Connect with us


News

Breaking! Naira Scarcity: CBN Issues Fresh Directive To Commercial Banks

Published

on

The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations.

The CBN has also directed all commercial banks to open for operation on Saturdays and Sundays.

Advertisement

The Acting Director, Corporate Communications Department of the CBN, Dr. Isa AbdulMumin, disclosed this in Abuja on Fridaystating that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers.

READ ALSO:   State Of The Nation: How Buhari, APC Killed Nigeria - Bala Mohammed

According to him, the CBN had directed all banks to load their Automated Teller Machines (ATMs) as well as conduct physical operations in the banking halls through the weekends.

Advertisement

Branches of commercial banks will operate on Saturdays and Sundays to attend to customers’ cash needs,” he noted, adding that the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, would personally lead teams to monitor the level of compliance by the banks in various locations across the country.

He, therefore, urged Nigerians to be patient as the current situation would ease soon with the injection of more banknotes into circulation.

Advertisement
READ ALSO:   See What Lagosians Did To Mad Woman Allegedly Caught With AK-47 Rifles

The Nigeria Labour Congress (NLC) had directed its members to picket the offices of the Central Bank of Nigeria (CBN) nationwide over cash scarcity.

Advertisement
Advertisement







Also Read...