Naira Scarcity: CBN orders banks to open on Saturdays, Sundays

In a quest to put an end to the cash crunch its monetary policies occasioned, the

Central Bank of Nigeria has  all commercial banks to open for operation on Saturdays and Sundays.

The naira redesign, swap and cash withdrawal limits introduced by the CBN have not promoted the happiness of many Nigerians.

Instead, it arose cash crunch and threw many people into financial distress.

The apex bank is on the march to redeem itself by lifting cash withdrawal limit and pumping more old notes into circulation, a journey that it commenced on Thursday with N20b disbursed to banks nationwide.

Right now, a statement signed by CBN Acting Director, Corporate Communications Department, Isa AbdulMumin, in Abuja, on Friday afternoon charged deposit money banks to open for work on Saturdays and Sundays and ensure their ATMs are loaded with money.

“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,” the report read in part.

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