As part of a concerted effort to facilitate the circulation of banknotes of various denominations, the Central Bank of Nigeria has ordered all commercial banks to open for business on Saturdays and Sundays.
It also acknowledged the transfer of currency from its vaults to commercial banks all over the nation.
This information was provided in a statement released on Friday afternoon in Abuja and signed by Isa AbdulMumin, the acting director of the CBN's corporate communications department.
According to the statement, the commercial banks had received a sizeable sum of money in a variety of denominations to be distributed to their respective customers and used for weekend physical operations in the banking halls.
The CBN had instructed all banks to load their ATMs and carry out physical operations in the banking halls over the weekends, according to a portion of the statement.
Commercial bank branches will be open on Saturdays and Sundays to help customers with their cash needs.
"Teams personally led by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, would check on the banks' compliance in different parts of the nation. ".
The bank therefore pleaded with Nigerians to exercise patience, as the current situation would soon improve once more banknotes were introduced into circulation.
After a supreme court decision and a proposed protest by the Nigeria Labour Congress for the following week, the authorities stepped up their efforts to end the biting currency shortage that has caused pain to millions of bank customers nationwide.
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