Just In: CBN Confirms evacuation of banknotes to DMBs

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 operation on Saturdays and Sundays.

The Acting Director, Corporate Communications Department of the CBN, Dr. Isa AbdulMumin, disclosed this in Abuja, on Friday, stating 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.

More News

Yadda rikici a kan gishirin N20 ya yi sanadiyyar mutuwar wani mutum a Kano

Wani magidanci mai suna Zakari Hamza mai shekaru 45, ya gamu da ajalinsa a hannun kanen matarsa, wani Magaji Salisu saboda gishirin N20. Dan marigayin,...

Sojoji Sun Kashe Mayaƙan IPOB 5

Dakarun rundunar sojan Najeriya da kuma ta rundunar sojan ruwan Najeriya a ranar Talata sun kashe mayaƙan ƙungiyar IPOB guda biyar a yayin musayar...

ĆŠan agajin Izala ya samu lambar yabo, kujerar hajji, kyautar mota bayan ya tsinci naira miliyan 100 ya mayar wa mai su

Salihu AbdulHadi Kankia, mamba ne na kungiyar agaji ta kungiyar Jama’atu Izalatil Bid’ah Wa Iqamatus Sunnah (JIBWIS), ya samu yabo da tukuicin mayar da...

Musulmi a Zaria sun yi taron addu’o’i saboda mummunan halin matsi da Najeriya ke ciki

Musulmi a garin Zaria na jihar Kaduna, sun gudanar da addu'a ta musamman domin neman taimakon Allah kan halin da 'yan Najeriya ke ciki...