Banks throughout the nation opened their doorways to prospects for withdrawals and deposits, bringing an finish to lengthy queues and pains suffered on account of the money crunch.

The Central Financial institution of Nigeria (CBN) had directed all business banks to open for operation on Saturdays and Sundays.

This got here after the CBN had confirmed the evacuation of banknotes from its vaults to business banks throughout the nation as a part of a coordinated effort to ease the circulation of banknotes of varied denominations.

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Our correspondents visited the banks throughout Lagos and located that banks opened and loaded their Automated Teller Machines (ATMs) with money as prospects took turns to withdraw money.

At Festac, considered one of GTBank’s branches was already open at 9.am when our correspondent visited the financial institution.

Clients stood round Entry Financial institution, Constancy financial institution at Oshodi ready for the banks to open as at some minutes previous 9am.

A financial institution employees who spoke with BusinessDay stated her financial institution acquired N10 million to distribute throughout the branches and that one different financial institution obtained N2.2 billion.

One buyer stated she withdrew N100,000 as there are not any restrictions on the quantity to withdraw.

A supply near the CBN stated people can withdraw as a lot as N500,000 and Company N3 million over-the-counter.

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