● Directs banks to open on Saturdays, Sundays
By Chisaa Okoye (Business reporter)
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 apex bank has also directed the banks to open for operation on Saturdays and Sundays and to load their ATMs as well as conduct physical operations in the banking halls through the weekends.
Dr. Isa AbdulMumin, the Acting Director, Corporate Communications Department of the CBN, disclosed in a statement on Friday that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers.
The statement added 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.