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COVID-19: CBN puts necessary measures for steady operations



The Central Bank of Nigeria (CBN) says it has triggered business continuity plans to ensure the bank’s operations remain uninterrupted despite COVID-19 outbreak in the country.

Mr Isaac Okorafor, the CBN Director of Corporate Communications Department, said this in a statement in Abuja on Wednesday.

Okorafor disclosed that the apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to do the same.

“Following the current impact of the Coronavirus 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 the country.

“The CBN wishes to inform stakeholders and members of Nigerian public that the bank will remain open for business during this period,” he said.

Okorafor however disclosed that the bank had directed its staff in non-critical role to stay at home and work remotely when their services were required.

He said the welfare and safety of the staff and their families and indeed all Nigerans remained top priority to the bank.

He added that in view of this, with effect from Wednesday, only essential staff of the bank at the Headquarters and 37 branches were expected to report for duty daily.

The director also urged all staff to follow stipulated guidelines by the Federal Ministry of Health, National Centre for Disease Control (NCDC) and relevant agencies of government to curb possible spread of the virus in the country.

He assured that in line with CBN’s mandate of ensuring monetary and price stability, the bank would remain open for business during this trying period.

Edited By: Muhammad Suleiman Tola

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Mustapha Sumaila: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]