More
    HomeBusinessCBN Engages NLC Leadership over Nationwide Strike Threat

    CBN Engages NLC Leadership over Nationwide Strike Threat

    Published on

    The Central Bank of Nigeria (CBN) has reached out to the leadership of Nigerian Labour Congress ,( NLC) to engage them with a view to shelve the planned Nationwide strike threatened by the NLC.

    Specifically the CBN has sent a delegation led by its Deputy Governor, Edward Adamu to lobby the NLC officials, led by Joe Ajaero, 24 hours after making the threat to embark on a Nationwide strike on Wednesday.

    In a reaction to the threat, the CBN has opened it’s vaults for the commercial banks to take cash.

    The apex bank also directed the commercial banks to begin Saturday and Sunday operations to ensure swift circulation of the currency.

    The Acting Director, Corporate Communications Department of the CBN, Dr. Isa AbdulMumin, disclosed that a substantial amount of money, in various denominations, had been received by the commercial banks for onward circulation to their respective customers.

    He said the CBN had directed all banks to load their Automated Teller Machines (ATMs) as well as conduct physical operations in the banking halls through the weekends.

    “Branches of commercial banks will operate on Saturdays and Sundays to attend to customers’ cash needs,” he noted.

    AbdulMumin said that the Governor, Central Bank of Nigeria, Godwin Emefiele, would personally lead teams to monitor the level of compliance by the banks in various locations across the country.

    He, therefore, urged Nigerians to be patient, as the current situation would ease soon with the injection of more banknotes into circulation.

    Meanwhile, the NLC has declared that there is no going back on its decision to picket the CBN by Wednesday.

    Latest articles

    7m youths to train on advance digital skills – Tinubu

    President Bola Tinubu has revealed that the Federal Government is already consolidating efforts to...

    Bandit attack displaces over 150 in Sokoto as regional insecurity worsens

    Over 150 residents have been displaced after a bandit attack on several villages in...

    Kanu alleges death in detention, petitions US, EU, others 

    Detained leader of the Indigenous People of Biafra (IPOB) Mazi Nnamdi Kanu has petitioned...

    Secure Igbos presidential support with MoU, Igbo leaders declare

    Ahead of the 2027 general elections, the leaders of the Igbo Agenda Dialogue (IAD)...

    More like this

    7m youths to train on advance digital skills – Tinubu

    President Bola Tinubu has revealed that the Federal Government is already consolidating efforts to...

    Bandit attack displaces over 150 in Sokoto as regional insecurity worsens

    Over 150 residents have been displaced after a bandit attack on several villages in...

    Kanu alleges death in detention, petitions US, EU, others 

    Detained leader of the Indigenous People of Biafra (IPOB) Mazi Nnamdi Kanu has petitioned...