Following the injection of more Naira notes by the Central Bank of Nigeria (CBN) into commercial banks on Thursday, long queues have begun to whittle down at some of the banks in Abuja.
A visit to some of the banks located in Garki and Central Business District, revealed that their Automated Teller Machines (ATMs) were dispensing Naira notes to customers.
The banks visited include, Guarantee TrustHolding Company (GTCO), United Bank for Africa, (UBA), First Bank and Union Bank.
Banks across the country opened their doors to customers for withdrawals and deposits, bringing an end to long queues and pains suffered as a result of the cash crunch.
The Central Bank of Nigeria (CBN) had directed all commercial banks to open for operation on Saturdays and Sundays.
This came after the apex Bank had confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations.
A bank staff confirmed to disclosed at the weekend that his bank received N10 million to distribute to other branches. A customer said she withdrew N10,000 as there are no restrictions on the amount to withdraw.
The CBN had confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations.
