The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations.

The CBN has also directed all commercial banks to open for operations on Saturdays and Sundays.

Acting director, corporate communications department of the CBN, Dr. Isa AbdulMumin, disclosed this in a statement in Abuja on Friday.

Dr AbdulMumin stated 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.

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

https://leadership.ng/just-in-cbn-directs-banks-to-open-on-saturdays-sundays-for-currency-disbursement/


Nlfpmod

This is a very pathetic situation, nothing has changed despite using old notes.

To withdraw money from bank now is very difficult, I keep seeing people forming long queues at the ATM machines every day on my way to work and coming back since Monday

Old naira notes isn't even available enough, the new notes is also scarce.

POS agents are still charging N150- N200 per N1000

Stop circulating the ugly mutilated naira notes. Print and release the new notes that you people promised us.

Bank staff are human too. They need rest on those days.

I low key want cash to be very scarce.

I want the cash scarcity to linger.


A cashless society will help me achieve my ambition faster.


It may be an unpopular opinion, but I'm entitled to it.

God Bless Emefiele!

Why start what you can't finish? They are now putting bankers under unnecessary pressure.

Fahdiga:
Bank staff are human too. They need rest on those days.

The black nation gat no law

Just run around and do anything that seems okay