Emefiele to monitor compliance as CBN moves naira notes to banks
The CBN said a substantial amount of money in various denominations had been received by the banks for onward circulation to their customers
Emefiele to monitor compliance as CBN moves naira notes to banks.
Recommended articles
![Yemi Cardoso, the Governor of the Central Bank of Nigeria [TechEconomy]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Yemi Cardoso, the Governor of the Central Bank of Nigeria [TechEconomy]")
According to a statement issued by Dr Isa AbdulMumin, the Acting Director, Corporate Communications of the CBN, it is part of a coordinated effort to ease the circulation of banknotes of various denominations.
AbdulMumin said that the CBN also directed all commercial banks to open for operation on Saturdays and Sundays to meet their customers’ demand.
He said that the CBN Governor, Godwin Emefiele would personally monitor compliance of the commercial banks to the directive.
ADVERTISEMENT
According to him, a substantial amount of money in various denominations had been received by the banks for onward circulation to their customers.
“The CBN has also 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 said.
He urged Nigerians to exercise patience as the current situation would soon ease off with the injection of more banknotes into circulation.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
CBN is not using foreign reserves to defend naira — Cardoso
What are the 4 best tips for online gaming success?
Pepe Coin: Will it reach ATH in 2024? Slothana, Dogeverse raise millions
Where are the 5 wealthiest cities in Africa located?
Participate in TECNO CAMON 30 photo challenge and make your photos count!
Why Africa's billionaires & millionaires are fleeing the continent
Dangote crashes diesel price to ₦,1000/litre to lower inflation rate
Global inflation may persist due to Gaza, Israel conflict, growth at 3.2%
FG approves naira payment for crude oil purchase
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT
