Naira Crisis: CBN Directs Banks To Open Saturdays, Sundays

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The Central Bank of Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays.

Mr Isa AbdulMumin, the CBN Acting Director, Corporate Communications Department revealed this in a statement signed by him on Friday.

The apex bank also confirmed the evacuation of banknotes from its vaults to commercial banks across the country.

Part of the statement reads;

A substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers as well as conduct physical operations in the banking halls through the weekends.

“The CBN had directed all banks to load their Automated Teller Machines 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.

“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 bank, therefore, urged Nigerians to be patient as the current situation would ease soon with the injection of more banknotes into circulation.

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