CBN to Remain Operational While Coronavirus Lasts
Following the current impact of the Corona
Virus (COVID-19) on the global economy coupled with efforts by the Nigerian
Government, including partial lockdown in some States and at the Federal level,
to check the spread of the virus in Nigeria, the Central Bank of Nigeria (CBN)
wishes to inform stakeholders and members of the Nigerian public that the Bank
will remain open for business during this period.
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.
The welfare and safety of our staff and
their families, and indeed all Nigerians, remain top priority to us.
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.
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.
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