Cash withdrawals: Banks now Open Saturdays, Sunday

By Starrys Obazei | March 25, 2023

Complying with the Central Bank of Nigeria’s latest directive, commercial banks have opened their various branches today (Saturday) for customers to deposit and withdraw cash. They will also do the same tomorrow.

Friday, the CBN said that it evacuated banknotes from its vaults to commercial banks across the country.

This came after the Nigeria Labour Congress, NLC, threatened to embark on a strike from Wednesday next week, over the protracted cash shortage in the country. 

The apex bank, in effort to ease the circulation of banknotes of various denominations, also instructed all commercial banks to open for operation on Saturdays and Sundays.

Hours after the CBN directive was announced on Friday, major banks sent out emails, asking their customers to visit their branches at specific times on Saturday and Sunday for cash withdrawals.

Financial institutions such as Guaranty Trust Bank and Union Bank in Lagos said customers can visit their branches across the state between 9 a.m. and 4 p.m., according to TheCable.

“All our branches will open on Saturday, 25th, and Sunday, March 26th, 2023 from 9:00 a.m. to 4:00 p.m. for cash deposits and withdrawals,” Union Bank said. 

On the other hand, Standard Chartered Bank said customers can access its facilities from 10 a.m. to 3 p.m.

“To ease the challenges faced in relation to access to naira cash, we are pleased to inform you that our branches… will open over the weekend for withdrawals and deposits of naira notes, Saturday, March 25, 2023, from 10.00 a.m. to 3.00 p.m. and Sunday, March 26, 2023, from 10.00 a.m. to 3.00 p.m,” the email reads.

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