Naira Notes: CBN Orders Commercial Banks To Operates On Both Saturday And Sunday

As part of a coordinated effort to facilitate the circulation of banknotes of various denominations, the Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks throughout the nation.

Additionally, the CBN has ordered all commercial banks to be open on Saturdays and Sundays.

Isa AbdulMumin, the CBN’s acting director of corporate communications, made this announcement in Abuja on Friday. He said the commercial banks had received a sizeable sum of money in a variety of denominations for distribution to their respective customers.

He claimed that the CBN had instructed all banks to operate physically in the banking halls over the weekends in addition to loading their Automated Teller Machines (ATMs).

“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, 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.