Home BUSINESS BANKING & FINANCE We Won’t Shut Down Because Of Coronavirus, CBN Assures Stakeholders

We Won’t Shut Down Because Of Coronavirus, CBN Assures Stakeholders


The Central Bank of Nigeria (CBN) has assured stakeholders that irrespective of the situation, including lockdown of the country, against the backdrop of coronavirus outbreak, it will not close shop.

It said that as a responsible public institution and regulator, “we have triggered our business continuity plans to ensure that the Bank’s operations remain largely undisrupted at this present time when social distancing has become key to checking further spread of the virus. We have also directed Deposit Money Banks (DMBs) and other financial institutions to do same.”

In a statement today, March 25, the apex bank said that the welfare and safety of its staff and their families, and all Nigerians, remain top priority to it.

“Consequently, with effect from Wednesday, March 25, 2020, till further notice, only essential staff of the CBN Head Office and the 37 Branches of the Bank will be expected to report for duty daily. In other words, our staff in non-critical roles have been directed to stay at home and work remotely, when their services are required.

See also:  How N6.45 Billion Was Deducted As External Debt From 36 States In November

“We have also directed all our staff to follow stipulated guidelines by the Federal Ministry of Health, National Centre for Disease Control (NCDC) and other relevant health agencies of government to curb possible spread of the virus in Nigeria.

“For the avoidance of doubt, the CBN, in line with its mandate of ensuring monetary and price stability, will remain open for business during these trying times.”

Editorial staff
Editorial Staff at Greenbarge Reporters is member of a team of journalists led by Editor-in-Chief, Yusuf Ozi Usman.

Leave a Reply