CBN Evacuates Naira Notes To Commercial Banks, Orders Banks To Operate On Weekend 

As part of coordinated efforts to ease the scarcity of naira across the country, the Central Bank of Nigeria, CBN has confirmed the evacuation of bank notes of various denominations from its vault to commercial banks.

The apex bank also ordered all commercial banks across the country to begin full weekend operation.

The Acting Director, Corporate Communications Department of the CBN, Dr. Isa AbdulMumin, disclosed this in Abuja, on Friday, March 24, 2023, 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.