The Central Bank of Nigeria, CBN, has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations.
CBN also confirmed the evacuation of banknotes from its vaults to commercial banks across the country.
This latest development was disclosed in a statement signed by CBN Acting Director, Corporate Communications Department, Isa AbdulMumin, on Friday, 24th March, 2023, in Abuja.
AbdulMumin noted that a substantial amount of money in various denominations, has been received by commercial banks, for onward circulation to their respective customers, even as it prevailed on banks, to conduct physical operations in banking halls through the weekends.
Authorities have stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide, after a Supreme Court ruling and a proposed protest by Nigeria Labour Congress, scheduled for March 29th, 2023.
Story: Christy Dung
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