CASH SCARCITY: Commercial Banks To Open On Saturday, Sunday In Accordance With Directives Of CBN

In a move to ease the ongoing cash crunch being experienced by Nigerians, the Central Bank of Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays.

This the CBN said is part of a coordinated effort to ease circulation of Naira of all denominations.

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 CBN, Mr. Godwin Emefiele, would 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.