Imah Ajirioghene



The Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays in order to avert Naira Scarcity.

This was disclosed in a statement signed by CBN Acting Director, Corporate Communications Department, Isa AbdulMumin, in Abuja.

According to him, this is to ensure that there is easy circulation of banknotes of various denominations across the country.

The statement reads, “The CBN has 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 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,” it stressed.

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