NLC ‘Satisfied’ With Cash Flow, Seeks To Clear Pending Issues In Two Weeks…
Written by City Radio on March 31, 2023
The Nigeria Labour Congess (NLC) has expressed satisfaction with efforts geared towards increasing cash flow around the country, following the nationwide scarcity occasioned by the naira redesign and cash swap policy of the Central Bank of Nigeria (CBN).
“As far as our members are concerned nationwide, they are satisfied with minimum doubt which we want to clear within the next two weeks,” the NLC President, Joe Ajaero, said Friday during a live appearance.
The CBN last week directed all commercial banks to open for operation on Saturdays and Sundays, adding that banknotes had been evacuated from its vaults to commercial banks across the country.
According to the apex bank, the directive was part of a coordinated effort to ease the circulation of banknotes of various denominations with a substantial amount of money, in various denominations, having been received by the commercial banks for onward circulation to their respective customers.