As part of deliberate and coordinated efforts to ensure seamless availability of naira notes in the country, the Central Bank of Nigeria (CBN), has confirmed the release of banknotes from its vaults to commercial banks across the country.
The apex CBN has also directed all commercial banks to open for operation on Saturdays and Sundays.
The development was disclosed by its Acting Director, Corporate Communications Department of the CBN, Dr. Isa AbdulMumin in Abuja on Friday.
AbdulMumin made it known 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.
