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#COVID19: Skeletal Operations In The Financial System And Money Markets To Continue – CBN

by on March 30, 2020
 

The Central Bank of Nigeria has released a statement to assure the general public and all affected stakeholders that very skeletal operations in the Financial System and Money Markets will continue after obtaining permission from the president in light of his recent lockdown directives.

The statement read:

NOTICE TO AFFECTED STAKEHOLDERS AND GENERAL PUBLIC REGARDING
COVID-19 AND RESTRICTIONS IN MOVEMENT OF PERSONS

In light of the devastating effects of the Novel Coronavirus (Covid-19) on many
countries around the world, we applaud and appreciate the appropriate and proactive restrictions in personal and vehicular movement directed by President Muhammadu Buhari in his speech of Sunday 29 March 2020. These restrictions are critical to significantly reduce the transmission rate of the disease and make it much easier for health professional to trace, test and isolate patients.

To ensure that Nigerians can still perform online transactions and use ATMs
whilst observing these restrictions, we will like to inform the general public and all
affected stakeholders that we have obtained exemptions from the President to allow
very skeletal operations in the Financial System and Money Markets in order to keep
the system in light operations during this time.

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To this end, all relevant staff of affected outfits and agencies should look out
for further instructions from their immediate bosses. We are mindful of the difficulties these restrictions would bring on ordinary Nigerians and are grateful to the President for approving these exemptions, which should help ease some of these burdens. We urge all Nigerians to be patient, cooperative and united as all hands are on deck to
defeat this virus.

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