RELIEF: CBN flood banks with naira notes days to NLC strike

Date:

…ask Banks to open their branches on Saturday and Sunday

. . . Gov to monitor compliance personally

By Kayode Sanni-Arewa

The Central of (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 few days to NLC proposed strike.

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

The Acting Director, Corporate Communications Department of the CBN, Dr. Isa AbdulMumin, disclosed this in , on Friday, March 24, 2023, stating that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers.

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.

“Branches of commercial banks will operate on Saturdays and Sundays to attend to customers' cash needs,” he noted, adding that the 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.

0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments

Share post:

Subscribe

Popular

More like this
Related

HoR: Speaker Abass reshuffles Cttee chairmen, deputies

The Speaker of the House of Representatives, Hon Tajudeen...

General Gowon @ 90, The only General that jump two ranks in 1967 Strange, but true……

  1. Gowon was the only person to become Nigeria's...

Fed govt targets 96-hour timeline for passport issuance

• To implement electronic gates at airports effective Feb...

Peter Obi Issues Directive To Nigerian youths

The Labour Party (LP) presidential candidate in the last...