National

CENTRAL BANK OF NIGERIA BEGINS EVACUATION OF BANKNOTES TO EASE CIRCULATION

todayMarch 25, 2023 39

Background
share close

The Acting Director of the Corporate Communications Department of the Central Bank of Nigeria CBN, Isa Abdulmumin says it has commenced the evacuation of banknotes from its vaults to commercial banks across the country, in a bid to ease the circulation of naira notes of various denominations.

Abdulmumin confirmed this yesterday when he revealed that the apex bank has also directed all commercial banks to conduct physical operations in the banking halls on Saturdays and Sundays, as well as loading their Automated Teller Machines ATMs.

He further confirmed that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers.

Abdulmumin noted that the governor of CBN, Godwin Emefiele, would personally lead teams to monitor the level of compliance by banks in various locations across the country, assuring that the current situation would ease soon with the injection of more banknotes into circulation.

Written by: Ella Adike

Rate it

Previous post

Entertainment

DAVIDO ANNOUNCES SHOWS IN THREE CITIES FOR UPCOMING NEW ALBUM

Nigerian International music superstar Davido yesterday announced three shows on Instagram set to hold in Nigeria, the United Kingdom, and the United State for his upcoming album Timeless. The show tagged A Timeless Night with Davido is set to kick off in New York on April 2, 2023, at the Irvine Plaza. The second show will take place in London on April 5, 2023, at Koko, while the third and final show will hold in […]

todayMarch 25, 2023 94

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0%