Economy And Business

BREAKING: CBN Orders Banks To Open On Saturday, Sunday For Cash Dispensation

Advertisement
Advertisement

CBN has ordered Banks to open n Saturday and Sunday for cash dispensation to customers in order to end the Naira scarcity in Nigeria before NLC Nationwide strike next week.

 

NewsOnlinereports that the Central Bank of Nigeria (CBN) has directed all commercial banks in Nigeria to open for operation on Saturdays and Sundays as part of a coordinated effort to facilitate the circulation of banknotes of various denominations.

 

This online news platform understands that the Acting Director of the Corporate Communications Department of the CBN, Dr. Isa AbdulMumin, disclosed this in Abuja, Nigeria’s capital, on Friday, March 24, 2023.

 

ALSO: CBN Takes Proactive Measure To End Naira Scarcity Before NLC Nationwide Strike

 

The statement also confirmed the evacuation of banknotes from its vaults to commercial banks across the country amid the ongoing Naira scarcity that has crippled economic activities in Nigeria.

 

CBN Acting Director said 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 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.

 

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

 

Meanwhile, NewsOnline Nigeria reports that this coming few days after the news of NLC Nationwide strike broke out in Nigeria over the lingering Naira Scarcity.

Advertisement
NewsOnline Nigeria

Recent Posts

  • Education

BREAKING: President Tinubu Appoints Joseph Ikechebelu As UNIZIK VC

President Tinubu has appointed Joseph Ikechebelu as the new acting UNIZIK VC.   NewsOnline Nigeria…

13 hours ago
  • Headline

BREAKING: FG Gives 3 States, FCT One Week Deadline To Submit Report On State Police

FG has given 3 States and FCT a week's deadline to submit a report on…

13 hours ago
  • Headline

BREAKING: ICC Issues Arrest Warrants For Netanyahu, Gallant, Deif

 ICC has issued arrest warrants for Netanyahu, Gallant and Deif.   NewsOnline Nigeria reports that…

13 hours ago
  • Crime Watch

Nnamdi Kanu Drags Nigerian Government To Court Over Secret Trial Without Legal Team

Nnamdi Kanu has dragged the Nigerian Government to court over a secret trial without the…

13 hours ago
  • Economy And Business

BREAKING: Senate Gives President Tinubu Swift Approval For $2.2bn Loan

Senate has given President Tinubu swift approval for $2.2bn loan request.   NewsOnline Nigeria reports…

13 hours ago
  • Crime Watch

How Simon Ekpa Was Arrested By Finnish Authorities Over Violence In South East

Details of how Simon Ekpa was arrested by Finnish Authorities over violence in the South…

14 hours ago