN fair in Ilorin, Kwara State capital on Thursday, Director, Corporate Communications Department of the apex bank, Mr. Osita Nwasinobi, said that the new and existing currencies would remain legal tenders and circulate together until January 31, 2023, when the existing current shall cease to be legal tenders in Nigeria.
from dfcnewsng
A welcome development
ReplyDeleteAda ohafia
Good idea 👍
ReplyDeleteGreat news!
ReplyDeleteChai this is a welcome development
ReplyDeleteYea pls cos they close early nowadays
ReplyDeleteMay this new development be a blessing to our country even at the long run
ReplyDeleteSo bank staffs are robots that need no rest abi. Why no increase banking hours week days.
ReplyDeleteSee me see wahala oh, are they increasing salary alongside? Na God hand person dey for this country.
DeleteHope the staff will be paid for the extra days.
ReplyDeleteThis bankers are human, they need rest and some of them are married with kids, how will they have time for their families when they'll work from Monday to Saturday, hmmmmmm more divorce cases looming
ReplyDeleteWhere I live, outside of Nigeria, the banks have a smaller staff on Saturdays. Tellers are on a smaller scale and only a few officers are working, it's not a full house. And not all branches participate. Some branches don't have enough traffic to warrant Saturday banking or they are located in office buildings that are not open on Saturdays.
DeleteI like having the option to do banking on Saturdays to accommodate folks who cannot go mon-fri, or if an emergency pops up. At one point there were a few banks doing Sunday banking, I don't know if it took off or is still available.
18:13 and all the bvs that think this Saturday banking is a welcome development wait until you walk in these bankers' shoes!
DeleteWork-life balance is important for optimal staff productivity and job satisfaction. Banks started implementing this only a couple of years back which led to early closing time.
However, since this CBN directive is for less than 12 weeks, the banks can implement Staff Rota for the duration of this exercise with extra pay.
Hello CBN, have you thought of instructing (regulating) commercial banks to stop stagnating their staff on the same level for 4 to 11 years (without promotion) as well as using internal policies to deny their staff Profit Sharing? These are some of the key reasons thousands of bankers relocated/ are relocating ('japa') , taking with them years of training, knowledge and experience to better other countries.
I thought bank executives and board would have understood that all the investment in Human Capital Development weighs more than a few hundreds of millions they withheld from Staff in over-due promotions and Profit Sharing. Unfortunately, they didn't foresee the massive exodus of trained staff from the country in their misguided penny-pinching management strategy.
When a business/company waters down the organisational culture, it will lose talents and fail to attract new ones.
Simply put, AN ORGANISATION THAT IS NOT LOYAL TO ITS STAFF WILL NOT HAVE LOYAL STAFF.
I shouldn't be teaching Strategic Management 101 to Captains of Industries.
~ Kkay Asanwa 19112022
No na...
ReplyDeletehmmnn. but in those days saturday banking was practiced. in the early 2000's. what happened then that they stopped and now they want to continue. I like the idea
ReplyDeleteMy eye see when when I was a banker. Thank God papa carry go my teaching job. No job like teaching 😍
ReplyDelete