In line with its mandate of ensuring monetary and price stability, the Central Bank of Nigeria, CBN, says it will remain open for business during these trying times of the Coronavirus pandemic.
A statement issued by the apex bank also directed all Deposit Money Banks, DMBs, and other financial institutions to remain open for business.
The CBN noted that following the current impact of the Coronavirus on the global economy coupled with fiscal and monetary efforts by the Nigerian Government, including partial lockdown in some states and at the federal level, the bank as a responsible public institution and regulator has triggered business continuity plans to ensure that operations remain largely undisrupted.
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 report for duty daily while staff in non-critical roles have been directed to stay at home and work remotely or will have to report when their services are required.
The Bank says this aspect of its business continuity plans is important at this present time when social distancing has become key to checking further spread of the virus.
A directive to follow stipulated guidelines by the Federal Ministry of Health, National Centre for Disease Control, NCDC and other relevant health agencies of government has also been given to curb possible spread of the virus in Nigeria.
